Salary Benchmarking – Are you getting paid market rate?
Are you getting paid market rate?
The recruitment market is incredibly busy, with the number of vacancies currently being advertised both locally, and nationally at record levels. Contrast that against the current unemployment rates, and it is easy to see why some companies are struggling to attract (and retain) talented employees. As competition increases, business leaders are being forced to look at what they are offering in terms of salary, flexible working and benefit packages. Increasing salaries to attract talent can result in further issues, as long term employees find that new colleagues are being brought in on higher salaries, and that there own no longer equates to market rate.
The table below shows the salary ranges on certain job roles currently being advertised across Oxfordshire on the TotalJobs job board (*where not enough data was available, UK averages have been utilised).
Benchmarking across our sectors…
Is your occupation on the list? Visit our benchmarking tool and see how your current salary compares with similar roles being advertised.
Time for a change?
Whether your salary is in line with Market rate or not, there are lots of positive reasons you might be considering a change of employment. Now is a great time to benefit from a strong candidate driven market as salaries are rising because the number of opportunities currently available is high. If you are considering a move, you can contact us today for a confidential discussion on 01993 2250555 or register in 2 minutes using the form below.