Knowing Who, When, and How to Fire

investor profile

September 15, 2022

by an investor from Harvard University - Harvard Business School in Toronto, ON, Canada

Firing somebody is a truly miserable experience, and unless you’ve done it yourself, you’re unlikely to appreciate just how miserable it is.

Perhaps this explains why so many CEOs don’t fire the people that they know they should, or at the very least why they so often defer doing so until the evidence points to only one remaining option.

Unfortunate at this reality may be, in this week's blog post, I will argue that firing (specifically knowing who, when, and how to fire) is a required core competency for any CEO, and is arguably as important as hiring, communication, capital allocation, and other tools within the CEO’s toolkit. The extent to which this is an unpleasant (and perhaps even unpopular) topic to discuss doesn’t negate its critical importance in building and sustaining a healthy and vibrant company.

For those who have had the unfortunate duty of having to fire somebody in the past, I'd be interested to hear your thoughts and reflections after reading this post, including if you disagree with anything contained within. Link below, I hope you enjoy.

This Will be a Hard Conversation: Knowing Who, When, and How to Fire

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Reply by a professional
from Concordia College, Moorhead in Minneapolis, MN, USA
If you need practice firing people, then have at it until you've satisfied your desire to do so. After that, you may want to leave it to someone who is better suited to do so. Esteemed businessman Harvey MacKay suggests that the CEO should never be her/his own hatchet man. https://harveymackay.com/never-be-your-own-hatchet-man/
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Reply by an investor
from Harvard University in Dallas, TX, USA
I got to the belief that for (in particular sales / revenue generation employees and assistants (executive assistant) its very close to when it first occurs to you. Generally you want them to succeed so much and you picked them and so want them to be successful , so firing them is essentially admitting you were wrong and when this occurs to you...the writing is on the wall. Better to allow them to move on and you to save a lot of emotional debt.
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