Fire Away--When the Time is Right

Sometimes firing an employee is a necessary evil in the world of business.

Although you as the employer are completely justified interminating a problem employee, be compassionate and sensitive.Despite previous warnings about possible termination, the actualexperience is always shocking and unpleasant. Be sure that thegrounds for termination are clearly stated and that you limityourself to facts that can be supported by written documentation.Also, inform the employee fully of his or her rights, such astemporary continued coverage by the group health insurance policy.Record all pertinent acts--for example, why the employee was fired,how many warnings had been issued, what compensation, if any, theemployee is entitled to receive--in the employee's personnelfile; this will protect you from any future legal action taken by adisgruntled employee.

Excerpted from Starting a Home-based Business

Editor's Pick

The Dark Side of Pay Transparency — And What to Do If You Find Out You're Being Underpaid
Thinking of a Career Change? Here Are 4 Steps You Can Take to Get There.
A Founder Who Bootstrapped Her Jewelry Business With Just $1,000 Now Sees 7-Figure Revenue Because She Knew Something About Her Customers Nobody Else Did
Everything You Need to Know About Franchise Law
Growing a Business

Scaling Made Easy: How to Scale Your Business like a Fortune 500 Company

Once you have the night-vision skills of Fortune 500 restaurants, scaling becomes effortless. Here are 3 ways to scale, hidden in plain sight.


Streaming TV Is the Future of Advertising — Without Breaking the Bank

Today's consumers expect personal, impactful ads. There's an advertising method that can get you there for half the price, making it the next frontier in digital advertising.

Business News

'Crying Northwestern Kid' Turned His Viral Fan Moment Into a Successful Harvard Admissions Essay. He Says the Experience Taught Him About Empathy.

Six years ago, Phillips was watching No. 8 Northwestern take on No. 1 Gonzaga during March Madness when he became a meme.

Business Ideas

55 Small Business Ideas To Start Right Now

To start one of these home-based businesses, you don't need a lot of funding -- just energy, passion and the drive to succeed.