Moving staff up to replace a higher-level person
February 28, 2024
By Edward Mendlowitz
Hiring has become much more critical with the reduction in the staff pipeline. At the same time many practices look to only hire experienced staff to fill in gaps and replace people who leave, further increasing demand in that area. We are not going to solve the pipeline problem today, but here is a way to become more effective with who you hire and how to bring people up within your firm.
I have found that staff who grow with better experiences and responsibilities are less likely to leave. Even if they do, it's later than they otherwise would have, i.e., it is a way to retain staff for a longer period. Here are some reasons why, and a way to set up a process for bringing everyone up the ranks whenever there is a new hire.