Online Issues > April 2005 > Golden Business Ideas
BY STANLEY ZAROWIN Say I
Quit Gracefully So you meet with your boss over lunch and tell him the news. You explain that you understand the delicacy of the situation and will handle company secrets in an honorable way, that while you certainly plan to compete for new clients, stealing old ones is out of the question. Feeling rather good about yourself, you look forward to your boss wishing you well and maybe even arranging a good-bye party. Think again. To your surprise he suggests you clean out your desk immediately and orders security to escort you out the door that afternoon. Worse, he makes it clear you wont be getting the yearend bonus you expected next week. What went wrong? Plenty. First of all, dont underestimate the reaction youll get if you move to a competitor. Your boss has the responsibility to envision the worst: not only that you might share company secrets with your new employer and steal customers, but even that you might sink so low as to try to lure colleagues to join you. And for that you expect a party? Youre lucky he didnt hit you with a noncompete lawsuit. Which brings up another sensitive issue: If you did indeed sign such an agreement, you should have spoken to your lawyer before accepting the new job and certainly before making your move public. Depending on how tightly the agreement is written, you may have no choice but to turn down that job. If your new employer is not a competitor, you may get that party and wishes of good luck. But dont count on it. Owners of small companies often identify longtime employees as family and interpret a resignation as a divorce. How should you handle the period between your announced resignation and your exit? If the company has been fair to you, dont spend it playing solitaire at your desk. Prepare detailed memos for your replacement listing the status of incomplete work and things that need to be done. If asked, help train a replacement. At the exit interview, resist bringing up old complaints or identifying those you view as incompetent. Its best to be diplomatic; after all, you never know whether youll want, or need, to return, or to ask your old boss for a recommendation if the new job doesnt work out. Of course, if your company regularly awards bonuses at fixed times of the year, dont announce your resignation until after the check clears. In other words, expect the best, but prepare for the worst. Empower Your Firm
With Express Mail STANLEY ZAROWIN, a former JofA senior editor, is now a contributing editor to the magazine. His e-mail address is zarowin@mindspring.com.
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