The Great Resignation has left 11 million job vacancies in the United States. For every one person looking for work there are 2 jobs available, as a result, the cost for hiring is skyrocketing.
Hefty salary offers, remote and hybrid work arrangements, perks and bonuses are just among the things that recruiters put on the table to fill job vacancies.
According to a report by CNBC, Angela Copeland, senior vice president of marketing at Recruiter.com, says more forward-thinking companies are advertising their high salary offers to attract talent. Copeland said some companies are even offering three times the going rate for job roles.
Advertising high pay is extra important for companies trying to find in-person workers, says Erica Thomas, a technical recruiter in Palm Coast, Florida. If she’s courting someone working remotely for a job that’ll require them to be on-site, “we might not get anywhere,” Thomas says.
Staffing solutions firm Robert Half’s senior executive Paul McDonald says that offering a four-day work week is among the things companies are looking to offer to employees just to make them stay. Paid vacation time with allowance, reimbursements and work-from-home costs like internet and phone bills are also among the perks offered to employees.
‘McDonald says there’s “no question” throwing exceptional perks into the mix is helping companies close their time to hire. According to a July 2021 Robert Half survey of more than 2,800 senior managers, 48% are providing signing bonuses, 43% are giving more paid time off and 40% are offering better job titles to attract new hires.