According to CareerBuilder’s recent Staffing & Recruiting Pulse survey, approximately two thirds (67 percent) of staffing firms say candidates’ salary expectations exceed the employers’ offers, an increase of 6 percentage points from last year. The same study also found that one of the most common reasons candidates declined job offers in the last year was because the compensation failed to meet their expectations.
For hiring managers, the lesson is clear: it’s important to stay aware of the most current and accurate compensation statistics to inform your compensation strategy and ensure you’re remaining competitive and balanced. Recruiters need to stay aware of these trends as well: Not only will it enable you to set realistic salary expectations, but providing clients with this valuable information sets you apart as a trustworthy, reliable and indispensable resource for clients.
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