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Key employee quits ... and we were not prepared!

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Real Estate Agent with Allison James Estates & Homes, Sarasota 941-957-3737

Business is good, everything is running smooth, then one of my key employees (that has been with me from the beginning, before our business exploded), notifies me that she is giving two weeks notice.  No problem ... my key employee is willing train her replacement, except ...

Ultimately the replacement does not work out (and makes matters worse) and the person that replaces her, does not work out either.   Now what?  We are in Big Trouble because we don't have time to train someone new nor do we know what to train a future employee to do in the position. 

What did I learn ...  You have to run your business like a business and need systems and checklists in place for everything and everyoneto understand, and have a backup plan for the unexpected.  No one employee should ever be in a position of holding your business hostage.

What did I do...   I took over the job myself and learned all the aspects of the job as I documented what I learned into an "Employee Reference Manual".  From this, I now have my training manual and backup plan for future employees totake over this job.   My business is no longer dependent upon someone elses knowledge of things that are vital to our business, that no one else in our business understands.  We now have a back-up plan and training manual, if and when we are ever faced with this challenge again. 

Troy Funk, Keller Williams Realty on the Water, Sarasota, FL

www.SarasotaRealEstateGallery.com

 

 

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For more information on Short Sales in Sarasota and Foreclosures in Sarasota, please CONTACT USWe have over 25 years experience in real estate, and have been highly successful in negotiating short sales in Sarasota County & Manatee County, Florida.

Troy Funk, CDPE, SFR
Sarasota Certified Distressed Property Expert
Sarasota Short Sales & Foreclosures Resource
Florida Licensed Real Estate Agent

Allison James Estates & Homes
665 S. Orange Ave. #2
Sarasota, FL 34236
(941) 365-8769
Troy@FunkFL.com

SarasotaShortSaleNEWS.com

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Sonja Patterson
Keller Williams - BV - College Station, TX
Texas Monthly 5-Star Realtor Recipient for the Hou

Troy,

I hope you are able to hire another winner soon!!

May 30, 2010 05:41 PM
Pat O'Reilly
RE/MAX..214-289-6176 Irving and all of Dallas Fort Worth - Irving, TX

Troy..it is easy to get away from systems and checklists but you are right...it is needed...

May 31, 2010 01:35 AM
Wayne B. Pruner
Oregon First - Tigard, OR
Tigard Oregon Homes for Sale, Realtor, GRI

Hi Troy, I always think it is important to understand why a key employee leaves. I would suggest having exit interviews. Don't talk. listen, and hope for frank answers. Regular employee evaluations also tend to lessen these surprises.

Jun 01, 2010 05:21 PM