I don’t want crappy people in our company. Ever. Because we all work too hard and have sacrificed too much for some bad apples to drag the team down.
So I instituted a ‘bottom 10% rule’ (ie, bottom 10% gets let go every year based on stack ranking). I think this is called ‘rank and yank’ at GE and mgmt consulting firms.
We have a formula and process that we created for ranking. Not perfect, will need to tweak over time.
Of course, the 10% rule got pushback from some investors, team members and even candidates. Most were in favor. But this makes me want to get some outside ‘anonymous’ opinions.
Has anyone else implemented something similar? What does everyone think? Am I being too draconian?