Increasing salaries is not the best way to attract talent

Offering higher wages simply results in companies trying to outbid each other

27th January, 2019

Right now, attracting and retaining the right talent is tough. Really tough. As unemployment continues to reach new post-crash lows, businesses are feeling the squeeze.

Our recent Future of Work: The Talent Shift study revealed that some employers have resorted to short-term practices to tackle the talent crunch.

Among the companies in the 20 economies surveyed, we found that a key method employed by companies to deal with the dearth of talent in 2018 was higher salaries.

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