If your employees are worth a 50% salary boost to your competitors, they are worth a 100% boost to you. Do not let them leave for a competitor if the only incentive is money. You will end up retraining someone from scratch, or paying at least as much as you paid the outgoing employee makes at their new job.
You are competing in a free market. Act like it.
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Article written by Lakshay Behl
Lakshay Behl is the world's leading business systems architect. He engineers and deploys business systems that automatically operate, manage and grow companies. While he typically works with established companies in certain sectors, his strategies are universally applicable.
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