Employers increasingly willing to negotiate salaries

A report from Hay Group has revealed two-thirds of employers are more willing to discuss pay rises with candidates than they were 12-months ago.

Hay Group’s 2015 Salary Guide shows employees are now also in a stronger position to negotiate their benefits packages, but less than 10% of HR directors feel the company should instigate those discussions.

The annual report from the global management consulting firm includes information on workplace issues and trends affecting the current hiring climate.

UK Managing Director, Robert Sheridan said those who show a willingness to learn are most likely to receive an increase. Other factors such as time since the last raise, competency and length of employment may also influence the employer’s decision.

He added: “The tables have turned in the job market”, and suggested top performing candidates can now demand higher salaries.

New candidates must wait before bringing up salary issues

It was revealed that only 21% job candidates think it’s appropriate to discuss salary at the initial application or first interview process. 46% of HR directors believe it is best to bring up salary issues in a second interview, while 28% prefer employees to wait until later stages in the process.

Sheridan predicts an inflationary wage environment in which companies will need to pay higher wages to attract and keep the top talent.

He said: “Recruiting and retaining the best talent may be the difference between good results and great ones.”

Speak to Portfolio

We find high-calibre professionals for compensation, benefit and rewards vacancies.

We will match you with a position that suits your skills. Or if you are an employer, we will find candidates with the attributes to make a difference to your business.

Speak to us now on 020 7650 3190 or email us on recruitment@portfoliocbr.com.

View Our Resources

One in ten employees has no plans to retire

Research by Baring Asset Management has found that almost one in ten people – or the equi...read more

Workplace health should be a priority

With many of us now living healthier lives than in the past, gym memberships soaring and plenty...read more

Hiring a HR systems analyst

In this guide Portfolio CBR will take a look at what makes the perfect HR systems analyst candi...read more

Global Benefits Jobs

Benefits play an important part in the decision process of high calibre employees who you are h...read more