Contact Us Today 619-784-3550
Contact Us Today

United States Financial Advising Legal Blog

Is progressive discipline suitable for your firm?

Posted by Christopher W. Rowlett | Feb 16, 2024 | 0 Comments

Breaking away and starting your firm can pose many challenges that may come with becoming an employer. Aside from overseeing operations, you also need to manage employees who can commit missteps, especially when they are new to the job. Making mistakes with day-to-day tasks might not seem like a big deal, but some forms of misconduct can require sanctions. Still, disciplining employees can be a tricky subject. Fortunately, progressive discipline policies can provide a structured way of penalizing employees while maintaining a balance between authority and empathy.

Progressive discipline allows employers to gradually enforce corrective actions when an employee commits a violation, from verbal and written warnings that may escalate to final actions. This method can give employees chances to correct or improve themselves, which could lead to the following benefits:

  • Nips the problem in the bud before the employee commits worse violations
  • Allows employees to prove themselves by showing improvements and changing behavior
  • Encourages transparency and communication between employees and employers
  • Sets clear expectations from both the employee and their manager

Additionally, progressive discipline can mitigate complaints by including a reasonable number of opportunities for correction, allowing employers to make fair and just decisions.

Adopting progressive discipline appropriately

Your firm may require this method, depending on your circumstances. Sometimes, the organization might not benefit from it, because of its size or nature. But other times, this option can be helpful to stay compliant with employment laws regardless of the firm's size.

Before deciding to incorporate progressive discipline in your firm, it can be beneficial to seek legal counsel first. Doing so can help you develop policies tailored to your firm without missing issues that can cause problems over time.

About the Author

Christopher W. Rowlett
Christopher W. Rowlett

Co-founder and Principal

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Add A Trusted, Results-Oriented Legal Team To Your Pack

Breakaway Partners is committed to answering your questions about RIA Formation, Practice Migration, Financial Industry Dispute Resolution, Employment Issues, and Business & Commercial Litigation issues in California. We offer consultations, and we'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment.

Menu