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Wednesday, August 20, 2008

You're Fired pt. 2

Another great reason to reexamine if you should invest more time, money and energy to help a low performer turn the corner is the fact that you will save the organization and your team the cost of turnover.

1. In many cases, there will be exit benefits.

2. There will also be the time, energy and money to interview and train their replacement.

3. There is also the cost of downtime that has to be factored in as a result of removing a staff person.

4. There is a relational impact upon the team and organization whenever there is turnover.