Robert Half International surveyed 1400 Chief Financial Officers in regards to under-performing employees and found that the CFO’s spent nearly 17%, or basically one day a week, managing under-performing workers. This means that not only are you losing money on the under-performing employee, you are also losing cycles of time with your administrative department while they deal with the issue of the employee.
Paul McDonald, Senior Director for Robert Half, suggests doing seven things, and doing them quickly, to stop losing money on under-performing individuals. You should plan an in-person meeting (don’t do this over the phone), be prepared for the meeting, make sure that the facts are clear, listen to the employees side, document everything, be fair in your judgment, and recognize improvement as/if it improves. You can read the article here.
We would like to hear how you have handled an under-performing employee. Were you able to turn the situation around? Did you find other steps to alleviate the problem? Please post your comments below.
At Managepoint, we help small and medium businesses with their human resources needs. From payroll to benefits to training to administrative solutions, we are your human resources partner. Call us today for more information on how we can help your company be more productive.