The average salary increase offered to headhunted talent fell to 21% in 2018 from 27% in 2017, according to Jack Hammer Executive Headhunters
As much as companies recognise the importance of bringing on board the best talent, this still needs to be in the realm of affordability. In the past, companies would have had an attitude of paying what it takes to get the right people on board. Now they’re saying if they can’t afford the premium, they won’t go ahead with an appointment.— Debbie Goodman-Bhyat, Jack Hammer Executive Headhunters
Companies will, according to Goodman-Bhyat, still stretch to land excellent candidates who will positively impact transformation, compared to what they will offer other candidates.
…if you're a female candidate headhunted for a role, you're likely to receive a higher premium on your current package than male candidates… Black executive level candidates also unquestionably received a significantly higher premium on packages – 10% higher than their peers - when they were headhunted…— Debbie Goodman-Bhyat, Jack Hammer Executive Headhunters
Listen to the interview in the audio below (and/or scroll down for quotes from it).
We’re seeing companies who simply cannot afford to secure the candidates they’d like on board.— Tracy Dawson, Jack Hammer Executive Headhunters
You could talk about a correction, of sorts… We have a lot of hard years to overcome…— Tracy Dawson, Jack Hammer Executive Headhunters
It seems disconcerting, at first glance…— Tracy Dawson, Jack Hammer Executive Headhunters
Those 30%+ salary hikes were unsustainable… it doesn’t make sense to push your budget out too far.— Tracy Dawson, Jack Hammer Executive Headhunters
We’re looking for solutions, not selling the body to the highest bidder…— Tracy Dawson, Jack Hammer Executive Headhunters
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This article first appeared on 702 : Average salary increases offered to headhunted talent fall to 21%