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🗓️ 15 June 2023
⏱️ 18 minutes
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It’s a difficult scenario, but it’s all too common: You have people on your team who simply don’t measure up. They may have poor results, or perhaps they don’t reflect your core values. Either way, something needs to be done. You may even need...
The post Ep. 287 – How To Know Who To Keep And Who To Fire appeared first on COO Alliance.
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0:00.0 | If you're going to fire somebody, the reason you're doing it is because the cost of keeping the wrong people is 15 times their annual salary. |
0:05.8 | The data on this is true. |
0:07.7 | If you have a person who you know culturally doesn't fit or isn't getting the work done, |
0:11.7 | it's costing you 15 times a year, 15 times their salary to keep them. |
0:15.9 | You have to make the cut. |
0:17.2 | You have to do it in the right way. |
0:18.7 | Getting someone off the bus, you have to do it in the right way. |
0:21.4 | We've all heard of the golden rule, right? |
0:22.6 | Treat people how we'd like to be treated. |
0:23.9 | The platinum rule is treat people |
0:25.0 | how they'd like to be treated. Welcome to the Second in Command Podcast, produced by the |
0:35.4 | C.O. Alliance and brought to you by its founder, Cameron Herald. In the |
0:40.3 | Second in Command Podcast, we talked to top COOs who share the insights, strategies and |
0:45.9 | tactics that made them the chief behind the chief. |
0:49.4 | And now here's your host, Cameron Herald. |
1:01.2 | In today's episode, we'll tackle a tough issue, knowing who to keep and who to let go. |
1:03.5 | It's a scenario many of us face, having team members who don't meet expectations |
1:06.0 | or align with our core values. |
1:08.0 | Sometimes tough decisions like firing them |
1:10.5 | need to be made. |
1:11.5 | We'll check the difference between job descriptions and scorecards. |
1:15.0 | It's crucial to have clear expectations and measurable goals for your team members. |
... |
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