We wanted to share our market research recruiting advice that we hope you will find valuable.
Hiring the right candidate not only requires matching skillsets and experience with your needs, it also means aligning salary with expectations and marketplace realities. Beyond selecting a competitive salary reflecting your job responsibilities and title, too often a broad salary range is used to attract candidates. This creates a disservice as:
This "ugly" gap often reveals itself as an unacceptable offer after many rounds of engaging, relationship-building and time-consuming interviews. And for many candidates, there is little desire to negotiate or even work for a company that "lowballs" their value.
In today's tightening labor market, qualified candidates simply will not accept lateral moves -- requiring a salary increase between 15% to 20% to make a move.
Please contact us if you would like our compensation tables that define job title, years of experience, role (supplier vs. corporate) and geography with mean salary and bonus levels. This can help you attract the best candidates. And we can show you how to create an effective salary range that pleases everyone.
