Perhaps due to their ongoing struggle to find qualified candidates, more employers are ready to offer bigger paychecks for new talent.
According to CareerBuilder’s annual Job Forecast, 49 percent of employers will offer higher starting salaries for new employees – up from 47 percent last year. The finding indicates that employers are realizing more and more the need to offer competitive compensation rates in order to attract better workers and stay ahead of their competitors.
Those who fall into the 51 percent of employers who aren’t offering higher salaries may want to take note: As the upward trend continues, it will only be a matter of time before other employers are forced to reconsider their compensation offerings – simply in order to compete. The time is ripe to assess your current compensation strategy and ask yourself: “Am I offering a competitive salary?”Related