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Wage growth, record-high inflation and an extremely competitive labor market have all put business leaders in a difficult position. Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives:
Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. (The Great Resignation is ongoing, after all.) Win the war for top talent that’s driving wage growth – and be able to entice new hires across the finish line, sometimes with great urgency to overcome
