Free­dom to be able to work in a pa­ja­mas once in a while

You ob­vi­ously want top tal­ent to join your team, but what if you don’t have a juicy pay­check to of­fer? Sim­ply com­pen­sate lower salary with bet­ter ben­e­fits

The HR Digest - - Content Features -

Sup­pos­edly it’s been a few years since you joined your com­pany, and as a hir­ing man­ager, you need to in­crease the head­count, now that the com­pany is grow­ing in size.

The size of the com­pany might be rel­a­tively small if you con­sid­ered the busi­ness sce­nario be­fore few years. But, with time, the com­pany has de­vel­oped some brand value that has es­tab­lished some trac­tion in the mar­ket and has got some of the vital projects that could ad­vance the com­pany’s growth to a whole new level.

If your com­pany is in a good shape, the cash flow is ad­e­quate; it is a great time for bring­ing new hires. The busi­ness is bur­geon­ing, and there can­not be a bet­ter time to re­cruit great tal­ent, which will dis­trib­ute the work­load.

Ei­ther you start in­volv­ing in the hir­ing process or you reach out to some of the re­cruit­ment agen­cies to fill the po­si­tions. Within a few days, you will have a pool of can­di­dates to short­list from. You can con­duct a tele­phon­ing in­ter­view with the po­ten­tial can­di­dates and short­list some who you think are good enough to ap­pear for the face-to-face in­ter­view. You just give them a brief idea about your com­pany and the salary range that you can of­fer. But on the day of the in-house in­ter­view, you come to know that a sig­nif­i­cant num­ber of can­di­dates dropped out af­ter the tele­phonic ses­sion. When you in­quire about the rea­son, re­cruiters in­form you that the salary range men­tioned in the of­fer is fall­ing short of can­di­dates’ ex­pec­ta­tions.

Such a dis­ap­point­ment! Quite a few ap­pli­cants were a good fit for the job and even said that they are will­ing to work for a dy­namic and grow­ing com­pany as yours, but they didn’t turn up for the in­ter­view. You are in a catch-22 sit­u­a­tion; there is no chance that you can in­crease the pay as it would be un­fair to the ex­ist­ing em­ploy­ees who are work­ing at the same po­si­tion. Also, in­creas­ing the bud­get would not be fine when your com­pany is still grow­ing.

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