Hi All ..
I am facing old employees retention problem in my organization ...Whenever i hire any new employees and if i take them at more salary than the salary of the old employees ...what happens in the bargain ..the old employees resign ..last week i got three resignations ..And how much ever the salary factors are confidential i dent know how they come to know ..Also i tell the old employees that salary depends on the market value and since you were hired before the salary range was less ..but it doesn't work out ..
Also to retain them i have given them a reasonable hike in their salaries too but still this problem is increasing and because of this i am afraid to take new employees on a higher salary scale which i am forced to take because now the market value has increased ..
Please HR Experts give your suggestions as to what shall i do in this dilemma...
Regards
Roop.
I am facing old employees retention problem in my organization ...Whenever i hire any new employees and if i take them at more salary than the salary of the old employees ...what happens in the bargain ..the old employees resign ..last week i got three resignations ..And how much ever the salary factors are confidential i dent know how they come to know ..Also i tell the old employees that salary depends on the market value and since you were hired before the salary range was less ..but it doesn't work out ..
Also to retain them i have given them a reasonable hike in their salaries too but still this problem is increasing and because of this i am afraid to take new employees on a higher salary scale which i am forced to take because now the market value has increased ..
Please HR Experts give your suggestions as to what shall i do in this dilemma...
Regards
Roop.