Salary is probably the most important factor in attracting the potential employee that your looking for. We can offer the best working environment, great opportunities and interesting work, but if the salary is wrong, you will always struggle to find the right person and lose out to competitors.
So how do you know where to set the salary?
If you are a large organisation with 100 field service engineers, then you’ll know exactly what you need to pay for field engineer 101. But this isn’t always the case for a lot of employers and getting it right is crucial.
When deciding on the salary it’s important to take into account the job market, industry trends, the skills and experience required for the role, and the salary expectations of potential candidates.
Sites like Glass Door and Total Jobs have salary guides which take into consideration location as well as the position. You can’t break down into specific skills but it does give you a good idea. If you’re looking for a Software Developer with .net skills, you can call it a .net Developer and that will give you a more accurate idea.
You can also go to an IT Recruitment specialist – ideally us!! We work these positions day after day and know the market inside out. We’ll be able to give you a realistic idea of where you need to be on salary as well as how realistic the skills are, what the markets looking like and some useful pointers perhaps. There is no obligation or pressure to use us and it might just help you out.
It’s so important to be realistic about what salary you can offer. If you offer a salary that is too low then you may struggle to get the right people for the job. It’s a real false economy too as you save a little on wages, but as salary is the number 1 reason people leave their jobs, you are putting your company at risk of losing your new hire pretty quickly. On the other hand, if you offer a salary that is too high then you may be paying more than you need to.
Be sure to take all of these factors into account when deciding on the salary for your vacancy to ensure you get the right balance between attracting the best talent and getting the job done efficiently and effectively.