A May 2022 study by US-based HR analytics companyFresh hires can earn up to 20 per cent more for in-demand jobs such as those in tech and finance.more pay when they returned to their former employersEXPLOITING EMPLOYEE LOYALTYWorkers who stay put with an employer can be low-balled into receiving a “discount” of smaller pay increments instead of proper compensation.
In my case, I blamed my ignorance about market rates. For others, it can be a reluctance to change jobs, or being too meek to ask for a raise. But then again, why should employees be penalised for their loyalty?Commentary: Is there a good time to ask for a pay raise?