Not Able to Offer Money? Offer Candidates a Future Instead By: Ioana Marinescu on April 19, 2016.
A recent CareerBuilder poll shows that 55 percent of full-time workers feel they have a job, not a career. What does this mean for recruiters? As the number of unemployed job seekers gets lower and lower, you’ll need a number of tools in your arsenal to attract new hires.
1. Higher compensation.
As an economist, I have to start with a hard truth: Offering higher pay IS going to get you better candidates — and more of them. According to our study using CareerBuilder data, a 10 percent increase in compensation is associated with a 7 percent increase in the number of applications. Furthermore, higher compensation attracts more educated and more experienced candidates.
2. Career progression.
Perhaps you cannot offer higher pay right now. Or, maybe you still cannot…