161 - Why The "Hire Slow, Fire Fast" Strategy Does Not Work

"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!  If you found value in this episode, I would really appreciate it if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is.    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.    Show links: Interested in FinTech compliance? – Consider investing in the FinTech Compliance Self-Starter Package! Want more insights about FinTech and Compliance delivered directly to your inbox? Let's stay in touch! Click here.

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