MBA813 Q&A Weekends: How do you know it’s time to let go a low performing employee?

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.9 • 1.2K Ratings

🗓️ 20 November 2016

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Letting an employee go is almost never easy. But when someone isn't adding the value you're paying them for, it's got to be done. For today's Q&A session, we help one listener figure out when it's time to say goodbye, and how to make sure it's the right decision.

Transcript

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0:00.0	Hey, welcome to the $100 MBA show and today is a Q&A Weekends episode where we answer your question right here on the show.
0:17.0	If you have a question you want to ask, just email us at support at business republic dot net.
0:21.0	We would love to answer your question here on
0:22.8	Q&A weekends. Today's question is from Dave. And Dave asks, how do you know it's
0:28.4	time to let go a low-performing employee? That is definitely a tough situation and it's definitely
0:34.4	something you have to learn how to do. How to let go of people that are just not
0:38.2	pulling their weight. It's bound to happen as you're building your business.
0:41.4	Unfortunately, we had to do this in our
0:43.8	business a few times already. It's never fun but it has to be done. But the
0:48.2	question is how do you know when? How do you know you've given this person
0:51.8	everything you can?
0:53.0	You've given them a fair shot and it's just time to say goodbye.
0:56.5	That's what we get into in today's episode.
0:59.0	What are the signs?
1:00.0	What are the things you can do beforehand to make sure you doesn't get to that point?
1:04.0	And when do you know for sure it's time to let them go?
1:07.9	Let's get into it.
1:08.9	Let's get down to business. Today's episode of the 100 dollar MBA show is sponsored by TopTow.
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1:32.0	and present you the best of the best.
1:34.5	Give them a try with a 14-day free trial with the special link.
	...

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