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For decades, talent-acquisition teams have been built around the idea that all talent must be found externally, over-optimizing tools and processes around the theory that the best hire is going to start as a stranger. You can hire three entry-level folks for the cost of one seasoned employee.
Also because of the growth of remote work, companies are recruiting remote employees from geographic locations outside of their immediate area, which may be less expensive places to live. Different companies differ on whether to change the pay of employees who transition to remote work,” says technology writer Mike Elgan.
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