Hi,
An organization must strive to keep people who are happy to be working with them. So, if the employee wants to leave, let him go his way.
The frustration is probably since you considered him for long leave. If he comes back and puts in his papers, you could consider the leave taken as loss of pay.
Working in an organization and chosing to move on, is a purely professional decision, and we,in HR, should not be emotional about employees who want to move on. I believe that it is in everyone's best interests to shake hands and wish him well. This way, there is no loss of good will. Ex-employees are brand ambassadors and can affect the way an organization is seen.
Also, in a lighter vein, if we, in the IT industry, terminate every employee who attends interviews after applying leave, we will have no employees left!!
Wishing you all the very best!!
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