Exit Strategy

Another update from the Jungle…..

Millie is employed because her mom is friends with Janice, owner of the company.  Millie’s mom begged Janice to hire Millie and promised that Janice wouldn’t regret it. Janice agrees.

Millie learns of her new job when her mom tells her, that starting bright and early the following Monday, she will be working for Janice, but Millie doesn’t want a job. She wants to be an actress beloved by millions.

Late Monday morning, Millie floats into the office to find her new co-workers hard at work.  Janice takes Millie on a quick tour of the office, introducing her to everyone and explains basics, like the schedule and benefits. 

Millie perks up when she hears about the benefits. She says she needs to leave early the next day to go to an audition. She enthusiastically describes the play and how she expects this show will be her big break into professional acting.  She asks if she can give a provisional resignation now in case she has to pack for Broadway on short notice.

Recovering her composure, Janice explains that until the big break arrives, Millie may want to learn a few things about her current job.  Millie is uninterested in the job, but she soon realizes that Janice’s company can teach her plenty of new stuff that she can use to advance her career in the theatre.

A few weeks later, a couple of Millie’s co-workers discreetly approach Janice. They have been following Millie’s social media posts so that they can keep up with her acting career. They believe Millie is contacting prospects and clients of Janice’s company to invite them to support her career. 

Janice drops everything to take a quick spin through various social media platforms looking at Millie’s posts.  What she sees convinces Janice that it’s time to dump Millie at the curb.  In her haste to fire Millie, Janice forgets to protect her company’s data.

Within days, Janice realizes that Millie is still accessing her company’s systems.  Millie’s social media shows that she is using Janice’s documents and processes to build a rival business while waiting for her big break in the theatre.

What steps should Janice take next to protect her company?

  1. She can become Millie’s patron, underwriting her acting career as a way to obtain some return on her investment in Millie.
  2. She can call Millie’s mom to complain that Millie is a rotten kid.
  3. She can create a checklist of all company systems that need to be updated to terminate Millie’s access.

 Most employers have well-developed on-boarding processes, but pay less attention to their termination process.  A termination process can protect company resources from misuse by former employees.

If your company is struggling with HR issues, Corporate Compliance Risk Advisor can help you create HR policies that are appropriate for your company’s size and then serve as a resource to your staff as the policies are implemented.

 

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