Unemployment rates are low which means hiring (and retaining) talent must be a priority.
Hiring managers may claim they want to attract the best candidates to their brand, yet they are stifled in their ability to do so by what we call ‘internal equity’. This problem typically occurs when the hiring manager fails to hire an outstanding candidate because they can’t meet their salary expectations of $120k as the equivalent manager in the next department is only earning $100k. The result is that the employer makes an unsatisfactory offer to the candidate their business desperately needs. The candidate turns the offer down and is swiftly employed by a competitor willing to meet their salary expectations.