wage compression

concept
1 mentions 1 recordings first heard Feb 2022 last heard Feb 2022 ±0 vs the 6 months before

phenomenon where new hires earn similar pay to tenured employees

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Lauren WeberWSJ Your Money Briefing · Why Companies Are Reviewing Pay Raises More Than Once a Year · 6:54 · Feb 2022
…If you are doing regular pay reviews and you're using that to set pay for people that you're hiring, you also have to be really careful that that doesn't create something called wage compression.…
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