Compensation Conundrum

Post date: Oct 15, 2009 6:11:22 AM

One of the most important aspects of an employee's perceived self worth to an organization is compensation. Often times employers will spend hours interviewing and selling a potential candidate on why your organization is the best place for them to begin or continue the candidate's career. A great amount of energy will be spent between the hiring manager and the recruiter to make sure the offer is as enticing as possible. Are we paying enough? I don’t want to overpay? Yes, there are still companies that will try to underpay an individual feeling as though they’ve gained a long term upper hand.

Time and time again surveys illustrate how current employees and prospective employees want to be honestly engaged in the process. This does not mean the employer must “break the bank” or overpay to land the candidate you want. It is important as an organization you’ve performed an in depth compensation analysis every three to five years for all of the positions in your organization. Without this information your are throwing darts in the dark. Secondly, it is important for your hiring manager and your recruiter to be active listener during the interview process.

Each candidate is different and there can be greater selling points within your total remuneration package which make you the best fit for your candidate.