Startup Employee Exit Checklist
Startup Employee Exit Checklist
When the time comes for an employee to leave the startup environment, it's crucial to ensure a smooth and professional transition. This checklist will provide a comprehensive guide to manage the exit procedure efficiently.
I. Administrative Procedures
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Official resignation letter received and recorded
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Resignation accepted and documented
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Exit interview scheduled
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Employee's last working date confirmed
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Replacement/transition plan created
II. Financial Settlement
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Compute final salary and benefits
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Tax deductions reviewed and confirmed
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Company assets returned (Laptop, phone, access card)
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Release of final settlement letter
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Exit formalities completed with HR
III. Confidentiality and Legalities
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Confidentiality agreement reinforced
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Reiterate non-compete clause (if applicable)
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Reminder on intellectual property rights
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Any legal matters finalized or discussed
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Return of any company-specific legal documents
IV. Company Access
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Email and digital accounts deactivated
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Physical access to company premises revoked
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Removal from company-wide communication channels
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Company asset tracking and return confirmed
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Updated all software and tools permissions
V. Feedback and Farewell
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Conduct exit interview and document findings
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Present opportunity for the employee to provide feedback
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Deliver farewell and recognition
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Evaluate lessons to be learned and update HR policies accordingly
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Maintain positive relationships for future networking