<ul><li>Inadequate salary hikes send a damaging message to top performers, leading to low morale, decreased engagement, and increased turnover.</li><li>When high-performing employees leave, companies face the costly cycle of rehiring, including higher costs to attract new talent.</li><li>Losing critical employees not only incurs financial costs but also results in loss of expertise, team disruption, and impacts customer relationships.</li><li>To break the cycle and retain top talent, companies should focus on fair and competitive pay, acknowledging excellence, fostering growth, promoting work-life balance, and acting on employee feedback.</li></ul>

"Retain Top Talent or Pay the Ultimate Price": Why Poor Salary Hikes Hurt Companies

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