Take care of the employee’s family
We live in a world where it is extremely hard for a family to survive without regular monthly/weekly income. If an employee of yours passes away and leaves behind dependents, it is your moral as well as professional obligation to do what you can for his family. An employer can set a monthly pension for the deceased’s family so that they can smoothly run their day to day affairs. On top of that, a fund to assist child education would also be very helpful.
You can also create a joint fund for the deceased’s family so that all of his colleagues can also make contributions if they wish to.
You should allow all the colleagues of the deceased to attend his funeral and as an employer, you should also take part. If possible, you can help out with the funeral expenses. This will also go a long way in fostering a sense of security among the other workers as well.
Human resource is extremely important for the growth of any organization. Death is also a part of life and any one can meet the inevitable at any time. You must make sure that your business does not suffer in an employee’s absence because emotions and business must be separated. Work towards finding the right replacement for the deceased.