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Salaries

Why we don't state salaries!

    Clients will provide a salary range based on a particular position, and the experience they require of a candidate. Should we state the salary offered by our client, and the candidate is already above the high end of the salary offered by our client, the candidate will most likely refuse to entertain the opportunity. Additionally, if we were to state the salaries to our prospective candidates without having complete knowledge of their background, skills, current compensation, et cetera, it would be impossible to put a value on that candidate. It is the responsibility of our executive recruiters to identify candidates that fall within the salary parameters given by our clients.
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What determines base salary?

    Painful as it may be, this isn't 1999 or 2000. Companies were hard fast to find people to fill positions to handle their growth two or three years ago. Those same companies are now being more selective in their hiring, and far more conservative when offering base salaries. Candidates who understand the companies' motivation, and are able to articulate their value to a company, are in a better position to command a higher compensation package. When it comes to "top performers", hiring authorities can justify a higher base salary, sign-on bonus, and a better than average performance bonus.
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Why would a candidate consider a lesser base salary?

    One reason may be that the opportunity is a commission driven position with unlimited earning potential. Other reasons might be exposure to the opportunity for upward mobility, broadening the use of their skill sets, and obtaining more responsibilities in the new position. Geographic location could play a major role in a candidate's decision to accept a position that pays less than his current salary due to a lower cost of living, or perhaps, the shortening of their commute. Furthermore, who would want to live in freezing winters when they can live in sunny San Diego, California year round?

    Another major reason would be that a candidate may feel that they may be impacted (or may already have) by downsizing, merger, consolidation, et cetera. In a tight labor market, it may be necessary to accept a lesser salary to insure stability and/or job security.
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Conclusion:

    There are many considerations when it comes to accepting a position with another company. A candidate's motivation to accept a position with another company is not solely based on salary. Therefore, it is in the best interest of a candidate to be proactive by "taking a look" at an opportunity that may be an overall improvement over their present position.
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financial banking recruiters jobs employment careers work