Employee retention. That is one of the toughest challenges facing the new age manager. How can you prevent an employee from resigning? If you search the internet, you will find dozens of articles; none of them useful and most of them vague. In this particular realm of affairs, a friend of mine shared his success story.
My friend's team member was about to resign. The signs of discontent were visible for a long time. So when the team member asked for coffee break, my friend had guessed the topic of discussion. Over the coffee, the team member broke the news. He was going to send out his resignation letter by end of day. What does my friend do? He decides to have an impromptu happy-hours rendezvous with his colleagues. They partied till late night. As a result, the team member, who was also a part of the merrymaking, could not resign by end of the day. Instead, the team member resigned the next day. My friend was successful in retaining the employee for one more day. That is indeed commendable.
If you are a manager, you could also try a variation of this plan when your next team member decides to resign. Let me warn you. It is okay to be inspired (after reading this) but at your risk.Tags: Musings,Resign,Manager