Pay compression is widening the gap between new and existing employees

Pay compression is widening the gap between new and existing employees


Business owners have known the value of loyalty for a long time. From customers collecting stamps for retail loyalty programmes, to Air Miles, coupons, plastic cards and mobile apps, the mechanism has changed but the rationale remains: repeat purchases are key for growth in almost all businesses. Similarly, businesses also know that employee loyalty will help a company advance. From driving positive customer experiences to improved productivity and production, the benefits of employee loyalty are also well documented. So why then did a recent social media post on rewarding existing employees cause such a stir? The LinkedIn post in question…

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