Hire Slow, Fire Fast is Bad Advice

Just Because It’s Catchy Doesn’t Mean It’s Right

“I am absolutely convinced that no matter what strategy you employ, the only thing you should ever bet on is people. In the end, it's about people, not about plans,” says Larry Bossidy. A critical component of any successful organization is building a talented workforce. It defines the capabilities and culture of your team and enables superior performance.
‘Hire slow, fire faster’ is based on the idea that you want to build a strong, stable team and you're more likely to do that by hiring people slowly and firing them quickly once they've proven themselves unfit for the job.

In theory, no one wants to hire the incorrect candidate, but in practice it’ll typically take longer to find out if you’ve hired the wrong person than it will to correct your hiring mistake. And when managers parroting out the ‘hire slowly, fire quickly’ advice without understanding the key principals behind it, they're much more likely to screw up.