Salaries may not increase dramatically over the next 12 months, but additional benefits such as iPads may play a part in employment negotiations.
The end of 2013 was busy for one eighty recruitment with multiple recruitment campaigns commencing in the construction, property and facilities management market. This suggests that 2014 is going to be a busy year, and there is evidence of this already.
The majority of clients are, or will be looking to hire in 2014, which brings us to a question I am always asked; “are our salaries in line with the market?”
Generally speaking I believe salaries will not increase massively in 2014, as we are all still coming out of a very tough and tight 4-5 years of post ‘Global Financial Crisis’. However – employee benefits will play a major part in any employment negotiations. This includes both monetary and non-monetary benefits, and can include; medical/life insurance (discounted or full), cars, car allowances, extra annual leave, birthday days off, training, development, association fees paid, bonuses, flexibility, clothing allowance, carparks, tablets, phones, laptops, Koru Club, gym memberships, regular company events, Christmas parties, and office equipment i.e. coffee machine, TV’s.Are your salaries comparable to market rates? And how do your benefits stack up?
Feel free to call me to discuss – you have to get this right, before you can expect to recruit properly. Even if you are not in a position to recruit, no problem, I am happy to offer a no-obligation, opinion based salary review of your existing staff based on market knowledge.
Cheers to a stable and prosperous 2014!