There will come a time when you have to fire an employee. Whether they can't get the job done anymore, or the requirements of the job have changed, there are situations when you have to let someone go.
Depending on who you talk to, there are several tips or best practices about how to fire an employee. Some of the examples I have heard include firing on the day the decision to do so is made and waiting until Friday.
When I could, I always gave notice when I fired someone. Being let go was never a surprise because I communicated with them along the way about their performance.
When the time came, I would tell someone their new job is to find a new job. I give them time, one month up to six months, to spend their working time looking for a new job.
When you fire on notice, it is important to give them a specific end date so they know when their last day at the company will be.
Now, if someone has done something inappropriate or illegal, do not give someone time. They will have to leave the company immediately.
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