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When wages don’t keep pace with inflation, companies risk losing their top performers
It is no secret that inflation has sent costs soaring, but wages are going up too. In a recent survey of US small businesses, more than two-thirds said they had increased the wages of their employees. Companies that don’t match inflation are essentially asking their staff to take a pay cut, says Prof. Jean-Nicolas Reyt in an interview with BBC Worklife. That will make employees unhappy, and the best ones could choose to move on to companies where better wages make them feel more appreciated.