Rules for Effective Hiring — and Firing

HBR IdeaCast

Harvard Business Review

Leadership, Entrepreneurship, Communication, Marketing, Business, Business/management, Management, Business/marketing, Business/entrepreneurship, Innovation, Hbr, Strategy, Economics, Finance, Teams, Harvard

4.4 • 1.9K Ratings

🗓️ 25 February 2020

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joel Peterson, chairman of JetBlue Airways, has spent a career leading teams, building businesses, and managing people at every level. Along the way, he's learned valuable lessons about the best ways to bring on new talent – as well as when and how to let people go. He also teaches at the Stanford Graduate School of Business and is the author of the book “Entrepreneurial Leadership: The Art of Launching New Ventures, Inspiring Others, and Running Stuff.”

Transcript

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0:00.0	Hey everyone it's Kurt we need your help with our annual survey this is your last chance to help us get to know you so we can make idea cast even better for you
0:09.8	it's easy just go to HBR.org
0:13.0	podcast survey.
0:15.0	Again, that's HBR.org slash podcast survey.
0:19.0	And, thanks for listening. Welcome to the HBR Ideacast from Harvard Business Review. I'm Allison Beard. We're talking today about some of the most important decisions a leader makes, hiring and firing. It can be the best
0:54.9	news you'll ever deliver. I think if I had a catchphrase it would be you're
0:58.4	hired and you can work here as long as you want. I said to myself go ahead take a chance hire the smart fat girl. I just
1:09.1	want to be a broom boy so bad. I like your attitude you're higher. How about you missy you want to be a
1:14.9	mop girl not really now I like your honesty you're hired and you two haven't said a
1:19.8	word I like that you're hired but letting someone go is a hard job I think I hear what you're saying but I don't think you're saying what you mean yeah I don't think you hear what I'm saying you're fired third prizes you're fired
1:31.6	Okay, kiddo, fire me.
1:33.6	Brian, how listen, she's going to be doing this on a regular basis.
1:36.0	Don't you want to know if she could fire somebody?
1:37.6	She's fired Ned.
1:38.6	My dog could fire Ned.
1:39.8	Fire me.
1:40.4	You don't need to do this.
1:41.2	No, it's okay.
1:42.4	I got this.
1:43.0	Our guest has spent decades working as an executive and advisor to companies of all sizes in a variety of industries,
1:49.0	and he's developed a few rules for hiring and firing well.
1:52.0	He's had to do a lot of both and says that
	...

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