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Retain new hires with quick pay raises

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in Human Resources

The more your organization’s employees learn on the job, the quicker their value skyrockets in the marketplace. Retain new hires by raising their salaries as they gain experience. Unless pay increases match the new skills employees are learning, those workers are likely to leave for better-paying jobs.

Bottom line:
Organizations that are reluctant to give pay raises to new employees are at risk of higher turnover.

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