4 Day Week’s Post

Switching jobs and hoping for a 100% pay bump? You’re not alone. Some people think changing roles should come with a side of instant riches. But let's be real—it’s not always a jackpot. Employers have to balance market rates, fairness, and, you know paying the bills 😛 It's about finding the right balance between fair compensation and business sustainability. #compensation #salaryexpectations #talentretention #humanresources #job #hiring

The U.S. Department of Labor estimates suggest that the cost of a bad hire can range from 30% to 150% of the individual's annual salary. This means when you are recruiting for a position offering a $60k salary, you could potentially allocate $180k or beyond to complete the hiring process for that role. Stale resources and rushed hiring equal wasted time and money! Bad hires cost more than a paycheck—they hurt morale, productivity, and your bottom line. Invest in efficient recruiting tools and regain valuable time and money to focus on what matters most. #BadHireCost #TalentAcquisition #ROI #HiringMistake #HRBudget #RecruitingInvestment #StrategicHiring #WorkforcePlanning #TalentAcquisitionPlatform #RecruitingBestPractices

The average salary employees would accept for a new roles jumped by over 11% from November 2023 to March 2024. Factors such as a tight labor market, pricing for necessities such as groceries, rent/mortgage, and gas all factor into this, with a American Staffing Association saying 40% of adults responded that they are facing more financial stress than they were 12 months ago. Of course pay has always been a major factor when looking for new roles, along with location/work environments, opportunities for growth, benefits among others. What factors outside of salary would you consider when making a move? Share in the comments below #jobs #hiring #jobsearch #astoncarter #bestofstaffing https://lnkd.in/eC4gaZpW

Eight states have recently passed laws requiring the expected pay in job postings, with more likely to come. In response, writes Kristine Kuhn, professor at Washington State University, "some employers have chosen to post very wide pay ranges for open positions, for several reasons: They do not wish to reveal #compensation information to competitors; they wish to retain flexibility to hire at different experience levels; or they hope the high top-of-range value will attract talent." That response could backfire, the professor says. Among the reasons: "job advertisements with a very wide pay range cause an organization to be perceived as less trustworthy." #hiring #talentmanagement #salary #paytransparency #jobs #jobpostings #IndustryWeek https://lnkd.in/eKHeXH5c

Interesting piece by IndustryWeek and an important trend for HR departments everywhere to follow. Posting realistic pay ranges helps employers and candidates alike find each other. With eight states requiring pay ranges now, more should follow, especially with remote worker remaining a big piece of the workforce. …

The Great Salary Paradox: Are We All Caught in a Vicious Cycle? Wake-up call: Even good jobs aren't immune to the restless hunt for better opportunities. Why? It's simple - people feel UNDERVALUED and UNDERPAID. The shocking truth: • Countless professionals are silently job-hunting RIGHT NOW • Recruiters often lowball offers, even with ample budgets • Companies bleed top talent, wondering where they went wrong Let's cut through the BS: 1. Behind every job search is a family trying to make ends meet 2. Competitive salary often means barely adequate 3. The cost of replacing talent far outweighs fair compensation It's time to BREAK THE CYCLE: Employers: Invest in your people or watch them walk Recruiters: Stop the race to the bottom - quality costs Professionals: Know your worth and demand it Imagine a world where... • Loyalty isn't a dirty word • Talent is truly valued • Work doesn't feel like a constant battle The question is: Are YOU brave enough to be part of the solution? Sound off in the comments! Let's spark a REAL conversation about fair pay, true value, and building workplaces where everyone thrives. #SalaryRevolution #TalentRetention #WorkplaceCulture #FairPay

Compensation Spurs Many Employees to Switch Jobs! https://lnkd.in/evz2ZVCQ Nearly three-quarters of employees said in a survey that they either struggle financially or must rely on a strict budget to cover their expenses, and those who struggle with bills are 39% more likely to look for a new job than the average worker. #JobSearch #JobHunting #RecruitingJobs #ExecutiveRecruiting #ExecutiveSearch #MarketingRecruiter

New @BenefitsPro research shows that 1️⃣ in 5️⃣ workers could not sustain their current lifestyle for a full week if they lost their job. That means they're more willing to take a pay cut in order to stay with their current employer. But let's not get too excited about the prospect of paying employees less. Employers should be doing everything they can not to get to that point—but that's easier said than done. What's your company doing to make ends meet and support employees in challenging economic times?

Compensation Spurs Many Employees to Switch Jobs! https://lnkd.in/eMYjSEe9 Nearly three-quarters of employees said in a survey that they either struggle financially or must rely on a strict budget to cover their expenses, and those who struggle with bills are 39% more likely to look for a new job than the average worker. #JobSearch #JobHunting #RecruitingJobs #ExecutiveRecruiting #ExecutiveSearch #MarketingRecruiter

Big salary = Easy Street, right? Think again! Landing that high-paying dream job is exciting, but be prepared for the flip side: increased expectations from your employer. -> High Pay, High Demands: A hefty salary often comes with more responsibility, longer hours, and pressure to deliver exceptional results. -> Accountability Amplified: With a bigger paycheck comes a bigger spotlight – be prepared to be held to a higher standard. -> Success Strategies: To thrive, stay organized, continuously hone your skills, and embrace the challenge of exceeding expectations. Share your best tips for staying organized and exceeding expectations in the comments below! #salary #strategy #expectation