Heard of a 'deferred resignation'? It's a relatively new concept where an employee, instead of immediately quitting, agrees with their employer to improve performance over a set period. Think of it as a performance improvement plan (PIP) with a unique twist: the resignation is already on the table.
So, what is it really? It's an agreement. The employee gets a chance to turn things around, often with extra support and clear objectives. The company benefits by potentially retaining a valuable employee and avoiding the immediate disruption of a resignation.
However, it's not a magic bullet. Transparency and honesty are crucial. The employee needs a realistic chance to succeed, and the company needs to be committed to providing genuine support. If successful, the resignation is withdrawn. If not, well, the original plan kicks in. It's a high-stakes game for both sides!
