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In these conversations, the leader’s role is not to be the advocate of the organization (“Please stay!”) but the advocate of the smart creative who is thinking about leaving. Many employees, particularly the younger ones, tend to think in terms of shorter time frames (perhaps still attached to the rhythms of a school year). They can overreact when they hit a bump in the road, and relish the days when they could start each semester with a clean notebook and no grades yet recorded. Help them take a longer-term perspective. How could staying at the company ultimately position them for much
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Sometimes that person will negotiate with an either/or threat: “Either do this, or else I’m out of here.” When that happens, the game is usually already over, since someone who operates that way is not emotionally attached to the company anymore and is unlikely to rebuild that commitment.
The first thing you should do when a valuable employee tells you he is leaving is try to change his mind. The second is congratulate him on the new job and welcome him to your company’s alumni network.”
So always keep in mind, from the outset, that the best way to avoid having to fire underperformers is not to hire them.