Starting salary for a new position: how much is appropriate?

Flexible

Paying employees is not just a fixed salary, but you have to pay based on their knowledge and experience. You must clearly understand what skills and knowledge are required for the new position. That means you have to be flexible, cleverly aware of what skills need to be added, what skills can be added from one job to another that will be useful to the position and to the company itself.

Learn the market

You should survey the market salary to see how much this position or similar positions are being paid. You can find out from candidates who have done these positions to see how much they were paid from previous companies. Remember, don't take them completely on what they say, they may inflate the salary they received so that you will pay them a higher salary.

Know your new location

The company should carefully analyze the requirements of the job in terms of qualifications, skills, experience and special requirements for the job such as having to have a laptop, withstand pressure, etc. to offer an appropriate salary. best. And you should provide a backup salary that the company can still pay to the candidate if their ability to meet is higher than the recruitment requirements. Candidates always want employers to recognize their years of experience, not the beginning.

Not just salary

Nowadays, salary and working environment are factors to attract talented people for your company. You should consider negotiating a tiered salary with the candidate. For example, candidates may receive a low salary at the beginning of the job, but if within a specified number of months they work effectively, the salary will increase. Or you can create some informal policies for employee comfort. For example, employees can be creative and have the right to execute their own projects. This is also how you both retain talent and create efficiency for the company.

Determining the right salary for a new position is really difficult and not all businesses can do it. Hopefully, the above sharing can help your business offer a suitable salary for the new position and attract many talents for your company.