204 - When You Know They Need To Go: Firing Employees The Right Way The Cash Flow Contractor podcast

204 - When You Know They Need to Go: Firing Employees The Right Way

2M ago 26:21

Content provided by Benali, Khalil Benalioulhaj, and Martin Holland. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Benali, Khalil Benalioulhaj, and Martin Holland or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Struggling with letting go of underperforming employees? Dive into the emotional and financial complexities of letting go and learn about the importance of hiring slowly and firing quickly. Tune in!

Time Stamps

00:23 - Episode Intro
01:21 - The Human Side of Firing
04:01 - The Impact of Personal Relationships on Decision-Making
06:02 - Objective Metrics vs. Subjective Feelings in Firing Decisions
08:23 - The Importance of Core Behaviors and Objective Evaluation
15:33 - The Business Impact of Removing Underperforming Employees
20:02 - Making the Uncomfortable Decision for Business Health
22:12 - Building a Winning Team Culture
23:46 - Hiring Slowly, Firing Quickly
25:43 - Episode Outro

Quotable Moments from the Episode

"When you're firing somebody, you're telling them they're no good. They don't measure up. And people don't want to do that to people.” - Martin Holland
“Your profit or loss is pretty much tied up in how well your labor does. Everything else matters, but labor is the one where you get it right and it goes well, get it wrong and it blows everything up.” - Martin Holland
“It's okay to let go of a great person if it means a healthy business, in my opinion. - Khalil Benalioulhaj

Resources

CFC Episode 070 - When You Know They Need to Go
When You Know They Need to Go: Firing an Employee
Need Marketing Help? We Recommend Benali
Need Help with podcast production? We recommend Demandcast

More from Martin

More from Khalil

More from The Cashflow Contractor

Subscribe to our YouTube channel
Follow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)
Visit our website
Email The Cashflow Contractor

210 episodes

Struggling with letting go of underperforming employees? Dive into the emotional and financial complexities of letting go and learn about the importance of hiring slowly and firing quickly. Tune in!

Time Stamps

00:23 - Episode Intro
01:21 - The Human Side of Firing
04:01 - The Impact of Personal Relationships on Decision-Making
06:02 - Objective Metrics vs. Subjective Feelings in Firing Decisions
08:23 - The Importance of Core Behaviors and Objective Evaluation
15:33 - The Business Impact of Removing Underperforming Employees
20:02 - Making the Uncomfortable Decision for Business Health
22:12 - Building a Winning Team Culture
23:46 - Hiring Slowly, Firing Quickly
25:43 - Episode Outro

Quotable Moments from the Episode

"When you're firing somebody, you're telling them they're no good. They don't measure up. And people don't want to do that to people.” - Martin Holland
“Your profit or loss is pretty much tied up in how well your labor does. Everything else matters, but labor is the one where you get it right and it goes well, get it wrong and it blows everything up.” - Martin Holland
“It's okay to let go of a great person if it means a healthy business, in my opinion. - Khalil Benalioulhaj

Podcasts Worth a Listen

The Cash Flow Contractor « »
204 - When You Know They Need to Go: Firing Employees The Right Way