Should You Fire Family? Strategies for Managing Family Member Employment and Sub-Par Performance

The Secret Thoughts of CEO's Podcast

Should You Fire Family? Strategies for Managing Family Member Employees

With Chris Yonker

In this episode, Chris Yonker talks about hiring and managing family members in a family business. Hear about how to bring family members into the business, how to deal with underperforming family members, and the importance of implementing reviews into the business structure.

What You’ll Learn

● Policies around bringing in family members.

● Dealing with underperforming family members.

● How to build reviews into the business structure.

Timestamps

· [02:05] Family member entry points.

· [06:28] Underperforming family members.

· [08:30] Why it happens.

· [17:49] Reviews.

Memorable Quotes

· “Look at this no differently than any other person coming into the business.” – Chris Yonker [04:10]

· “Over 30% of all people in an organization are in the wrong seats.” - Chris Yonker [12:19]

· “Reviews need to be built into your structure.” - Chris Yonker [17:51]

Websites

chrisyonker.com.