Workers quit their jobs at the fastest rate on record in 2019—here's why (via CNBCMakeIt)
"Companies are willing to pay about 15% more for new employees, but they're only willing to give their current employees about a 2% or 3% annual raise," he explains, citing Gartner's research.
The practice of paying more for new employees rather than giving raises to existing employees is likely costing employers, says Kropp, but can be explained by a human flaw in how organizations hire and manage employees.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World’s Highest-Paid Authors 2019: J.K. Rowling Back On Top With $92 MillionI am a wealth reporter at Forbes. Prior to joining the wealth team, I oversaw the Forbes Media and Entertainment section for nearly three years as Assistant Editor. I run our highest-paid authors, radio hosts, magicians and comedians lists as well as the 30 Under 30 U.S. Media list and the 30 Under 30 Europe Retail & Ecommerce List. I've previously written for Bustle, Fusion, SheKnows and the Huffington Post.\r\n\r\nFeel free to get in touch: hcuccinello(at)forbes(dot)com. You can send me a secure tip at forbes.com/tips or submit sensitive documents anonymously and securely at SafeSource.forbes.com.
Read more »
9 criminally underrated albums released in 2019From Nilüfer Yanya to Caroline Polachek, here are our most over-looked albums of the year.
Read more »
Here Are 7 Beauty Trends That Defined 2019Gone are the makeup dos and dont’s: This year's beauty trends embraced an “anything goes” attitude rooted in self-expression, color, and joy.
Read more »
Rolls Royce's $400,000 SUV helps luxury carmaker set new sales record for 2019The company, a division of BMW, said it sold 5,152 cars last year, the most in its history. That marked a 25% increase over the 4,107 vehicles it sold in 2018.
Read more »
Anti-Semitic hate crimes rise in 2019, overall crime at record low, NYPD saysHate crimes were up 20% in New York City in 2019, according to the New York Police Department, with a rise in anti-Semitic incidents making up the bulk of that increase
Read more »
The Best Stock-Fund Managers of 2019Winners’ Circle: Needham Small Cap Growth, Baron Partners and Meridian Enhanced Equity Legacy were the top-performing actively managed U.S. stock funds in the latest rankings.
Read more »