handout mgt 321
TRANSCRIPT
![Page 1: Handout Mgt 321](https://reader036.vdocument.in/reader036/viewer/2022082907/577ccde51a28ab9e788cdafa/html5/thumbnails/1.jpg)
NAME : NISHAT TASNIM ID : 1211007030
Hire Slow, Fire Fast
For the entire presentation and report, I have chosen a particular topic from the chapter titled
‘Personality and Values’ and that is: ‘Person- Job fit.’ From my perspective, it is an important
topic to work on because it reflects the impact of an individual’s personality on his job
performance. Linking an individual’s personality to the type of job he undergoes is one of the
most crucial parts of hiring- often ignored by the top level managers and recruiters.
The article I worked on was collected from Harvard Business Review, dated March 3, 2014. The
author was Greg McKeown and it titled, ‘HIRE SLOW, FIRE FAST’. The author claimed that
the leaders have the tendency to hire fast and fire slow where it had to be just the opposite. In
most cases employers hire in a hurry with the urge to fill the new roles and a bias for speed
combined with the high growth drives. They simply put emphasis on skills and competence
rather than focusing on a candidate’s personality trait. Later when it is necessary to fire any
underperforming employee, they are too slow either because they are busy or they want to avoid
the unpleasant firing conversation.
The article has an example of a company, Silicon Valley, which had a massive lay-off due to its
hiring wrong persons during its undisciplined growth. Later on it became a 700-person company
with more than a billion dollars of annual revenue by taking corrective actions and careful
organizational design. The CEO along with her 35 executives followed slow and effective hiring
process triggered by a fast firing process.
The author argued that for three reasons this approach is more compassionate than the
alternatives. First, it serves the world economy with healthy, growing companies capable of
sticking around for the long run rather than bureaucratic companies that will slowly die. Second,
it isn’t compassionate to keep one person, rather it emphasizes the overall success of a team as a
whole. Third, it creates the way to get the right person for the right job. The tagline of this point
is, ‘trying to force someone to be something they are not is neither sustainable nor humane.’
![Page 2: Handout Mgt 321](https://reader036.vdocument.in/reader036/viewer/2022082907/577ccde51a28ab9e788cdafa/html5/thumbnails/2.jpg)
NAME : NISHAT TASNIM ID : 1211007030
The “hire slow, fire fast,” process start by being absurdly selective in who is hired. This
enables the employer not only to focus on the job skill related issues, but also put emphasis on
the candidates’ personality to achieve the ‘natural fit’ for the particular job. For instance, Mark
Adams, the MD of Vitso (a furniture collection), approaches hiring with incredible selectivity. In
addition to multiple interviews, he and his team have prospective employees come and work
with them for a day see each other as naturally as possible. This complex process might get
criticized by lots of candidates and there may occur shortage of possible candidate pool. But
Mark believes it is better to be shorthanded than to hire the wrong person.
At the end of the article, the author has put emphasis on taking the firing decision rapidly and
wisely. From his point of view, where the problem is a basic personality clash, endless rounds of
feedback and a painful performance improvement plan is not the solution. The writer ended the
article by urging that the firing process should be humane and as friendly as possible.
The article reflects the concept that only skill and competence are not the only things that bring
in efficient job performance. For a job to be performed better, an employee has to be the natural
fit for the job by his specific personality and specialty.