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Hire Fast, Fire Faster, Promote Faster

A recent video by Gary Vaynerchuk got me thinking about how we hire, fire, and promote. If we’re honest, a lot of us do these things backward. We hire slow, fire slower, and promote slowest. Here’s GaryVee’s take (3:06):

Hiring: Fast and Smart, Not Slow

We’ve all felt the pressure to fill a role yesterday. But hiring is guessing. Even with solid interviews, your odds of finding the perfect fit are roughly 60%. So, what’s the move?

• Let go of your ego quickly, realize you made a mistake, and move on. Think sunk cost fallacy.

• Don’t overvalue experience. Have you ever been in the car with an experienced yet terrible driver? I rest my case.

• Stop using the term “bad hire.” It tends to make us dig in on our position. Instead, when a hire is unsuccessful, learn to sharpen your process.

Firing: Fire Faster but Fair

If hiring is guessing, firing is knowing. The longer you keep an underperformer, the more your team pays the price. Harvey Mackay nailed it: “It isn’t the people you fire who make your life miserable; it’s the people you don’t.”

• Give people a chance, but when you know, you know.

• Be fair and remember this was your mistake also. Treat people well and help them move on to something better.

• Quickly acting shows you uphold standards.

Promoting: Promote Fastest and Stop Waiting

Too often, leaders delay promotions for talented people, and it’s a mistake. We think they have to “earn it” like us. That’s your ego talking. When you spot greatness, act fast. It energizes your team and sets the bar high.

• Remember the bad driver? Some of the best NASCAR drivers in the world are just 18—24 years old—skill and capability > experience.

• Don’t get stuck in the “wait for the annual/mid-year.” If they’ve earned it, do it. Otherwise, you’ll be doing it as part of a counteroffer.

• Reward fairly and stretch their skills. Rinse and repeat.

The Flipped Script

Hire fast. Fire faster. Promote fastest. It’s not about being reckless—it’s about being intentional, decisive, and fair.

What's your take?

Go get 'em! 🚀