Tobi Oluwole on LinkedIn: One of our clients asked for a $25,000 raise. They were a top performer… | 199 comments (2024)

Tobi Oluwole

CEO, Magnate | Helping founders & solopreneurs drive endless leads from LinkedIn through content | 195+ million organic impressions | Follow for posts about career, leadership & entrepreneurship

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One of our clients asked for a $25,000 raise. They were a top performer and had more than 5 year of experience at the company. They didn’t get the raise. Eventually they ended up accepting a better paying job at another company. Here’s something I never understood: Many companies would rather pay an external recruiter $25,000 to find a replacement for an employeeThan give that same employee a $25,000 raise. The company loses the experience and context and trust of a great worker. And then spends the money anyway to hire someone with less context at a higher price. I’ve never understood this. Microsoft just doubled the budget for employee salaries to retain talent. And I hope more companies will follow in their footsteps. Because retention budgets should be much larger than recruitment budgets. Stop paying more to replace your incredible talent.—Here’s my Free Masterclass for everyone looking to transition careers and get a raise: https://lnkd.in/danBRZpX

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Patrick Busick

COE Specialist II | ERG City CoLead | Pride @ Uber

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Stepping over dollars to pick up pennies

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Kemi Faith Odesola

Founder @ The Kemeedia Company | Content Creation, Development Communications, Media production

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Thank you 🙏🏾

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François Ouellette

Technical Document Writer

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Most companies would prefer to pay the cost of losing a good employee and hiring a replacement for the simple reason that they do not want to create a wave of salary increases.

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Joshua C.

Talent Acquisition Leader Connecting Top Talent - Veteran Recruiter

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This subject seems to be a reoccurring post. You would by now companies would realize it’s cheaper to keep someone.

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So true !

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Nate Herrera

Creative Producer / Global Marketing for 2XKO @ Riot Games

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As someone who is an incredible talent, I agree with this message.

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Lewis Adams-Dunstan

Recruitment Partner - Data | Founder @ Just Hire 🇺🇸

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Truth be told, I 100% agree with you on this!

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Karthick Balakrishnan

👨🏻💻 Post Si Validation | Bench Char | NXP Semiconductor

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Every company should start the same :)

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Nash Welling

Seasoned Sales Professional

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Blows my mind. Great post.

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    CEO, Magnate | Helping founders & solopreneurs drive endless leads from LinkedIn through content | 195+ million organic impressions | Follow for posts about career, leadership & entrepreneurship

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