Should you retain underperforming employees because they are loyal ?

DISCLAIMER I am not all for laying off people randomly, I truly believe that employees and teams are the biggest assets of any organization, be it an SME or large-scale business.If an employee is not performing, motivate, train, guide or mentor them, If nothing works read this article. buy business.

Was it really worth all the suffering? sell my company 

My point here is that a lot of SMEs have Basantis in their teams. Employees who are loyal, but underperforming are the most difficult to lay off. I strongly believe that the problem here is that some SMEs operate from a faulty mindset that the team must work together like a ‘family’. When you start looking at your team and employees as your family, you begin associating your emotions with them and their work. This whole attachment and ‘family-like’ feeling towards your own employees, blurs objectivity, making it very difficult to lay off underperforming employees. buy a company

So, what should SMEs do? Companies for sale

The best way to keep your team together is to look at them as a sports team. To elaborate, sports teams are close-knit communities that have a defined set of goals. These teams collaborate and work towards achieving their bigger goal. In this whole process, the team-members change from time to time, either due to their interest in another team or due to the higher management’s decision of letting them off. Does this setting sound more practical and DISCLAIMER: I am not all for laying off people randomly, I truly believe that employees and teams are the biggest assets of any organization, be it an SME or large-scale business.If an employee is not performing, motivate, train, guide or mentor them, If nothing works read this article. buy business in india 

In the whole process of setting up their businesses, most business owners and entrepreneurs face the toughest challenge while forming a team of trustworthy employees who will work with them and help them in realizing their dream of running a successful business. Most of these business owners also face a dilemma on whether they should retain an underperforming employee. First, let’s understand what the word ‘underperforming’ means in the context of a business or an enterprise. The word ‘underperforming’ mainly talks about someone who gets lesser work done in a stipulated time, pulling down the absolute productivity of a business unit and delivers work that does not meet your expectations.

Let me tell you a little story about Basanti, our house help. buy business india

I was about seven years old when Basanti started working with us as a house help. Being about twenty-five years of age, Basanti took over and did all the work around the house. Gradually, she became an indispensable part of our family. She would come with us for movies and dinners, we would always take her with us wherever we could. Over the years, Basanti’s demeanour and her work styles began changing. As time went by, she started becoming a nuisance in the house, so much so that I would always wake up to raucous screaming because of her. My room and the kitchen shared a wall and that lead me to feel swelling waves of anger against her, with every passing day. Each day would begin with Basanti yelling and shouting, it went to the extent that I stopped looking forward to coming home only because of my anticipation of her presence! In spite of all this, my family never resorted to laying her off for the sole reason that she had been loyal to us for several years. All the while I kept wondering why we were clinging on to her even when we could have her work somewhere else, a place where she would be happy and in turn, we would be, too. We still chose to keep her with us until she eventually passed away. buy a business in mumbai

Was it really worth all the suffering?  buy a business in delhi

My point here is that a lot of SMEs have Basantis in their teams. Employees who are loyal, but underperforming are the most difficult to lay off. I strongly believe that the problem here is that some SMEs operate from a faulty mindset that the team must work together like a ‘family’. When you start looking at your team and employees as your family, you begin associating your emotions with them and their work. This whole attachment and ‘family-like’ feeling towards your own employees, blurs objectivity, making it very difficult to lay off underperforming employees.  buy a business in bangalore

So, what should SMEs do? buy a business in gujarat

The best way to keep your team together is to look at them as a sports team. To elaborate, sports teams are close-knit communities that have a defined set of goals. These teams collaborate and work towards achieving their bigger goal. In this whole process, the team-members change from time to time, either due to their interest in another team or due to the higher management’s decision of letting them off. Does this setting sound more practical and more business-like to you?

As an entrepreneur, your business is your baby and to nurture that brain-child, you build a team. Without conscious realization, you start treating these team-members as your family. businesses to buy in mumbai

You are not really a family you are a sports team! businesses to buy in delhi

The main problem arises when these ‘family members’ from your team turn into underperforming employees. How are you going to know if they are underperforming? The best way to find out whether an employee is underperforming or is working inefficiently is by asking yourself how hard you would try to retain them if they were to leave your company and join a competitor. The harder you fight for an employee, the higher value to attribute to their work and vice-versa. businesses to buy in bangalore

Underperforming employees are not only a drain on your resources, but can also affect the rest of your team as the whole team is interdependent on one another.

It is also important to acknowledge the fact that some team members might be underperforming because of certain personal or professional factors. Here, it is important for entrepreneurs to understand the underlying issues that are pulling their performance down. Try not to think of it as a waste of time because your business will do well only if your team is working efficiently and feeling great about what they do. Another way to identify slacking performances is by regular performance reviews wherein you give your team important feedback about their work. During these reviews, you must always be honest, while also being respectful towards the team member. Your focus should be on highlighting their areas of strength and pointing out areas where they could do with some improvement.  businesses for sale in mumbai

Always remember, the more talent and skill you have in the form of human capital, the more you can accomplish. Don’t be in a hurry to lay off people because of their underperformance, instead concentrate on building a work culture that encourages employees to be competent. businesses for sale in bangalore

I would love to hear your views on how an SME should deal with underperforming employees, let’s get talking! business brokers in mumbai

For any business-related queries, reach out to sonakshi@kapso.in

About the author: business brokers in india

Sonakshi Pratap is the Founding Director at Kapso Business Services, India’s Leading Business Brokerage firm.usiness Brokerage firm.