A Key Employee Just Gave Notice — Here’s How to Prepare Before They Leave

Employees are a company’s greatest asset; each member of the team represents an important mechanism within the overall machine. While every individual within a workforce has the potential to add value to a company, there are some employees that, through their skills and experience, rise so far above the rest that they become absolutely vital to the company. Unfortunately, sometimes these key employees end up parting ways with their employers to move on to new opportunities. Because the company is heavily reliant on the former employee, this departure can result in a deep void that can have an enormously negative impact on the business. This is especially true for small businesses, where teams tend to be small and tightly knit. However, losing a key employee doesn’t have to be a catastrophic event. Here’s how to stay prepared for potential team member departures – just in case.