As business managers, it is essential to keep a company profitable. With inflati

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As business managers, it is essential to keep a company profitable. With inflation, many roles are beginning to payout more than before. So how would you handle hiring a new employee with less experience but higher pay compared to the current team?
A couple of things to think about: 
Current compensation for the current team? 
Your department budget. 
Would increased pay for the current team lead to future layoffs? 
We want to ensure we can give everyone a raise in our department but understand that isn’t always an option. 

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