<ul><li>In today's dynamic job market, pay disparities between new hires and existing employees pose a significant challenge for organizations.</li><li>A recent Harvard Business Review study highlights the adverse effects of such discrepancies, particularly on high-performing employees. The research underscores the importance of promptly addressing pay differentials to maintain employee satisfaction and retention.</li><li>Strategies such as raising awareness about pay inequities, conducting regular pay equity audits, and investing in agile processes are crucial. By prioritizing transparency and fairness in compensation practices, organizations can not only retain top talent but also foster a positive workplace culture conducive to long-term success.</li></ul>

Losing Top Talent: The Consequences of Paying New Hires Higher Salaries

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