"The best way to fire somebody is to compassionately fire them." And quickly.
Woodman says that as soon as you know that it's not going to work out with an employee, it's imperative to take action immediately.
One employee can make a huge difference in the morale of a company, says the founder. If that person is the wrong fit, other employees will suffer as well.
"The worst way to fire somebody is to let it drag out. It's not good for that person because they're not succeeding in their role. And it's not good for the organization because it's just not working."
Want your business advice featured in Instant MBA? Submit your tips to firstname.lastname@example.org. Be sure to include your name, your job title, and a photo of yourself in your email.
More From Business Insider
- If You Aren't Getting Inspired On Vacation, Consider Making Some Changes
- Young People Need To Slow Down
- Great Leaders Are Also Great At Telling Their Life Stories