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Difficulty in getting sign off, involving more stakeholders in the interview process or looking for a 100% skills match means we continue to see an increase in the length of time it’s taking some employers to make an offer.
Some successful applicants are confusing this extended time to hire with an indicator to overvalue their worth.
As a result, not only are some organisations at risk of losing out on top talent to more nimble competitors, but it appears that some successful applicants are confusing this extended time to hire with an indicator to overvalue their worth. This can mean some candidates are making unrealistic salary demands.
Now more than ever employers need to make sure that they reiterate the salary or pay rate range attached to a job clearly to their recruitment partner throughout the recruitment process.
Candidates need to remember that it’s still an employers’ market. They need to be realistic about what they’re looking for, be patient through the process and be prepared to compromise. It’s worth remembering that it’s not all about the here and now. If it’s a role that you really want and the salary is reasonable, consider taking the job and once you’ve shown your true worth and assuming the economy picks up, then may be the time to negotiate an increase.
One Comment
Joining any larger company for a longer term means you will fall quickly into their annual cycle of pay review. These are minimal or even zero in the current environment. Also, in many the room for salary improvement is closely linked to grade increases, and incremental salary jumps are purposely kept to a minimum.
So this does encourage an applicant to ensure they get into the company on the strongest possible salary at the time of joining. The days of ‘proving your worth’ are gone as companies can fall back on their salary structure as a way of keeping future salary rises to a minimum. Even more so in the current environment where the employer has more power.