E.tv's COO quits following CEO Marcel Golding's resignation. Here are the eight items you must check when a key employee resigns
If you're looking for something as gripping as your favourite reality show, look no further than e.tv. What's happening there is the stuff reality shows are made of.
Earlier this week, the broadcaster's CEO, Marcel Golding resigned. This after e.tv's holding company Hosken Consolidated Investments (HCI) suspended him as executive chairman for allegedly buying shares to the value of R24 million without the board's authority.
The latest twist according to Tech Central is that e.tv's COO, Bronwyn Keene-Young, has quit following Golding's shock suspension and resignation.
Keene-Young, who is married to Golding, reportedly handed in her resignation on Wednesday in a strongly worded letter that slams e.tv chairman John Copelyn. The letter exposes the extent of the breakdown in relations between Copelyn and Golding, who founded the free-to-air broadcaster together.
From a labour law perspective, this saga has cast the spotlight on resignations.
If a key employee resigns in your workplace, make sure you check these eight items...
With 83 forms, 87 templates and 17 checklists at your disposal, NO HR issue, labour query or health & safety concern will ever cause you sleepless nights again
*********** Advertisement ************
to discipline, hiring and firing, dealing with compensation for injuries in the workplace, the 189 documents you'll find in the A-Z of Master Forms and Templates
will show you what you need to do and which forms you'll need to have on hand to deal with every employee issue you can think of.
Click here to read more…
Eight items you must check when a key employee resigns
Ask the employee to confirm his resignation in writing, if he hasn't already.
Make sure his resignation's clear, unconditional and unambiguous.
Accept his resignation in writing.
Clarify any issues relating to his notice period.
If you don't want to pay him notice pay in lieu of him working his notice period, make sure you agree to this.
Calculate termination pay. Remember to use his remuneration and not his basic salary.
Check on restraints and confidentiality undertakings.
Make sure he returns all your company's property.
Knowing what to check when an employee departs will help ensure you deal with resignations
PS: For more information on what to do during resignations, check out Labour Law for Managers Loose Leaf Service.