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Fremont: Working with a startup company helps people to have more influence as each person has his or her say, they tend to gel beautifully with each other, and they get an intense feeling, which is a worthwhile learning experience. But, the problem creeps in when the company is faced with a situation where it has to fire its staff members. The mistakes committed by employees can fall into three categories:
A big mistake committed by a great team member
The organization should try to talk to such a person and find ways to fix the problem, rather than firing the person. Since the person is a great performer, he or she is great performer; he or she can make sure that the mistake doesn't get repeated.
Being a startup, the company can demand the average and above-average employees to work harder, and if they still don't, compensate them with stock options. Such employees can be fired and the company should make sure that they employ only the great performers, not the average employees, as they work better in bigger companies.
Multiple mistakes made by a great team member
Such a situation is very common and very complicated. The company should try to talk to the person, and train him so that such mistakes are not repeated in the future. When an employee who is highly flawed, but highly effective is saved, it sends a message to other employees, which is 'loyalty.'
Startups should try train their employees (so that they have the right skill set), because it takes more time while hiring and firing a person than training the employee.
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