<story><title>When new hires get paid more, top performers resign first</title><url>https://hbr.org/2024/03/when-new-hires-get-paid-more-top-performers-resign-first</url></story><parent_chain><item><author>dragon-hn</author><text>I just had a very valuable teammate quit this week from lack of salary progression. New-ish grads are making more than him for much lesser jobs. The business refused to do even a token salary increase because of the ‘economic climate’&lt;p&gt;Now a critical project won’t happen on time, which will cost the company many magnitudes more in revenue than it would have cost them with a token increase.&lt;p&gt;Oops.</text></item></parent_chain><comment><author>hobs</author><text>I&amp;#x27;ve seen this before so many times, and recommend people quit and sometimes even apply back at their same company.&lt;p&gt;I got my friend a 30% raise after he quit, worked at a new place for two months, it blocked implementation of key projects and the CEO started freaking out.&lt;p&gt;I asked him how much he would pay to fix the problem, and he gave me a number.
I said if we paid that as the new salary to my friend we could have him working there in a week.&lt;p&gt;The CEO made the call in front of me lol.</text></comment>
<story><title>When new hires get paid more, top performers resign first</title><url>https://hbr.org/2024/03/when-new-hires-get-paid-more-top-performers-resign-first</url></story><parent_chain><item><author>dragon-hn</author><text>I just had a very valuable teammate quit this week from lack of salary progression. New-ish grads are making more than him for much lesser jobs. The business refused to do even a token salary increase because of the ‘economic climate’&lt;p&gt;Now a critical project won’t happen on time, which will cost the company many magnitudes more in revenue than it would have cost them with a token increase.&lt;p&gt;Oops.</text></item></parent_chain><comment><author>bell-cot</author><text>But, &lt;i&gt;viewed on a small-enough scale&lt;/i&gt;, the managers did get their way.&lt;p&gt;And &amp;quot;small&amp;quot; is usually quite descriptive of managers.</text></comment>