Have salaries stopped being ‘taboo’?

blog-publish-date

21 Jul 2016

blog-read-duration

Just three years ago, research revealed that 50% of UK employers did not advertise salaries in their job vacancies but rather asked candidates to provide information on what they are currently being paid, from which to base the new salary decision. However, employers and employees that are appearing on television shows are now starting to shout about salaries. So, will there become an expectation that other organisations will follow suit?

BBC2 Special Debate

The Daily Mail on Saturday mentioned an upcoming BBC2 special debate that will see members of the public openly discuss their salaries. Although it is not currently possible to know exactly what will be discussed, the debate could raise eyebrows over retention concerns for organisations who are paying less than the rates discussed. It could also highlight the gap between director and clerical/operative pay. Benchmarking salaries is a beneficial way to ensure that competitive rates are being paid to improve staff loyalty and motivation. Reviewing directors’ remuneration can ensure that pay is justifiable and in-line with best practise for both existing and newly appointed board members.

The Job Interview

Another programme to discuss salaries recently is the current Channel 4 series The Job Interview where employers state how much they are going to pay the individual who fills the job vacancy being recruited for using the programme. That shows just how important a factor pay is during the recruitment process. Evaluating the job can assist here, as it will allow you to make the pay decision based upon the level of the job – determined from an assessment of factors such as the required qualifications to the key accountabilities, complexities and responsibilities of the role. Added to this, by obtaining robust, credible salary information you are in a stronger position to make a well-informed job offer. To find out more about how Croner Reward can assist with pay and benefits advice, please call 0844 728 0103 or e-mail reward@croner.co.uk.

Free to Download Employer Resources

  • Pay Awards & Forecast (September 2018)

    FREE DOWNLOAD

    Pay Awards & Forecast (September 2018...

    Read Croner Reward's expert settlement and forecast report for September 2018

    Read more
  • Sample Health & Safety Policy Statement

    FREE DOWNLOAD

    Sample Health & Safety Policy Stateme...

    Here we’ve included a free sample Health & Safety Policy Statement that UK business owners can refer to.

    Read more
  • Pay Awards & Forecast (June 2018)

    FREE DOWNLOAD

    Pay Awards & Forecast (June 2018)

    Read Croner Reward's expert Settlements and Forecasts report for June 2018

    Read more
  • How Much Does Employee Turnover Cost Your Business?

    BLOG

    How Much Does Employee Turnover Cost ...

    A recent Glassdoor survey revealed that almost 35% of hiring professionals expec...

    Read more
  • Staff Turnover: What Do You Need to Know?

    BLOG

    Staff Turnover: What Do You Need to K...

    Having a high worker turnover can have mean two things: A negative impact on you...

    Read more
  • What is Wrongful Dismissal?

    BLOG

    What is Wrongful Dismissal?

    If you breach an employee’s contract, you could be liable for wrongful dismissal...

    Read more
  • bemrose-school-derby

    CASE STUDY

    Bemrose School Derby

    “Having Croner-i saves us a lot of time and money, as we do not have to use cred

    Read more
  • wmtr

    CASE STUDY

    WMTR

    “I’d definitely recommend the Croner OnSite services and I have done already, I

    Read more
  • certikin

    CASE STUDY

    Certikin

    “Our Distribution Manager had a particularly technical query relating to respira

    Read more

Ready to focus on what you do best?

Get your free consultation and speak to an expert today.