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.
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