How to Fire Underperforming Employees in 10 Easy Steps

It's not easy dealing with a Lazy Leonard, an Underperforming Pattie or an Ineffective Ian.

Like it or not, every company must deal with them -- often with a warning or two, and eventually with a formal dismissal. The process is far from enjoyable. Not even a Schadenfreude Supervisor looks forward to the task of letting people go. Nonetheless, they must march into the office and remove those who simply are not getting the job done. On the new

series,

, CEOs are giving up control of their companies to see if their employees can make positive changes. As the title implies, this could lead to the termination of someone's job. On the next two episodes (airing Thursday, June 20 and Thursday, June 27), True Home Value CEO Larry Smith will hand over his company to several of his employees. As someone that has been operating his own business for nearly 40 years, Smith has had quite a few experiences with bad workers. While he is willing to give anyone a second or third chance, there have been times when he had to give up and let someone go. "I think my favorite statement is, 'We've decided we're going to go in a different direction,'" Smith told Benzinga. "Prior to this show…our policy has always been three strikes, you're out. [We] probably wouldn't let anybody go unless they've been warned at least two prior times for the incident in which [we're] letting them go."