The Paradox of Talent Acquisition vs. Retention: Why some companies Offer Big Hikes to New Hires but Neglect Loyal Employees!
In today’s hyper-competitive job market, companies are willing to offer substantial salary hikes to attract new talent, sometimes ranging from 50% to even 100%, often based on a brief 30–45 minute interview. Yet, paradoxically, these same organizations often neglect their existing, hardworking employees, refusing to grant even a 20% raise to those who have proven their dedication and value over the years. This paradox raises critical questions about the sustainability of such practices and their long-term impact on company culture and performance.
The Recruitment-Retention Disconnect
The Allure of New Talent
When companies seek to fill critical roles, especially in tech-driven industries, the pressure to attract the best candidates can lead to aggressive salary offers. Here are a few reasons why companies might be inclined to offer large hikes to new hires:
- Skill Shortages: In fast-evolving fields like data engineering, the demand for specialized skills often outpaces supply. Companies are willing to pay a premium to secure top talent with the latest expertise.
- Immediate Impact: New hires are…
