It is often stated that the most important assets to any business are its People – the employees. But when an SME owner decides that they will be exiting their business, it will impact those very employees in a variety of ways. If these implications are not anticipated and then effectively managed in advance, it is likely to have adverse repercussions; for the performance of the business, for its ongoing valuation, and, for the employees themselves. All of which can leave the departing owner frustrated, disappointed and with feelings of guilt for the employees left behind.
It is imperative, therefore, that Owners invest time in preparing and implementing an impactful and legally compliant People Plan as part of their overall exit preparations.
This engaging session will explore the key components of an effective People Plan by covering 3 key elements:
- The critical legal questions that need to be considered
- The key People processes that should be in place
- How to navigate People through the upcoming change
By the end of this session, attendees will have a deeper understanding of what they need to do to develop a considered People Plan ahead of exit.