When Should You Let Someone Go? Are Guenther’s days numbered?
Episode #275 // One of the most common questions I field from our leadership community is, “Marty, how much time should I give someone when they’re not performing, before I make the decision to let them go?”
Like most questions in business, the answer is, “It depends”. Your job, as a leader, is to work out what it depends upon, and to position yourself to make a decisive judgment call in any situation.
In this episode, I take a look at the example of the Haas F1 Racing Team, and its principal, Guenther Steiner, who has led an underperforming team in a high-performance sport for almost 10 years.
I also discuss some of the dimensions of performance and behavior that you’ll need to think about when you’re deciding what to do with an under-performer.
But, most importantly, I give you one of the most valuable free resources I’ve ever produced: my six-step framework for making what are often incredibly difficult decisions about your people.
It’s never an easy thing to decide to let someone go, but if you stick your head in the sand when you’re confronted with an under-performer, your team will inevitably become mediocre: your poor performers will stay, and anyone decent who wants to be on a winning team will find other alternatives!
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In the course we cover:
- Targeting the right opportunities
- Mobilizing your network
- Preparing for the interview
- Asking the right questions
- Evaluating a role
- Negotiating your package
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