There’s a peculiar thing that happens in many companies.

Because money is always tight in most companies (except Facebook, apparently), raises are given out sparingly. And because retraining internal employees to do new jobs feels like double work, new hires are typically selected from the outside.

So often, employees feel under appreciated or underpaid, and begin to notice that the only thing they can do to get new responsibilities or a higher pay check is to find a new job.

Of course, as soon as they do that, their old company will have to hire somebody new, and have to incur the huge costs of training that person from scratch. They would have actually saved money if they had given their existing employee opportunities and room to grow.

An acquaintance of mine down in the valley joined a startup called UpMo as VP of Product, and is aiming to change all of that.

Take a look at their short launch video…it’s a great idea and a great product that could really help companies keep their talent challenged and growing in their jobs.

Congrats to Rob and the team at UpMo!