Promote from within and boost profits. It seems like a simple equation, especially after a glance at examples such as Costco, which fills 98 percent of store manager positions from inside the organization and enjoys an industry-low turnover rate of below 6 percent after the first year. Mark Murphy, CEO of the human resources firm Leadership IQ and the author of Hundred Percenters: Challenge Your Employees to Give It Their All, and They'll Give You Even More, says a commitment to pushing employees up your business’s food chain and building leaders inside the company is critical to the bottom...Read More
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