When New Hires Get Paid More…
By Andrea Derler, Peter Bamberger, Manda Winlaw, and Cuthbert Chow, Harvard Business Review, March 5, 2024 To attract top talent, employers often pay new hires more than they pay existing employees in equivalent roles. This isn’t new. But today, regulatory changes and technological advances have dramatically increased pay transparency in many sectors, making employees more aware of these pay disparities. Moreover, data from the U.S. Chamber of Commerce indicates that the workforce is expected to shrink in 2024, while a global survey of more than 30,000 employees found that salaries are expected to increase by an [...]
