Top compensation is the most effective method for companies to fill accounting, finance, and HR roles. Salary and benefits are the top factors influencing which job offers candidates accept.
However, knowing how to set a competitive compensation range for top accounting, finance, and HR talent can be challenging. Fortunately, the following methods can help.
Use the following insight to help determine compensation for your accounting, finance, and HR roles.
Consider the Job and Company Criteria
Include a range of factors when setting a compensation range for an accounting, finance, or HR role:
- Department
- Job title
- Job level
- Category
- Job duties
- Job responsibilities
- Function
- Company size
- Industry
Include the Candidate’s Qualifications
Consider the candidate’s background when offering compensation for an accounting, finance, or HR role:
- Education
- Knowledge
- Skills
- Experience
- Expertise
- Time in previous roles
Focus on Job Market Criteria
Uncover relevant details about the local, regional, and national markets for accounting, finance, or HR roles. Use these benchmarks to understand the marketplace better and set adequate compensation ranges for your geographic area:
- Market demand
- National average for compensation
- Regional variance
Partner with a Staffing Agency
Gain additional insight into competitive compensation for your accounting, finance, or HR roles by working with a recruiter from a staffing agency specializing in your industry. The recruiter thoroughly understands the job market and what candidates are looking for in employers. Therefore, the recruiter can help you set compensation ranges to attract qualified candidates to your job openings.
The staffing agency recruiter can match you with experienced candidates to fill your accounting, finance, or HR roles. Because these candidates are vetted, you save time and money on the hiring process:
- You interview the candidates.
- You extend a job offer to the selected candidate.
- The recruiter negotiates the job offer on the candidate’s behalf.
- The recruiter helps with onboarding.
- The recruiter regularly follows up to ensure complete satisfaction.
- If the candidate does not work out, you can request a replacement at no cost.
Work with Connectology
Partner with Connectology for customized insight into competitive compensation for your accounting, finance, or HR roles. Reach out to us today.