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by altdataseller
841 days ago
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I answered this question here last month: https://bloomberry.com/why-new-hires-often-get-paid-more-tha... Basically it comes down to a few reasons: 1) Hiring budgets are always > than budgets for raises 2) HR and recruiters are incentivized to hire new people rather than retain current ones 3) Employers overvalue experiences obtained elsewhere 4) Nobody really wants to solve the problem of retention because it's a deep-rooted issue with no easy fixes (unlike paying someone new a lot of money) |
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