Capitalize – Why Prioritizing ‘Offboarding’ At Your Company is Critical During the Great Resignation with Gaurav Sharma

RecruitingDaily Podcast with William Tincup

On today’s episode of the RecruitingDaily Podcast, William Tincup speaks with Gaurav Sharma from Capitalize on why prioritizing offboarding at your company is critical during the great resignation.

Offboarding has historically gotten far less attention. The employee is leaving. The incentive or the ability to invest time and effort may not be as great as it is for someone who's joining the company.

William and Guarav talk first about the current process, and the way that we should be thinking of offboarding.

Are employers beginning to see the importance of prioritizing the offboarding process, especially as attrition rates rise?

Some conversation highlights:

As people go from job to job at a higher velocity, the amount of time that they spend with one 401k or with one benefits platform is just shorter and shorter.

I think it comes back to why should employers and HR folks care about the offboarding process, and helping people with the offboarding process? We think there's a few reasons, particularly as it relates to the 401k.

What you don't want to see as an employer, HR or a benefits person is that employee squanders all of the hard work by making a bad decision at the point of job change. Cashing it out because they didn't know their options, letting it be subject to a forced rollover, or sort of leaving it behind and forgetting about it.

Taking care of people on the way out, word gets around.

If you help them leave in a really nice, positive way, I think it helps from an employer branding point of view, and that then helps you hire more people, right?

Tune in for the full conversation.

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