In my company, yearly increments range from 10-20%, but asking for a 40% raise is denied. If an employee leaves, the company hires a replacement for 45-60% more. Is there a better strategy for retaining experienced employees over hiring and training new ones?
In my company, yearly increments range from 10-20%, but asking for a 40% raise is denied. If an employee leaves, the company hires a replacement for 45-60% more. Is there a better strategy for retaining experienced employees over hiring and training new ones?