There are different opinions about the advisability of including a salary range in a job description, or going with something more vague, like “depends on experience.”
But there is mounting evidence to show that including a salary range is actually a good idea, while there is not a lot of support for excluding it. You want to give job seekers enough information so that they can make an informed decision about the job. This is probably one of the most important pieces of information you can put in a job description.
The Argument Against
The argument against posting a salary range is that you are undercutting your bargaining power as an employer. Leaving it for the interview gives the company more control over salary discussion and how they want to present it to job candidates, the argument goes. This is preferable, some say, to simply putting it out there for everyone to see, including employees and competitors.
Reasons to Include It
But the question is, if your salaries are competitive, and equitable among employees, what reason should there be to withhold it in the job description? If anything, posting it probably will only enhance company reputation for being transparent and showing how it values employees.
You would not want to reveal salary range only if you want to try and get away with paying as little as possible to potential employees. But is this really good business practice? If you do not offer competitive salaries, you will not attract good people. It is also more efficient and cost effective for employer and job candidate. This way, the candidate will not have to go through a long application process before finding out that the salary just isn’t what they are looking for, which is a big waste of time for everyone involved.
Moreover, there are now many websites that list salary ranges for various types of jobs, so candidates will already have a good idea of what they should be making in a particular job.
In addition, posting salary ranges produces more responses than withholding it – about 30 percent more.
If you want a position with a good salary, you need to see the people at Winston Resources. Winston will work with you throughout the job search and application process to help you land the job you want. Contact Winston Resources today.