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Business Case

Compensation

An employee makes $65K a year and works hard.
They decide to talk to their manager.

Employee:  “I deserve a raise at $75K.”

Boss: "Why do you feel this way?"

Employee: “Based on averages for this job title, my years of experience and performance, a salary increase is reasonable.”

Boss: “We can’t afford the pay rise.”

Employee: Quits 5 months later.

Boss: Job vacant for 3 months. Reduced team morale. Incurs business losses at $60K. Approves new job posting at $75K. ­­Spends $30K in recruiting and training costs.

It's cheaper to retain staff than to replace them!

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