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Latest / Hiring & Firing with Fexingo: Recruitment, Performance, and Workforce Decisions

The Case for Firing Faster

Lucas and Luna challenge the conventional wisdom that hiring decisions should be slow and careful, arguing that firing decisions are often too slow and too careful. They dig into the real cost of retaining a mis-hire, citing a study that puts the total cost of a bad hire at up to 30% of the employee's first-year salary — but those numbers often miss the bigger hit: the drag on team morale, productivity, and culture. Lucas walks through a framework called the 'Three-Week Rule' used by a fast-growing fintech to make early termination calls, and Luna pushes back on the risk of…

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