Retention raises

If you don't want to lose your most experienced talent at a time when hiring is particularly brutal, now is the time to take action.

INC. THIS MORNING Retention raises Good morning, The Great Resignation may have been a headache for business owners, but it's generally been good for the bank accounts of those who've quit. Job switchers saw their wages increase by an average of 8 percent, according to a report from the ADP Research Institute. Now,those who have stayed put have noticed, and many are feeling left out.  If you don’t want to lose your most experienced talent at a time when hiring is particularly brutal, now is the time to take action. And Adam Grant has a suggestion for just what you need to do: consider “retention raises.” Read on for why the Wharton professor and author believes you should spend a little more to retain your top talent. Join Series Host Beatrice Dixon and Angelica Ross in Conversation Angelica Ross of TransTech Social Enterprises is Inc.’s next guest for the Your Next Move web series. Register for the June 30 at 12 PM ET webinar . HERE'S WHAT ELSE I'M READING TODAY: This is how restaurants, hotels, and other businesses are using artificial intelligence to create better customer experiences. –Inc.  There are better ways to improve your employee’s work-life balance than switching to a four-day workweek. –Inc. As interest rates rise, small businesses should look towards local investors in their communities. –Inc. People analytics, if not used correctly, can dehumanize your employees. –HBR  Many small businesses believe they are targets of cyberattacks. They’re wrong. –WSJ ONE MORE THING: Vodka maker Tito’s is awarding a handful of grants. See if you're eligible. –Inc. --Brit Morse Associate editor, Inc. How are we doing? Send me ideas and feedback at BMorse@inc.com and on Twitter at @britnmorse. Join the visionaries who choose Inc. as their trusted source for the most accurate reporting on business. Join Inc. Unlimited today. Click here to forward to a friend. This email was sent by: Mansueto Ventures 7 World Trade Center, 29th Floor New York, NY, 10007, Unsubscribe • Update Profile • View in Browser • Privacy Policy