Off-boarding is the natural process of removing an employee from an organization, either due to resignation or termination, but few companies are adequately prepared for it. According to The Balance, the median tenure of employees ages 25 - 34 is just 3.2 years; less than a third of the 10.3 year median tenure of employees 65 years and older.
Whether you have the responsibility of terminating an employee or the individual has decided to accept a new opportunity elsewhere, off-boarding can be stressful. It’s crucial that business owners know what to do when it’s time for employees to move on. Indeed, the off-boarding process should be considered from day one of your business.