There’s also this phenomenon I see in many companies, where experience built elsewhere is often valued higher than the one built in house. I’ve personally experienced this many times in my career, when my company would bring in a new “shiny” person from a competitor, with decades of experience and armed with fresh insights/knowledge. I would often wonder: “I have the same exact experience as that person! Like… why didn’t you just promote me?!
https://bloomberry.com/why-new-hires-often-get-paid-more-than-existing-employees
https://bloomberry.com/why-new-hires-often-get-paid-more-than-existing-employees
Bloomberry
Why do new hires get paid more than existing employees?
Last Updated: March 28, 2024One of the most enlightening moments in my career was when I discovered a…
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