WHY NEW HIRES OFTEN GET PAID MORE THAN EXISTING EMPLOYEES

Summary from the TLDR Web Dev newsletter

Finding out that a coworker with a shorter tenure makes more than you is an all too common experience in the tech industry. Often, experiencing this can leave someone feeling undervalued, underappreciated, and resentful. This article covers why this happens, highlighting factors like budget allocation, the importance of employee retention, and how experience is valued depending on where it comes from. If an employee finds themselves in this situation, they should have an open conversation with their manager about their compensation, hand in a competing offer, and leave for another role if all else fails.