236 - Reluctant Firing: Why You Won't Let Them Go

The Cash Flow Contractor

Struggling with whether to keep or release an employee? In this episode, we tackle the hard truths about terminations, cultural impact, and why the right move might be the hardest one.

Time Stamps

• 01:44 - Introduction and Initial Dilemma
• 02:08 - Immediate Action vs. Strategic Replacement
• 04:02 - Consequences of Delaying Termination
• 05:56 - Cultural Impact and Employee Morale
• 09:58 - Challenges & Considerations When Firing An Employee
• 13:51 - Performance Plans and Coaching
• 17:35 - Reasons to Consider When Firing an Employee
• 24:54 - Implementing Change and Upholding Standards

Snippets from the Episode

• " What is the benefit of waiting? If it's that you think they'll change, the preponderance of the evidence says, no, they won't.” - Martin
•  You're suffering and you're not replacing. You've still got a square wheel out there. You've got to get a round wheel.” - Martin
• “Nothing to ruin a good employee faster than you tolerating a bad one.” -Martin
•  ”Performance plans don't work, unless the performance plan is for the manager.” -Khalil

24 Things Construction Business Owners Need to Successfully Hire & Train an Executive Assistant

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