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 and the best hiring managers stay abreast of the latest remuneration trends, equipping them with background knowledge when interviewing potential employees.
Understanding salaries also helps retain your existing staff, especially when it comes to performance reviews. It’s important to note, that competitive salary packages encompass not only monetary but also non-monetary benefits and often it is these elements which can 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: