Firing is always painful. It’s not that only non performers are fired but companies do fire people who are performing but they are not required due to many reasons like reduction in client work, automation, outsourcing and many others. But can there be some alternative to firing? Here we are presenting ‘5 Alternative Ways of Firing from a Startup’. Hope these will be helpful for a startup.
1) Bench Strength
Put the person on common pool or excess pool so he or she could be used on some other project or operation. You can also build your bench strength.
2) Referring to Others
In case if you really don’t need a resource you can refer the person to some other company in your network or friend circle.
3) Mutual Benefit
You can speak to the resource directly and try to work on a solution which could be mutually beneficial. Sometime resource may suggest you some better option.
4) Partial Layoff
You may go for partial layoff, for example asking the resource to work from home or part time so at least you could start saving some money on fixed office expenses.
5) Help Resource in Job
You can give some time to the resource to look for a job outside. Once resource will have some breathing space, he or she may find some job outside.
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