Why you’re more likely to get a raise by quitting your job

If you think the only way to get a big pay raise is to find a new job, you may be right. New research validates employees’ sneaking suspicions that they have been wrongly passed over for a promotion in favor of someone from outside the organization – who often gets paid more. To add insult to injury, it turns out that external hires don’t do nearly as good a job as people who are promoted from within.

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