In today’s talent market, it is vital to keep up to date with what constitutes a competitive salary package for the role you are sourcing. Knowing what the industry offers is just as important as your salary negotiation skills. The best hiring managers stay abreast of the latest remuneration trends, equipping themselves with background knowledge on what makes employees happy when interviewing potential candidates.
Understanding salaries also helps retain your existing staff, especially when it comes to performance reviews. However, it’s important to note, that money alone doesn’t ensure employee happiness, and non-monetary benefits can also sweeten the deal.
Visit the Robert Half Salary Centre and read our tips and related articles with advice on how to offer the right salary for new starters as well as your staff below: