022 - Fire with Compassion
I just had a session with a client, who is aggravated for having to fire a couple of her employees.
Firing is tough, but it is required for high-performing teams.
It weeds out non-performers
It “rewards” high-performers, and
It puts medium performers “on notice”
Jack Welch instituted the 20:70:10 firing policy for each GE departments. It served GE well.
Firing is healthy even for high-performing teams.
It keeps the leader engaged
It facilitates “fresh blood” to constantly flow into the