When New Hires Get Paid More, Top Performers Resign First
To attract new talent, employers often offer new hires higher wages than existing employees. But today, a combination of regulatory changes and technological advances have dramatically increased pay transparency in many sectors, making employees increasingly aware of these pay disparities. How do existing employees (and especially top performers) react to these higher-paid new hires? And how can organizations mitigate the associated risks? The authors’ recent research shows that unless employe...
Cuthbert Chow Peter Bamberger Academy Of Management Academy Of Management Discoveries Coller School Of Management Tel Aviv University
Source: hbr.org