HR is the meat in the sandwich as the C-suite increases pressure to improve the quality of new recruits whilst keeping a lid on salary expenses, according to the findings of a new report.
The Salary and Employment Insights 2012 report from Hudson revealed that salary expectations are widely out of sync between employers and employees. “Employers are under pressure to simultaneously improve the quality of their hires and control the cost of these hires – they need valuable employees to take the business forward, but not at any cost,” Mark Steyn, CEO Hudson Asia Pacific said.
Nearly seven out of 10 employees are considering moving jobs in 2012, while two-thirds of employers say they are worried about losing their existing high performers.
Almost half of hiring managers reported the salary expectations of preferred candidates exceeded their budget in 2011. It was found: 43% increased their budget to secure the best candidate 57% settled for their second-choice Nearly six out of 10 employees felt that they deserve a pay rise in 2012.
Steyn said salaries are on the rise for many mid to senior hires and the dilemma for business is being caught between global economic uncertainties and not wanting to compromise on investing in their people. Alongside this dilemma, employers face the problem of meeting the “heightened salary expectations” of employees, Steyn added.
According to the report, recruitment strategies must be fine-tuned to find and retain the high performers who can make the biggest difference to the bottom line. It was found:Read More…