The Law Firm Blueprint S3:E5: Departing Employees

Join Seth and Jay as they discuss when to counter a departing employee's offer and how to calculate it. People are starting to look for new places to work more and more, and they speak as business owners about when they respond to this ongoing issue. Younger generations are spending less and less time at the same job, so hiring new people, training them and replacing the employee is an entire process. This begs the questions, when is it worth it to replace and retrain an employee? With more and more employees opting to work virtually, there is a difference in opportunities and continued growth for employees. Employees often move when their pay is different than market or if they feel undervalued. It's important to keep employees happy by listening to their needs and increasing pay at a rate that makes sense for their new trainings and skills as their value increases in your company.