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EXECUTIVE WATCH GlobeSt.com:
BY ANTHONY J. LOPINTO
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| EXECUTIVE WATCH
is a weekly column featured on GlobeSt.com, the leading online real estate
news site. Tony LoPinto, the CEO of Equinox Partners has been the
author of this widely read column.
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EXECUTIVE WATCH PERSPECTIVE
By Anthony J. LoPinto
April 24, 2007
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Donald Trump, our favorite "terminator", is on this week's cover of Business Week, highlighting the lead story, "Fear of Firing". It's all about how hard, and financially perilous, it is to fire an underperforming, or even worse, virtually useless employee. The point of the article is that, increasingly, employers, admonished by their HR and legal teams, are reticent to deal with real performance issues for fear of litigation. Unfortunately, more often than not, the root of the issue is that managers fail to properly document performance matters and shy away from discussions with subordinates regarding their poor performance, or conducting documented evaluation sessions with them. The result is problem employees gain the upper hand, especially if he or she is among the growing lineup of individuals in "protected" categories. The lesson here for managers is that an ounce of prevention is worth twice the litigious cure.
© 2007 - GlobeSt.com, all rights reserved.
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