“If you think the young upstart at the next cubicle who spends half his days fielding calls from job recruiters is making more money than you are, guess what? You’re probably right. In today’s hot job market, where talent, energy and mobility count a lot more than seniority, new hires often earn more than seasoned veterans. Managers anxious to recruit and hang on to employees with particular skills routinely ignore traditional salary scales and pay whatever they must to get and keep them. Increasingly, they must offer even more than what they themselves earn to attract the best candidates.”[i]
[i] Hymowitz, Carol, “Managers Face Battle to Keep Salaries Fair in Tight Job Market,” Wall Street Journal, March 21, 2000.