While until now employers had a predetermined budget determined based on the company’s payroll and payroll reports, when taking up the topic of recruiting a manager, now they come up with the question: “What budget should we assume for this position?”
Let’s put aside non-wage motivators and talk about money.
The vast majority of candidates we approach with a job proposal to consider, expect at least a salary equalization with the inflation rate. Therefore, we should take into account the candidates’ financial expectations at a level of approximately 20% higher than we assumed. However, this is a very large generalization. Some industries are growing more dynamically than others, and the wage range is often very wide.
A good practice, that we use in recruitment, is to conduct market mapping, which, before starting the search for candidates, gives an answer about the financial expectations for a specific position, in a specific region of Poland / the world.
This topic, however, is much more serious. It raises the question – facing the upcoming economic crisis, can employers be able to equalize salaries?
Because there is no doubt that talents should be kept in the organization.
