Focus on Core Business

Senior management should spend time understanding competition and devising future strategy and not on managing internal team and people issues. Senior quants should not repeatedly fetch, clean & plot data, and traders should not spend time on converting the first-cut excel implementation of strategies to a more VBA/C++ based add-in. Grid processing of your legacy Monte-Carlo engine should also be done by dedicated experts.

Carefully dividing the labour among your in-house and externally-managed teams will result in getting high quality work done, without having to spend time and resources on hiring junior analysts and their training.