Pay compression is widening the gap between new and existing employees

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From customers collecting stamps for retail loyalty programmes, to Air Miles, coupons, plastic cards and mobile apps, the mechanism has changed but the rationale remains: repeat purchases are key for growth in almost all businesses.

From driving positive customer experiences to improved productivity and production, the benefits of employee loyalty are also well documented.

Similarly, businesses also know that employee loyalty will help a company advance.

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Author / Journalist: Amanda Kavanagh

Category: Technology

Topics: Jobbio Future of Work House of Talent Growth Quarters

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-27, 13:38:07

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Reading Time: 6 minutes read

Article Length: 925 words

Coverage Area: Netherlands

Availability: Desktop Web, Mobile Web

News ID: 16543

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About The Next Web

Main Topics: Technology

Official Website: thenextweb.com

Update Frequency: 3 posts per day

Year Established: 2006

Headquarters: Netherlands

News Last Updated: 19h ago

Coverage Areas: Netherlands

Ownership: Independent Company

Publication Timezone: GMT +1:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #13

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