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| | Ask HN: Why is it easier to get a raise with a new job? | |
88 points by a_imho on Jan 31, 2019 | hide | past | favorite | 64 comments |
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| Or why is it hard to get a decent raise?
In my experience it is pretty much industry standard to favour new employees versus old ones, but to me it does not make any business sense (apart from showing who is boss).
It cost time and money to cover for turnover and still new employees can be hit and miss. Also, they most probably need some form of training and it will be years until they have the same experience. |
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Simple explanation: they saved money. Of course now they have to recruit, and then the new person needs a lot f time to learn what his company does (it's complicated). Cost is WAY more than that 12%, but it doesn't show up on the balance sheet.
So to answer OP's question: because companies don't really value their people.