In exchange, interns leave with positive things to say about their experience with your company, or return at a later date, becoming permanent hires. Budget for innovation Provide innovative opportunities for your staff as part of your business strategy. Make time for training To follow through on your advertisements of jobs as career paths, realize employee potential with training. In the Web field, it's especially important for employees to keep up with new technology and techniques. You can't afford to invest in a Web development staff and online products only to have them become outdated before they can dazzle the market.
Internal initiatives can make training cost-effective.
Create a budget for reference books, outside classes, and workshops. Encourage entrepreneurial tendencies Create a policy that allows employees to set aside time to work on their own projects or pitch their own product ideas. This encourages your staff to develop skills outside the scope of their current duties, which they can later apply to company efforts. Make sure to work with your HR and legal staff to draft intellectual property guidelines as part of employee contracts. It protects the employees and employers from any gray-area issues over ownership of creation, products, or knowledge.