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That's not really true. 1) Very few candidates would leave a well paying job where they are constantly learning for a bit more money. I wouldn't leave my curre
by sheepmullet 11y ago
That's not really true.
1) Very few candidates would leave a well paying job where they are constantly learning for a bit more money. I wouldn't leave my current company for less than a 20% raise.
2) A well trained productive employee is worth much more than market rate. However, due to information asymmetries the market is rarely going to pay them even 20% more than average.
Combine 1 and 2 and you see that all a company has to do is offer 20% over market rates and offer in depth training etc and they will have great retention.