As a firm grows, it experiences pressure to formalize its personnel policies and procedures.

Question

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As a firm grows and more employees are hired, it becomes increasingly important to have clear and consistent personnel policies and procedures in place. This helps to ensure that all employees are treated fairly and equitably, and helps to avoid misunderstandings or conflicts that can arise due to inconsistent or unclear practices. Therefore, there is generally pressure for firms to formalize their personnel policies and procedures as they grow.

As a Firm Grows, It Experiences Pressure to Formalize Its