Why The “Hire Slow, Fire Fast” Strategy Does Not Work

Published by Yana on

“Hire slow, fire fast” has become a common adage in the working world. In today’s episode, I am going to explain why this approach does not work well in the world of FinTech compliance and what FinTech leaders should be doing to find the right fit for their companies instead! 

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Today’s episode:

  • [00:42] An overview of today’s topic. 
  • [01:42] Problems with using a “hire slow” approach in the FinTech compliance sector.   
  • [03:32] Common mistakes that FinTech leaders make when hiring compliance professionals. 
  • [04:29] Skills to look for in a potential compliance hire.
  • [05:30] The immature approach to firing a compliance leader. 
  • [06:51] Why FinTech managers often delay letting their compliance leaders go.
  • [07:31] The difference between how good and bad managers deal with the firing of a compliance leader. 
  • [09:32] A summary of the reasons I disagree with the “hire slow, fire fast” adage. 

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