Management Clinic: Fending off invaders
A rival has offered one of my employees a very appealing contract and has offered to buy out the rest of their contract with my business. The employee is a vital member of my team: how can I change their terms quickly?
The rival firm, clearly keen to have your employee work for it, has offered substantially favourable terms and so it might well be outside your grasp for several reasons to retain this employee: you do not know the circumstances behind the proposed move.
The first port of call when attempting to retain staff is likely to be improving their financial package, so giving a pay increase is a good start and one that constitutes a variation to the employee's terms and conditions of employment. Changes
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