The Cost of Employee Terminations and Turnover

Posted by Christy Putnam on September 23, 2019 at 1:38 PM

As an HR professional or manager, employee terminations are something that will need to be addressed, whether frequently or infrequently - and we all hope it end up being less frequent. However often it happens, the resulting turnover can end up being a very costly expense to organizations. A look inside the numbers illustrates how important retention really is.

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Topics: Human Capital Management, Human Resources, Recruiting, Employee Terminations

HR Infographic - Tips for Handling Employee Terminations

Posted by James on September 17, 2019 at 10:20 AM

Terminating an employee may be the worst task that HR professionals are required to undertake. Even if they occur only infrequently, the meetings almost always have the potential to be unpleasant or, in the worst cases, contentious. The best approach is to put your head down and just get through it, right?

Wrong.

There are actions you can take in advance of a termination meeting to increase the possibility of the relationship ending calmly and perhaps even amicably, with minimal disruption to your business. Follow these tips, approach the situation confidently, and you may be surprised at how well things actually go.

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Topics: Human Resources, HR Policies, Employee Terminations

The Importance of Documenting an Employee's Termination

Posted by James on September 11, 2019 at 2:31 PM
Whether an employee is asked to leave or leaves on his or her own, it's critical that the employer thoroughly document all specific details of the process through to its conclusion. Memories are not perfect, and rarely do multiple people remember the same event the same way. Even just a couple days after the termination meeting, individual accounts of what happened can vary wildly; especially if the employee is not leaving on good terms and/or tempers were running high throughout the exit. If the events are ever called into question - especially legal question - the employer will be in the best position possible if everything that happened is recorded, organized, and readily accessible.
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Topics: Human Capital Management, Human Resources, Employee Terminations

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