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External hires get paid more — and perform worse — than internal staff. Outside hires also have higher exit rates, according to a recent report. It’s well known, the researcher says, that the only way to get a significant pay raise is to nail down an outside offer. What’s the lesson for HR? Here is some research sure to rankle every employee who has applied for an internal promotion and been passed over in favor of someone brought in from the outside. According to Wharton management professor
Original source article: hreonline.com