It’s often said that staff are a company’s greatest asset. Not everyone will agree, and if your employees aren’t living up to their initial promise, you may well find yourself tempted to do some sacking and start again with new ones.
Dismissals are sometimes unavoidable, but on the whole, it’s always better to stick with your current employees than to ditch them and find new ones. Here are five reasons why:
Job hunting is no barrel of laughs, but finding someone to fill your own vacancies can be even more frustrating. You’ll have high hopes at first, but if your dream candidate hasn’t materialised after a few weeks, you’ll soon lose your enthusiasm for the whole process. You might well regret getting rid of your problematic former employee in the first place – at least they had the necessary qualifications!
Even the most outstanding new prospect will most likely require a little training, and if you’ve already put a lot of time into training your current employees, it makes more sense to keep trying with them than to go back to square one with somebody new. Don’t let your efforts thus far go to waste!
Admittedly, if you’re on the brink of sacking someone, that person probably isn’t all that committed to your cause anyway. But even your least productive employees will probably have some sense of company loyalty; the person who has been with the business for a couple of years will almost always be more invested than the person who’s only just started. Loyalty is a rare commodity, and it should never be thrown away.
- The Team
This point is especially pertinent for small companies. Once your staff members have been working together for a little while, they will form a tight-knit group, and introducing a newcomer to the group will sometimes leave the newcomer feeling alienated. It’s even harder for a new person to integrate when they’re taking somebody else’s place; if your remaining employees were fairly fond of their ex-coworker, they might not be all that welcoming towards their replacement.
- Your Competitors
What does a person do upon losing their job? Some will use the opportunity to re-invent themselves and try their hand at something completely new, but countless others will simply look for similar work elsewhere. Unless the person you’ve just dismissed wants to relocate or swap careers entirely, they’ll probably try for a job with a local company in the same industry as you – i.e. one of your competitors. And since that person has worked for you, they’re probably capable of telling their new boss more than you’d like them to know about the inner workings of your business.
So even if your employees are causing you headaches, you should always do what you can to keep them. Talk to them about the issues you’re having, consider investing in some professional training, and only dismiss them as a last resort.
Oh, and hanging on to your employees doesn’t just mean sticking with the bad ones – it also means keeping the good ones happy! If somebody is doing good work, make sure they know it, and try to reward them appropriately so that they don’t think about leaving.