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When to tell your staff about the sale?

When to tell your staff about the sale?

The proper timing is the most important thing when it comes to telling staff that you’re selling your business. But this doesn’t mean you will tell every employee in the company about the business sale at the same time. There are different staff levels that will need to get told at different points throughout the sale.

How do I tell my employees I’ve sold the business?

Begin by explaining to your employees that while you have enjoyed working there and watching them and the business grow and thrive, you are moving on. Be honest and tell them why. If you are burnout and want to try something new or take some time off, most people can understand that.

How to explain changes to employees before closing?

Once the business has closed and you have your cash in hand, there are ways you can explain the upcoming changes to your employees in a way that will breed positivity for all parties involved. Do not jump the gun and reveal anything to your employees prior to the deal closing.

How to get employees to show up on time?

If you’re not actively communicating that you expect employees to show up on time, they may think you don’t care if they’re late. Make sure the employee handbook spells out the expectations about work hours and arriving on time and remind employees of those expectations on a regular basis, such as in staff meetings.

How often do employees show up late for work?

Employee lateness is a widespread problem. A 2016 survey by CareerBuilder found that one in four employees admits to showing up late for work once a month, whereas 13 percent of employees say it’s a weekly occurrence.

Why do some employees speak out about jealousy?

Jealousy can manifest itself in many ways, but most often, angered employees will speak out (either within earshot or to other employees) about their hurt feelings. They want to feel valued and misperceive your action as an intentional slight.

Can a hostile workplace extend past business hours?

A hostile workplace can extend past business hours as well. Employers have an obligation to address behavior such as a person sending harassing texts or messages to a co-worker in the evening.