How to negotiate with a talented employee who’s planning to leave

handing in a resignation letter

You’ve just learned that one of your top employees is planning to leave. This person is competent and you don’t want to lose them without a fight.

But how do you deal with them? It’s not going to be easy, but with the right strategy and a bit of finesse, you can keep them on board—and maybe even get them to stay longer than they planned.

In this article, we will walk you through the process of negotiating with a talented employee who’s planning to leave.

Talk about what they want

If the good news is that this person is still interested in staying with the company, they just want a better contract, you can try to talk about what they want. What are their goals? What are their needs? What can you do to make them feel valued and appreciated?

Next, be willing to compromise. Can you meet them halfway? Or even better, can you exceed their expectations? If you can address their needs and show that you’re willing to work with them to find solutions, then you might be able to persuade them to stay.

Make a case for why they should stay
colleagues in a meeting room

Image Credits: intheblack.cpaaustralia.com.au

Make a case for why it’s in their best interest to stay with your company. Point out the opportunities they will miss out on if they leave now and highlight the advantages of staying with your organization.

Let them know that you’re committed to helping them grow and develop their skills. Be prepared to offer incentives to sweeten the deal. This could be a promotion, a pay increase, or even added annual time off.

Let the employee know that you value their skills and would like to keep them on board. And don’t forget to express your gratitude once they’ve decided to stay. But if the employee is adamant about leaving, then you may have no choice but to let them go. But remember, you can always try to poach them back in the future.

Inquire about the reasons for wanting to leave

When an employee comes to you and says they’re planning to leave, it’s good to inquire about the reasons for wanting to leave. This will give you a sounder understanding of what’s driving them away, and it might provide you with some insight that can help you keep them on board.

Keep in mind that there are usually several reasons why someone might want to leave their job. It could be something as straightforward as they’re not being paid enough, or they’re not getting the recognition they deserve. But it could also be something more complicated, like a clash of personalities or a lack of opportunity for career growth.

No matter what the reason is, it’s necessary to approach the situation with empathy and try to find a way to address the employee’s concerns. If you can show that you’re ready to work jointly to find a common ground, they might be more likely to stay on board.

You’ve worked hard to recruit a talented employee, and the last thing you want is to be told that they’re planning to leave. Don’t panic—there are ways to negotiate and keep them on board. Start by understanding their reasons for leaving. Maybe they feel undervalued or unappreciated, or they’re not given many chances to grow. Address these concerns, and show them that you value their contributions. You could also offer them a raise or a promotion, or suggest new opportunities that can help them grow professionally. Be willing to compromise, and remember that it’s better to try to retain a skillful worker than to lose them altogether due to pride.

Read More...

Why quitting your stable but stagnant job might be the best thing for you

happy resignation

You’re stuck in a job you don’t love, but it’s stable. And that’s the problem.

You want to make a change, but you’re afraid of leaving your current position. You might be worried about the unknown or what others will think. But what if quitting is the best thing for you? What if it opens up new opportunities that you never would have had otherwise?

In this post, we will explore why quitting your stable but stagnant job might be the best thing for you. We will also provide tips for making the transition easier.

Let’s start with the fear

You go to work, do the same thing day in and day out, and come home feeling unfulfilled. You know you need a change, but you’re scared to leap.

We get it. Quitting your stable job can feel like a huge risk, especially if you’re not sure what you will do next. But here’s the thing: staying in a job that’s no longer right for you is even riskier. You’re not growing, you’re not learning, and you’re not happy.

Think about it this way: by quitting your stable but stagnant job, you’re opening yourself up to new possibilities. You might find a position that’s a better fit for you, or maybe you can work towards starting your own business. The world is your oyster!

Dealing with the fear of quitting
unhappy with work

Image Credits: unsplash.com

Lately, you’ve been feeling like you’re in a rut. You know you’re capable of more, but you’re afraid of leaving your stable job position. Here are some practical tips for dealing with the fear of quitting:

  • Do some research on the industry you’re interested in
  • Talk to people who have made the switch to a new career
  • Practice speaking about your career goals with confidence
  • Make a list of your skills, ambitions, and accomplishments
Why quitting your stable but stagnant job can be sensible

It can be tough to decide to leave a stable job position, especially if you’ve been at the same job for a while and can navigate through your routine work tasks with your eyes half-closed.

