Your Exit Strategy..
Vikas
was the Line Manager of Prabhanjan, one of the senior technical sales manager
in one of the well-known MNC. Prabhanjan
was around 52 years old, working almost for 10 years in the company. He was not
doing well for last few years. He was qualified engineer, expert in his
segment, but was not doing well for last few years. Vikas has concluded that
Prabhanjan was reached at the level of complacency. In spite of giving several feedback,
Prabhanjan was not trying to fulfil the expectations of his line manager. Vikas
communicated to the management that he
didn’t want the person in his team. Of course he had taken all actions, to
bring the Prabhanjan at expected level. The issue was the attitude of employee.
For
keeping the performance of the team and to set the example, it was important to
separate the employee from the company. However when it came to the HR, then
lot of questions were raised about the termination considering his past
performance which was very good, his seniority in the organization.
I
see here two issues, from company side
and another from employee side. I am not commenting on his performance issue. We
can debate a lot on the performance. But my question is about exit strategy.
From company side: does your company has the exit strategy and
policy in place?
Getting
talent and retaining talent is the vital and he was speaking about the exit
before even joining the employees. What we would tell employee when he joins
the company is the question?
There
are different types of employees. Most of the times we carry with the
perception and only talk about retention, which we should, but there are few
employees who over a period of time creates the problem to the organization
either by nuisance (of giving the example of their past performance &
seniority) or by becoming complacent . If it is not working well, company
should have the proper exit strategy in place. This strategy is not what you do
but how you plan the exit of employee considering different circumstances and scenario.
From Employee Side: Situation may not
always good. Sometimes companies do the rightsizing, sometimes jobs become redundant.
Sometimes bosses change and sometimes relations are not that good. After
working few years in the company, you also want to do something different and
company may not support you to that different things. Sometimes companies may
not have the enough opportunities. Leaving job is also not possible after some
times. Situation comes, that you have title, you earn money, but you are in the
golden cage. Opportunities are given other employees or outside people are brought
in the organization. You feel that you don’t have the career in the
organization. What will you do?
In
business, investors makes their exit strategy. You are also an investor of your
career and the business (company) for whom you are working. You need to plan
your exit as well. Do you have your exit strategy? Here the strategy means how
and when you plan your departure from the organization, once you have
contributed fully and you (or company) feel that there is not extra with you to
add.
It
is a planned approach to terminating a situation in a way that will maximize
benefit and/or minimize damage.
You
have to decide which situation is good or which situation is bad.
5 comments:
Boss is not the end of your career. Go beyond your boss's limitations to prove his views as irrelevant/ignorable.
If we are satisfied to the Boss business goals , why he is thinking the limitations ?
There is a saying Boss is always Right, so follow this as first step,2) think of his views,
bring a open discussion on your idea and set this in logically correction and proportion, 3) Still if there is difference wait for chance and talk on the subject when he is totally free.
4) Any last of all if there is a big gap of logically you are right, better tell him Good luck and good Bye, after the world is round there are 360 ways.
In any given organizational hierarchy, man rises to his level of inefficiency.
Corollary:For such a man,inefficiency is efficiency and efficiency is inefficiency. So all inefficient persons rise through the organization and efficient persons are pushed out.
Each departments have a quota for promoting as well as exit. Boss likes yes men around and hates men who points out his mistakes. Such people are dangerous for him. He targets such people for exit. That's your exit strategy. So he sets out accumulating evidence. and at appropriate time he pulls the rug under the person. What one should do?.
One gets the wind of such move when boss is in evidence gathering process. So start hunting for a job or look for self employment opportunity. The later is the best option if you are very good at your job. So you are ready with alternative career by the time boss gets ready.
Simple ... Say Thank you to him/her.And do needful(change yourself /find and change the job/adjust and accept the fact)..and most important don't fool yourself.
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