Businesses that survived the pandemic may soon have another problem: a quarter of their staff may leave their jobs.
According to a recent Microsoft report called “The Next Great Disruption is Hybrid Work – Are We Ready?” up to 41 percent of workers globally are thinking about putting in their notice.
Called the Great Resignation Wave by some economists, the “wave” appears to be due to:
How to prepare your business for the great resignation wave
Although there’s no way to predict for sure if and how the wave will affect your business, all business owners should have an employee exit strategy in place for when workers leave their job. To safeguard the business’s assets, employers may wish to consider the following protections in the event an employee leaves:
Make sure employees sign appropriate exit documents, which may include Confidentiality/Non-Disclosure, non-competition, or non-solicitation agreements.
Remind employees of their contractual obligations
It is possible employees will not recall what they signed during the onboarding process, so employers may wish to remind workers of their contractual obligations. Employers should remind the worker during the exit interview or by sending a letter. This action may help prevent theft, sharing of information, or other unwanted behavior.
Help is available
If you suspect an employee or former worker is violating his or her contractual obligations, it is important to act fast. Contact one of the attorneys at O’Reilly Rancilio at 586-726-1000 or by visiting our website.