Hiring Well Doesn’t Happen By Accident
Hiring Well Doesn’t Happen By Accident Stories like that of Scott Thompson, former CEO of Yahoo who was let go after he falsified his academic credentials, are a reminder of the challenges business owners face when hiring new employees.
Here are some tips to keep in mind when hiring a new team member:
So, you've hired the potential employee of your dreams, however that person is just not working out and you think it is time to part ways. What do you do next?
Firing Someone Isn't Like You See On TV:
Before you pull a Donald Trump, remember that following a few steps during an employee termination can save you an awful lot of future headaches (and potentially money as well).
A company can terminate anyone they wish. However, if it is a "not for cause" termination, you will be required to pay termination notice and potentially severance (if employed for longer than five years).
If you want to terminate "for cause", make sure you have grounds and documentation that will support terminating that employee. Some examples of grounds for a "for cause" termination are:
Although all these are valid reasons for termination, there are many factors that come into play when firing an employee that may increase the dollar amount of your termination package exponentially:
Important:When deciding on termination for cause, it always makes sense to seek professional advice to ensure that you are not making matters worse by stepping into a wrongful dismissal suit.
Want to learn more?Need to know the best practices for hiring employees effectively, changing terms of employment or understanding "for cause" vs. "not for cause" terminations?
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