Today’s talent marketplace may be a little less turbulent than in previous years, but employers are still contending with lengthy vacancies, high hiring costs and difficulty finding the right people. Meanwhile, new technologies are disrupting a variety of functions across industries, and business leaders are still unsure how to respond — or where to invest. After all, what good is the latest tech without the right people to use it?
But even amid all these changes, compensation remains the one lever employers can count on for finding the talent they need. Pay is still a top factor for candidates considering accepting a new role. Offering a competitive wage continues to be the best way to remain an employer of choice for today’s most sought-after candidates.