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The importance of specifying compensation in job vacancies

Published: Thursday 10th September 2020

Crafting a good job posting is vital for a hirer to find and attract the right candidates for their job vacancies. You will spend a lot of time working on language and including as much detail about the job to give job seekers a clear idea of what’s involved. Some employers will decide include the job salary as part of the posting, while others may not. Employee compensation plays a big part in attracting job seekers and here are six reason why a hirer should also prioritise it in their job vacancies. 

You get more applicants for your job vacancies

It’s a simple fact that by including the salary in your job ad, you increase the number of applicants you get. Likewise, job seekers are less likely to apply for a job if the job vacancy does not include details of employee compensation. Furthermore, include a job salary in a vacancy means you are more likely to get relevant applications of the standard and experience you require. A salary will reflect the level a job is at and this will allow job seekers to be in a better position to decide if it is a job they see themselves in. 

File Folder with Inscription Compensation on Wooden Black Table. Compensation Business Concept in ob vacancies

‘Depending on experience’ within job vacancies may discourage applicants 

Many employers who decide not to include employee compensation details on a posting may instead opt to simply say ‘salary DOE’. This means ‘depends on experience’. The problem with ‘DOE’, however is that it can lead some applicants to feel that they will only be getting paid what they are earning in their current job. 

Most candidates apply for new jobs to increase their salaries, so the possibility that they will simply be moving sideways on the earnings scale can be a turn off for them. By including an accurate salary scale on your job vacancies, you will applicants a better idea of what their experience is worth. 

It avoids awkward conversations further down the line 

No matter how assertive and confident candidates can be, everyone can get a bit uncomfortable when talking about money. By including a job salary in job vacancies, you avoid that awkward conversation and a candidate has a clear understanding of what they can expect to earn if they are successful.  

Young beautiful candidate at job interview in modern office space. Business consulting or employment concept.

Job seekers can find out anyway

While you are busy trying to figure out the answer to the question ‘should you put salary on a job vacancy’, many job seekers may already know what you pay. There are many employer review sites on the internet, nowadays. These provide a platform for former employees to provide feedback on certain companies. Candidates tend to browse these sites to get some inside information on companies they are applying to and in doing so can find out how much certain jobs pay. Therefore, whether you include employee compensation or not, there is a good chance that savvy job seekers will already know. Being upfront about how much you pay will be a good look for you company. 

Avoids wasted time and resources 

If employers and candidates aren’t on the same page right through the whole selection process, then you may find out that you are miles apart when it comes to talking about money at the end. You may have already offered a candidate the job, but once they find out what their job salary is going to be, they may turn you down if they had been expecting something very different. 

Knowing from the start what kind of money is on offer will give candidates a clearer picture of what’s included in the package. 

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