How You Know How Much to Pay Employees

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Finding market-rate salaries can be difficult, especially as pay rates increase rapidly in entry-level jobs. We know that you’ll make more money if you jump companies, which makes no logical sense–your current company should pay up. But they don’t increase salaries enough for current employees, although they will pay for new hires. Why?

Well, many reasons, one of which is it’s hard to change jobs, so they know it has to really suck for you to start looking. And two, the market rates fluctuate, so they aren’t sure what it is until they look for new hires.

Today I stumbled

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