Startup Funding Espresso – Replacing Toxic Employees

Replacing Toxic Employees Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Toxic employees can have a detrimental impact on your employees, company culture, reputation, and revenue. It can be easier to find a new employee than to change an existing one. If behavior change doesn't work then one must replace the toxic employee. Here are the steps to making the change: Determine when you should let the employee go. You can either hire the replacement first and then let the employee go or fire the employee first and hire the new employee later. In many cases, it's important to remove the toxicity as soon as possible. Keep the employee change quiet and within a small circle of those who need to know. It's not required that everyone has a going away party. Be careful with public postings for the position and consider hiring from within. Interview candidates in a discreet manner so it's not clear to everyone that people are being interviewed. Discuss this with the toxic employee and indicate that it's time to separate. If you don't already have an employee policy procedure for employee departures, then now is a good time to create one for all employee separations. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let's go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected] Please follow, share, and leave a review. Music courtesy of Bensound.