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Employers may pay new hires more than current employees because they want to attract top talent, have access to a smaller pool of candidates, or want to reduce turnover in the absence of effective onboarding. Skilled employees are in higher demand than ever, and businesses attract the best talent by offering competitive salaries.
Remote work is becoming more common, with job seekers getting access to opportunities all over the world. This makes finding employees harder. Businesses must provide attractive compensation.
Finally, companies might pay new hires more to encourage them to join and stay long-term. A higher investment in new