However, if you’re not learning or growing anymore, then what’s the point of dragging yourself to work every day to go through the motion? Folks who find themselves not pleased, fulfilled, and challenged enough at their jobs should reconsider their career status. The fear of quitting might be daunting, but remember that you’re not alone in this journey. And the payoff could be well worth it in the end.

It can be hard to leave a stable job position, but if you’re feeling stagnant or unhappy in your current role, it might be time to take the plunge. Folks who are feeling hesitant about quitting their stable job position can start by brainstorming ways they can make the switch less risky. For example, start by applying for jobs that are in the same industry but offer a more challenging and exciting work environment. And most notably, remember that it’s normal to be intimidated – but it’s also brave to take the leap and chase after a better tomorrow.

Read More...

Questions to ask yourself before you quit your job

a woman stressed at work

Quitting a job is a huge decision. It can be difficult to know what to do when you’re feeling frustrated or unfulfilled in your position.

Before you take any rash actions, take some time to reflect and answer these questions we’ve put together for you. They will help you to make the best decision for your career and future.

Feeling okay?

Before you quit your job, it’s important to take some time for self-reflection and ask yourself some tough questions. Are you in good physical and mental health? Are you feeling burnt out or stressed? Is your workload manageable, or are you constantly feeling overwhelmed?

Are you paid fairly?

When it comes to whether or not to quit your job, money is always a major factor. So, the first question to ask yourself is whether or not you feel like you’re being paid fairly. If you’re not happy with your current salary, it might be time to start looking for a new position. But don’t jump ship just yet; keep reading for other factors to consider before deciding.

How are your work relationships?
coworkers at disagreement with one another

Image Credits: workitdaily.com

Before you quit your job, it’s important to consider your relationship with your boss and co-workers. If you have a good relationship, it might be worth trying to talk to your boss about your concerns and see if there’s any way to fix the situation. However, if you don’t feel like you have a good relationship with your boss or co-workers, it might be time to move on.

Have you been learning and growing?

If you’re feeling stagnant in your job, one of the questions you need to ask yourself is whether or not you’re discovering and developing. Are you still challenging yourself, or have you become comfortable with what you know?

It’s necessary to be constantly growing in your career because that’s what will help you stay ahead of the competition. If you’re not evolving, you’re falling behind. And if you’re not happy with your job, that’s not a good sign.

Do you have a good work-life balance?

When it comes to work-life balance, there’s no one-size-fits-all answer. Some people need to work all the time to feel fulfilled, while others need more time spent away from the office to feel happy and productive.

So, how do you know if you’ve struck the right balance for yourself? Here are a few questions to ask:

  • Do you feel you’re always on call and working?
  • Are you resentful of the time you spend at work?
  • Do you feel like you never have any time for yourself?
  • Are you so stressed out that it’s affecting your health?

If you answered yes to any of these questions, then it might be time to reevaluate your work-life balance.

As we close, we will leave you with some bonus questions so you can consider your decision comprehensively before crafting a resignation letter:

  • Are you sure this is what you need?
  • Are you expecting too much too soon?
  • Do you have a plan for what to do next?
  • Have you given your resignation enough thought?
  • Have you tried to talk to your boss about your problems?
  • Could leaving be damaging your career rather than helping it?
  • What will happen if you do quit – are you prepared for the consequences?
  • Are you completely honest with yourself about the reasons for wanting to leave?
  • Could your problem be solved with a change in management or company policy?

It’s a big decision to quit your job – so before you hand in your notice, think it through thoroughly.

Read More...

Here’s how to quit your job properly

Resignation letter

Leaving a company on shaky terms can have long-term consequences, such as being shunned by other firms in your field or harming your professional image.

In Singapore, many industries are pretty small. It can be damaging to your next application process if people realize that you left your last job badly and on a sour note, or that you are quitting a freshly obtained position.

Here’s how to quit your job properly.

Set a meeting

A courteous approach is to set up a meeting with your superior. Managers are frequently packed, so emailing them a well-crafted meeting request in advance will assist you in setting up a swift meeting. Request a time slot on their schedule so you may speak with them face-to-face. Instead of quitting over an email, it’s best to have an honest chat.

