Plenty of companies are offering 20% more for new hires but aren't willing to bump the pay of their entire workforce by 20% at once, especially since much of th

Plenty of companies are offering 20% more for new hires but aren't willing to bump the pay of their entire workforce by 20% at once, especially since much of the workforce might not be looking. They still may lose their best workers, but they can ramp up to the new budget more gradually.