Succession Secrets

022 - Fire with Compassion


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I just had a session with a client, who is aggravated for having to fire a couple of her employees.

Firing is tough, but it is required for high-performing teams.

  1.  It weeds out non-performers
  •  It “rewards” high-performers,and
  • It puts medium performers “on notice”
  •  Jack Welch instituted the 20:70:10 firing policy for each GE departments.  It served GE well.

     Firing is healthy even for high-performing teams

    • It keeps the leader engaged
  • It facilitates “fresh blood” to constantly flow into the workplace
  • It eliminates complacency
  • Firing is often good for both employer and employee.  The former can maintain a vigorous workforce, the latter can move on to a fresh start sooner, armed with lessons.

    Firing doesn’t have to be negative, if it is done with COMPASSION.

    I have shared on the show my own personal stories of having to fire people and having been fired myself and how positively it turned out in each case.

    It is OK to fire of you CARE about your employees and help them find a positive path.

    Question of the Day:  What is your positive firing story?

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    Succession SecretsBy Steve Preda

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