Have your speech ready
a person writing something

Image Credits: unsplash.com

Organize your thoughts, then make a list of whatever you need to say to your boss before reading them aloud. This gives you an indication of how much time you will need to chat, which you will need to know when scheduling your meeting’s duration. Having prepared your speech also aids you in determining whether you require the participation of a third person in your discussion, such as an HR manager to assist you with an assertion.

Serve your required notice

A month is the typical notice period you should give a company before leaving. If you’ve entered an employment agreement, though, be sure you’re following any notice requirements. You may be content to remain longer than the standard one-month timeframe, based on your availability, more so if your new work doesn’t commence immediately. Whatever amount of notice you give, make sure you notify your organization as quickly as feasible and include your last day in your letter of resignation.

Do a proper handover before you leave
two women talking while using the laptop

Image Credits: unsplash.com

After notifying your workplace of your departure, you will most likely have some time remaining in your position before you formally leave. You should finish existing work and assignments and discuss with your manager to identify who should take over your current projects.

Keep track of your daily routines, where you’ve stored records in a database, and other relevant details that will help the next person taking over. This will guarantee a seamless transition for the new hire that takes your place. Your coworkers will also appreciate your professionalism if they have to be the ones who will share your workload for the time being.

Your business connections may help you find new possibilities in the future, and the way you leave a company creates a lasting impact. On your exit, don’t say anything negative about your boss. Make an effort to leave a favorable lasting impression, not just because it’s the respectful thing to do, but also because it can lead to chances down the road. You could end up working for the same firm, with the same coworkers, or for the same employer next time, so leave on a good note.

Read More...

8 Reasons Why Your Employees Are Leaving You

The reasons why an employee desires to leave may be obvious, such as wanting to pursue better opportunities or feeling underpaid. These reasons provide a better understanding of how you can improve your organization’s processes and recruitment strategies.

So, why do employees leave and what can you do to prevent a good employee from quitting?

#1: LACK OF APPRECIATION

Recognizing the efforts of employees can increase their motivation. When a company and its management ignore the employees’ accomplishments, they may seek value elsewhere. Implement a system that rewards quality output and efficient workers. Most employees are willing to go the extra mile when they feel valued by the company that they work for.

#2: FEELING UNDERPAID

With the uncertainties of the current situation, many Singaporeans seek stability. Salary is among the top reasons why employees depart from their previous employer. Offering competitive salaries and other benefits can prevent the employee from leaving a post. However, not every resignation is financial in nature. Uncovering other underlying factors can be necessary to retain an employee.

#3: LIMITED OPPORTUNITIES FOR GROWTH

Professionals have a potent desire to grow at a company. Who wants to remain stagnant, anyway? Recognizing the efforts and setting a clear career path can make the employees feel like they have a bright future in the organization.

Image Credits: pixabay.com

#4: MISMATCH BETWEEN THE ORGANIZATIONAL CULTURE AND THE EMPLOYEE

When you first arrived onboard, you were a perfect fit for the organization. As time passes, your goals and values no longer align with the organizational culture. This is a difficult situation to be in as the change needs to be addressed by several employees. Promoting open and honest communication in the workplace can bolster retention rates. Moreover, providing opportunities to interact outside of the office fosters a sense of camaraderie.

#5: LACK OF RESPECT

You are at risk of losing a good employee if he or she does not feel respected or trusted at work. Whether the employee feels disrespected by their boss or co-workers, the negative feelings can pile up. Employees can experience lack of respect in many ways ranging from written instances to sexual harassment. Prevent these issues by providing open channels for communication and exercising regular feedback.

#6: HAVING A HORRIBLE BOSS

A horrible boss can create a toxic environment for the employees. Many high performing workers quit their jobs because of their managers and not because of the job itself. Whether the manager is incompetent or is behaving badly towards the rest of the team, his presence can make or break an employee’s experience. Thus, training is essential. Ensure that the manager is given the tools to properly support their employees.

#7: DISCONNECT WITH THE COMPANY’S VALUES

If an employee no longer sees a connection between him and the company’s values, the employee can leave the organization. Do not sacrifice the company’s values for a result.

Image Credits: pixabay.com

#8: NO WORK-LIFE BALANCE

Last but not least, having no work-life balance can contribute to an employee’s burnout and eventual departure. At the end of the day, you must respect that your employees have lives outside of work. Providing an ample amount for rest and recovery can help improve the quality of one’s work.

Sources: 1 & 2

Read More...