Resignation Notice : Employees initiate the exit process by submitting a formal resignation letter to their manager and the HR department. This letter should clearly state their last working day and any pertinent details regarding their departure, which triggers the formal exit procedure and enables us to plan for their transition.
Acknowledgment : Upon receiving the resignation letter, the HR department promptly acknowledges it and begins the exit process. This step includes confirming the employee's last working day and providing them with an overview of the subsequent steps, ensuring clarity and transparency.
Exit Interview : An exit interview is conducted to gather valuable feedback on the employee’s experience with Prime Source Worldwide. This conversation helps us understand the reasons behind their departure, identify areas for organizational improvement, and gain insights to enhance the experience for current and future employees.
Knowledge Transfer : The departing employee must transfer their duties and knowledge to colleagues or a designated successor to ensure a smooth transition. This step is crucial in maintaining workflow and preserving institutional knowledge, ensuring a smooth transition for the team.
Asset Return : Employees must return all company assets before their last working day, including items like laptops, ID cards, mobile phones, and other equipment issued during their tenure. HR will provide a detailed list of items to be returned, ensuring accountability and proper handling of company property.
Final Settlement : HR processes the final paycheck, which includes calculating any outstanding dues, bonuses, reimbursements, and unused leave. This ensures that the employee receives all financial entitlements, providing a clear and accurate final settlement.
Clearance : The employee completes clearance forms, obtaining necessary signatures from relevant departments. This includes confirming the return of assets, resolving any outstanding tasks, and finalizing all administrative aspects of their employment.
Farewell : To acknowledge the employee’s contributions and bid them farewell, a formal farewell event may be arranged. This gesture reflects our appreciation for their time and efforts, reinforcing the positive relationship between the departing employee and Prime Source Worldwide.
Outplacement Services : Prime Source Worldwide offers comprehensive outplacement services to support employees facing job loss. Our assistance includes career counseling, resume and cover letter help, interview practice, and job search strategies. This helps individuals secure new employment quickly and manage unemployment stress effectively. Our commitment to employee well-being enhances our company's reputation, mitigates legal risks, and maintains morale among the remaining staff.
