{"id":881,"date":"2018-08-28T16:24:20","date_gmt":"2018-08-28T16:24:20","guid":{"rendered":"http:\/\/sonusbenefits.com\/?p=881"},"modified":"2018-08-28T16:37:07","modified_gmt":"2018-08-28T16:37:07","slug":"time-talk-compensation","status":"publish","type":"post","link":"https:\/\/sonusbenefits.com\/time-talk-compensation\/","title":{"rendered":"It\u2019s Time to Talk Compensation"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">When you hire for an open position, you\u2019re making an important business decision that affects your bottom line. Because of this, it can be tempting to hold back information about compensation until you\u2019ve had a chance to evaluate one or more candidates.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But this common employer mistake could be causing you to miss out on some great talent.<\/span><\/p>\n<p><b>How so?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Many employers get so wrapped up in their own numbers and desires they forget the simple fact that every job seeker is also making a very important business decision. And one that drastically affects his or her bottom line.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Expecting candidates to be able to do this without providing adequate information about compensation packages is asking an awful lot. In fact, many of today\u2019s talented applicants won\u2019t even try. Because it just doesn\u2019t make sense.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">According to a<\/span><a href=\"http:\/\/www.careerbuilder.com\/share\/aboutus\/pressreleasesdetail.aspx?id=pr951&amp;sd=6\/1\/2016&amp;ed=06\/01\/2016\"> <span style=\"font-weight: 400;\">Career Builder survey<\/span><\/a><span style=\"font-weight: 400;\">, 74% of job seekers said they expect to see salary information in a job posting, and 61% expected to see information on total benefits.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Research by<\/span><a href=\"http:\/\/web.jobvite.com\/FY17_SEM_2017JobSeekerNation_LPN.html?utm_source=google&amp;utm_medium=cpc&amp;utm_term=jobvite%20job%20seeker&amp;utm_content=2017jobseekernation&amp;utm_campaign=search_jobvitecorporate&amp;gclid=CI3VqvfHu9UCFVKIfgodykwDuA\"> <span style=\"font-weight: 400;\">Jobvite<\/span><\/a><span style=\"font-weight: 400;\"> found that <\/span><i><span style=\"font-weight: 400;\">money <\/span><\/i><i><span style=\"font-weight: 400;\">is still the number one factor <\/span><\/i><span style=\"font-weight: 400;\">in a job seeker\u2019s decision to leave or accept a position.<\/span><\/li>\n<\/ul>\n<p><b>Put that shoe on the other foot<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Think about it. Would you agree to hire someone to fix your car without getting an estimate? No way! You need to know what the potential cost is so you can decide if you want to have the work done there, if you can afford to have the work done there, or if you need to keep on looking.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The same is true for those you are looking to hire. They may be interested in your company, but they also need to determine if they want to work for you, if they can afford to work for you, or if they need to keep on looking.<\/span><\/p>\n<p><b>Help them make that decision<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re an employer or hiring manager who\u2019s still afraid to talk openly about compensation early in the recruiting process, you\u2019re living in the past. And that isn\u2019t where today\u2019s top talent wants to be.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Time is money<\/span><b>. <\/b><span style=\"font-weight: 400;\">And as a busy business owner or HR professional, you\u2019ve got limited amounts of both. Don\u2019t waste a single minute (or dollar!) dancing around the topic of compensation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019ve set a salary range for the position or you wouldn\u2019t be hiring. Be upfront from the beginning and let people know what it is.<\/span><\/p>\n<p><b>Get over the fear<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Many employers worry that if they reveal specific compensation numbers, they will be giving away some or all of their power. This fear is a big concern and a big stumbling block.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s true that talking about salary early in the recruitment process will take away your <\/span><i><span style=\"font-weight: 400;\">\u201cI\u2019m withholding information from you.\u201d <\/span><\/i><span style=\"font-weight: 400;\">power. But you\u2019re still the employer. You\u2019re still the one in the hiring seat. A little extra transparency won\u2019t change that.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, being transparent about your salary and benefits packages could earn you some additional respect. Not only are you being upfront and honest, but now you have to negotiate pay based on REAL factors like job-related skills and relevant experience.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And honestly, isn\u2019t that a much more interesting and critical conversation?<\/span><\/p>\n<p><b>Put it out there<\/b><\/p>\n<p><span style=\"font-weight: 400;\">If you want\u00a0to hire the best and brightest employees, don\u2019t keep them in the dark.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the end of the day, you and your potential new hire are both making a very important business decision. In order for it to work out well, it\u2019s got to meet both of your needs. It\u2019s got to be a good fit culturally, professionally, and yes\u2014 financially. On both sides.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Providing key compensation information will allow you and your future employees to make decisions in the most effective way.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now that\u2019s real power. \u00a0<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Recruiting and retaining employees is easier when you can proudly offer a comprehensive benefits plan that makes your team members feel as valuable as they are. At Sonus Benefits, we build cost-effective, long-lasting employee benefits strategies to keep your business and your employees in optimum health. Get in touch with Sonus to see how we can help your organization become a local employer of choice.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you hire for an open position, you\u2019re making an important business decision that affects your bottom line. Because of this, it can be tempting to hold back information about compensation until you\u2019ve had a chance to evaluate one or more candidates. But this common employer mistake could be causing you to miss out on&#8230;<\/p>\n","protected":false},"author":5,"featured_media":882,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_mi_skip_tracking":false},"categories":[5],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>It\u2019s Time to Talk Compensation - Sonus Benefits<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sonusbenefits.com\/time-talk-compensation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s Time to Talk Compensation - Sonus Benefits\" \/>\n<meta property=\"og:description\" content=\"When you hire for an open position, you\u2019re making an important business decision that affects your bottom line. 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