The first time I was fired was when I was 16 years old and working at Numero Uno Pizza. It happened really strangely, I went in to pick up my paycheck and the manager let me know that this paycheck would be my last one as I was no longer employed there. 


No warning and no explanation.


Bewildered, I simply walked out the door, walked across the street and was hired by their competitor. 


The way in which the whole experience went down, left me feeling embarrassed & resentful. 


Never again did I eat at that restaurant because of the way they made me feel. 


Our guest today: Lori Torres, Founder & Former CEO of Parcel Pending 


The nation’s leading provider of innovative package management solutions. Prior to Parcel Pending, Lori was SVP of property operations at The Irvine Company. 


She has been recognized on multiple occasions for her leadership, including being named 2017 “Innovator of the Year” by the Orange County Business Journal and chosen as one of 13 entrepreneurs admitted into the EY Entrepreneurial Winning Women™ 2017 North America class.


Lori worked to build a world class organization and is going to share her wisdom.


Today we discuss:


Making the difficult decision to part ways 
How to fire a person in a way that leaves everyone feeling good about themselves

Challenge today?


When is the right time to make a change and terminate someone?
Can you afford to do it, do you have the bandwidth
Taking the time to really understand 
Have an intervention- performance improvement plan, use to be successful
Articulate to really improve the person's performance
Everything possible to make sure they are successful
Accountability tool &  

Why is this important to the company?


Benefits: often find someone better
Help the person you are terminating to the world,
Embrace the people management side of the business
Termination is part of the evolution of the company
Change needs to happen,
This is the game we are playing, these are the rules, here’s how we move forward
What you need at $3mil is different at $10M  

Rick’s Nuggets


Be proactive in your hiring
Hiring for growth first - start with the end in mind
“people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” - Maya Angelou

How do we solve the problem? 


Identify performance issues first
Candid open, specific conversation
Time frame to meet the expectations
Check in: not meeting expectations, 

Provide a performance improvement plan
Whatree performance is now, when they are not meeting expectations, when we are going to convenience to review

Termination
Reason for termination:
Labor attorney- worth the money to handle things properly
Quick conversation : next step, it is not working
Part ways with dignity! 
Severance with a legal document release of liability & non-disparagement 
Walk them out the door and wish them well
Offer help to help them move forward

Sample Termination
Rick gets Fired!

Rick’s Nuggets


Really take seriously the performance metrics that were set for your people in the job description
Evidence to support the hire first!

Key Takeaways -Value:


Really spend the time to hire correct people. It's like dating, Interview a lot
When the person is not performing, invest the time to 
Have non-confrontational conversations with people

Guest Links:


LinkedIn:  https://www.linkedin.com/in/loritorres/


Company: https://www.parcelpending.com/


Twitter: https://twitter.com/ParcelPending


Facebook: https://www.facebook.com/parcelpending


Instagram: https://www.instagram.com/parcelpending/


YouTube: https://www.youtube.com/channel/UCFj7yh4kDC7Jx5CDUYnar7A


 


This show is proudly sponsored by Criteria Corp: https://www.criteriacorp.com/


 

Twitter Mentions