Departing employees seems line a non-issue. Many people probably think, ‘Out of office, out of mind.’ But this is far from the case.
71% of organisations have no formal offboarding process, and 70% of organisations are only interested in dealing with resignations.
This lack of process around offboarding results in $300 million in lost revenue from employee theft, and $8.3 million in cyber security breaches– each year.
A formal offboarding process reduces these costs by following up employee provisions and removing access for disgruntled workers.
These figures only scratch the surface of the true cost involved in offboarding employees. Check out the infographic below to see the full story: