What is the effect of disclosing salary range in a job advertisement?
Staffing
0
A lot of employers always wonder whether it is wise to reveal salary range in a job ad. Well, there is no right or wrong answer. But there are several advantages and disadvantages to salary disclosure in a job ad.
Below are five things you must consider before listing a salary range in your next job ad.
- Revealing salary range may affect the number and quality of applicants – If you are offering an attractive pay package, your inbox will be flooded with applications. In fact huge salary range means you will also get referral benefits – your email will be forwarded and shared with others. It is good too – because the more application you receive, the better are the chances that you’ll find the right fit for the role. However, there are several cons too. Chances are you may receive irrelevant applications too. Attempting to find the right candidate may get tough, especially if you have to sort from the huge applications. Also, if you disclose the salary range, and it’s not competitive, the best candidate won’t be bothered to apply for it.
- May give birth to unrealistic expectations – Wondering how? Let’s consider the two situations:
- The applications are irrelevant – Every company fixes a salary range for the candidates with desired qualifications, such as those with professional degree, certifications or extensive experience. But as you receive the applications, you may discover that those are from people who barely have what you need to fill the position.
- Applicants overestimate their qualification – When you have high salary range, even marginally qualified candidates may consider themselves eligible for the given salary bracket. If you select them and offer them a salary near the bottom of the range, they may feel cheated and may even react negatively.
So it is best, not to disclose the salary range.
- Internal split – Your current employee may feel offended if they discover that you are paying relatively high salary to a new employee. You may have valid reasons for doing this, but that does not guarantee your employees will understand and acknowledge it. And it could cause internal rift and may affect the staff performance.
- Competition disadvantage – When you choose to disclose the salary range, you may be providing valuable information to your competition. They will come to know the package and by paying little extra, they may woo your candidates – especially if you are offering lower salary.
- Non-disclosure may result in time and effort wastage – When you choose not to disclose the salary range at an early stage, you may find out late that your top candidate is not interested in your offer. This will result in a lot of time wastage – the time you invested in filtering and picking the right match, evaluating candidate’s information /details, arranging interviews, doing other hiring related tasks etc.
The decision to disclose the salary range may have positive or negative impact on the number of applicants and their expectations. A careful evaluation of pros and cons will help you make an informed choice.
Related Posts
- Impact of Artificial Intelligence on Staffing Industry
- Benefits of Hiring Interns
- Strategies to Maximize Workforce
Tags In
Leave a Reply Cancel reply
Subscribe For Updates
Categories
- Accountant
- AI
- Automation
- Awards and Recognitions
- Blue Collar Staffing
- Burnouts
- Campus Recruiting
- Cloud
- Co-Ops agreements
- Company Culture
- Compliance
- Contingent Workforce
- contingent workforce
- COVID-19
- Cyber Security Staffing
- direct sourcing
- Distributed Workforce
- Diversity
- Diversity & Inclusion
- Economy
- Events & Conferences
- fleet industry
- Gig Economy
- Global Talent Research and Staffing
- Government
- Healthcare
- Healthcare Staffing
- Hiring Process
- Hiring Trends
- Home Helathcare
- HR
- HR Practices
- HR Tech
- IT
- Labor Shortages
- Life Science
- Local Governments
- News
- Nursing
- Payroll Staffing
- Public Sectors
- Recruiting
- Remote Work
- Skill Gap
- SMB Hiring
- Staffing
- Staffing Augmentation
- Staffing Challenges
- Talent ROI
- Tech Staffing
- Technology
- Tips & tricks
- Total Talent Management
- UI/UX Design
- Uncategorized
- Veteran Staffing
- Veterans Hiring
- Veterans Hiring
- Workforce Management
Recent Posts
Archive
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- November 2016
- October 2016