Is It Time To Hire Or Fire An Employee? Know When!

There comes a time in your business when things are not really in good shape. Either the working conditions are getting worse, the organizational policies and processes have become stale or the growth is stagnant and you are way past your best! But, have you wondered what your workforce could be substantially responsible for this slow downfall? Yes! Sometimes employees can also be a huge reason behind your business facing such hardships and the numbers going down. Thus, it is extremely crucial to recognize loopholes in employee management and take action as soon as possible. Broadly speaking, two major solutions are discovered when performance deterioration issues arise and employees are found guilty for the same-

  • There is a need to recruit new employees
  • There is a need to terminate unproductive employees

Signs That It’s Hiring Time: 

If Employees Are Overworked

The work should be equally and fairly distributed, failing which the employee attrition shoots up. To avoid your staff from being overloaded with work, it is necessary to recruit new ones as the business grows and keeps the employee satisfaction rate balanced. 

When Employees Are Underperforming

At times, when the KPIs are not clear, employees tend to get negligent of work, thereby turning unproductive. Ultimately, both the quality and quantity of work is compromised. In such situations, you can either shuffle and reallocate responsibilities based on skills or download a share a standard warning letter format, thereby starting to hire a new and better workforce. 

In Case You Are Multitasking

When a business is in its growing stage, employers tend to do all of the work themselves which takes a toll on their own role. It is better to avoid multitasking and recruit specialists for specific domains depending on the requirement. 

For Business Expansion Purposes

Now, this is the most valid reason for multiplying your employee base. There is a dire need to increase the workforce count so that you do not miss out on any growth opportunity because of fewer professionals working with you. 

Signs That It’s Firing Time: 

If Unproductivity Is At Its Peak

Employment termination is a huge step and demands a strong reason to back it up. Neglecting minor performance lows, if the overall productivity of your employees is continuously deteriorating, you can share a warning letter and in the worst case, simply ask them to leave.  

When You Are Badly Broke

Sometimes SMEs cannot afford to manage a large number of employees, especially when the output is also not impressive. You can define certain targets to be met and whoever fails to achieve, can be fired with prior notice so that he/ she can look for another job. 

In Case They Get On Your Nerves

There is always that group that creates negativity and promotes chaos in the team and in the organization. You need to stay away from such growth inhibitors! Again, do not tolerate indecent/ unprofessional behavior and give them a termination letter straight away. 

If An Infringement Is Reported

Policies and procedures of an organization are clearly mentioned in the appointment letter which employees agree to follow after being hired. So, if any law/ policy/ code is infringed or a punishable/ criminal offense is reported, you have every right to fire the guilty.

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