If salary is a key negotiating point, why do we keep it hidden?
Many employers hesitate to disclose pay scales in job postings, even as salary remains a crucial factor for job seekers. Sharing salary information upfront can help jobseeker to know which level of expertise are the employers searching for.
Three reasons why transparency around compensation is so important.:
1. Attracting the Right Candidates
Job postings that include salary ranges attract 60% more applicants. People while applying for any job look at a few things and salary is one of them. By being upfront about compensation, employers can filter candidates whose expectations align with their budget, saving time for both parties.
2. Building Trust and Credibility
Transparency brings trust. Sharing salary information sends a clear message that the company is honest about its expectations. This honesty attracts sincere job seekers who appreciate transparency in their potential employers.
3. Saving Time During Negotiations
When candidates are informed about the salary range upfront, they can quickly assess if the position meets their financial expectations. With AI integration in job portals, employers can easily identify candidates whose salary expectations align with the offered range, reducing negotiations and accelerating the hiring process.
Often overlooked, this aspect can significantly benefit both organizations and job seekers. Disclosing salary can increase the trust and credibility between these two parties.
In the current competitive period, a question can be raised: Why do employers shy away from showing what they want? When the salary is respectable, never shy away from sharing it with the jobseekers.
If you are planning to open a new vacancy Merojob provides a one-stop platform, where all such aspect is already systemized to make sure that you find the best candidate.
