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Fans of the Great British Bake Off are still reeling from the news it will move from the BBC to Channel 4, without presenters Mel, Sue or Mary Berry. Andrea Nicholls, founding partner of AN Law, examines how employers should react when there's a risk of key people leaving, and if there is anything they can do to mitigate losing top talent.
The news that the Great British Bake Off has been poached by Channel 4 has left many fans wondering whether or not the hit programme will follow in the footsteps of Top Gear and flounder without its usual line-up.
Presenters Mel Giedroyc and Sue Perkins, collectively known as Mel and Sue, quickly stated that they “won’t be going with the dough” and will remain with the BBC.
And now judge Mary Berry has stated that she will not follow the show to Channel 4 out of "loyalty" to the BBC. Only Paul Hollywood, the show's other judge, is retained as the show changes channels.
The Bake Off scenario will resonate with many business owners who are fearful of losing key talent they regard as critical to their business.
Indeed, the repercussions of losing a team player can be significant especially if there is a risk that clients, customers or suppliers will seek to follow them – not to mention other team members.
So how can a business look to retain key talent? Legally, there is nothing an employer can do to prevent an employee leaving, and for many employees it is the case that “money talks".