Organizational Structure Look within the company for employees: Getting an outsider’s perspective pays off, but if you always promote from within the company rather than from outside, your team will feel like they need to move somewhere else to grow.
By developing leaders in-house and taking the time to mentor promising employees at a time when they may be looking to move, you can save money on hiring a more expensive expert from the outside.
Facilitate compensation: The information that people acquire is rapidly becoming more common, and with it, tensions regarding compensation.
By streamlining your compensation levels, you can guarantee equal pay for equal work and reward those who deserve more for their efforts.
