New staff given higher pay rises

Finance staff who move jobs can expect a pay increase nearly twice as high
as if they stay in their old job, according to a survey.

Employers tend to give new recruits an average salary increase of 7.4 per
cent compared with 4.1 per cent to existing employees.

The survey by recruitment consultancy Robert Half International is based on
responses from 481 organisations.

UK managing director Steven Carter said, "It is not surprising that
after several sessions downsizing, individuals feel they owe less loyalty to
their employers.

"There are still some severe skills shortages and although general
salary rises have been kept under control, employers are willing to offer more
to attract the right candidate."

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