Retention raises

If you don’t want to lose your most experienced talent at a time when hiring is particularly brutal, now is the time to take action. INC. THIS MORNING Retention raises Good morning, The Great Resignation may have been a headache for business owners, but it's generally been good for the bank accounts of those who've quit. Job switchers saw their wages increase by an average of 8 percent, according to a report from the [ADP Research Institute](. Now,those who have stayed put have noticed, and many are feeling left out. If you don’t want to lose your most experienced talent at a time when hiring is particularly brutal, now is the time to take action. And Adam Grant has a suggestion for just what you need to do: consider “retention raises.” Read on for why the Wharton professor and author believes [you should spend a little more to retain your top talent](. [Join Series Host Beatrice Dixon and Angelica Ross in Conversation]( Angelica Ross of TransTech Social Enterprises is Inc.’s next guest for the Your Next Move web series. [Register for the June 30 at 12 PM ET webinar](. HERE'S WHAT ELSE I'M READING TODAY: [This is how]( restaurants, hotels, and other businesses are using artificial intelligence to create better customer experiences. –Inc. There are [better ways]( to improve your employee’s work-life balance than switching to a four-day workweek. –Inc. As interest rates rise, small businesses should look towards [local investors]( in their communities. –Inc. [People analytics]( if not used correctly, can dehumanize your employees. –HBR Many small businesses believe they are targets of cyberattacks. [They’re wrong](. –WSJ ONE MORE THING: Vodka maker Tito’s is awarding a handful of grants. [See if you're eligible](. –Inc. --Brit Morse Associate editor, Inc. How are we doing? Send me ideas and feedback at [BMorse@inc.com](mailto:BMorse@inc.com?subject=Inc.%20This%20Morning%20Feedback) and on Twitter at [@britnmorse](. Join the visionaries who choose Inc. as their trusted source for the most accurate reporting on business. [Join Inc. Unlimited today.]( [Click here]( to forward to a friend. This email was sent by: Mansueto Ventures 7 World Trade Center, 29th Floor New York, NY, 10007, [Unsubscribe]( • [Update Profile]( • [View in Browser]( • [Privacy Policy](