4 Reasons to Include Pay in Your Job Description
New laws are in place and rolling out in some areas that impact the recruiting world—salary transparency laws. Some cities and states are requiring employers to list salary ranges for job openings or to accurately disclose it when asked. Lawmakers are initiating these movements in an effort to close the gender and racial wage gaps. We fully support their motivation in doing this, but let’s talk about why you should have been doing this anyway (and you should do it, even if not required).
Saves resources.
Time and energy are precious resources to all companies. Recruiting and hiring consume a great deal of these resources—reviewing resumes, corresponding with candidates, scheduling and conducting interviews, and checking references. Listing pay information on the job description will reduce the number of applicants. Those who would never accept the job due to having higher salary requirements will self-select out. Time is money. Working an applicant through your entire hiring process to ultimately find out you can’t afford them is a significant waste of your resources.
Transparency builds trust.
Stating the pay rate for an open position sets the tone that the employer isn’t trying to hide anything or avoid particular topics of discussion. This is the first step of clear communication with your future new hire. It shows that communication is valued and prioritized in your company.
Creates a culture of worth.
The ultimate goal of a job posting is to hire an employee who performs well while being satisfied with the job. Performance and job satisfaction are directly tied to your company culture. Company culture is based on healthy work relationships and employees feeling valued. Sharing the pay details (prior to being asked) demonstrates that your company understands the worth of the person filling the position.
Competitive recruitment.
When comparing job postings, an applicant is much more likely to apply for a job that they know will pay at a rate that is acceptable to them as opposed to a job listing that doesn’t share that information. Effort matches effort. Sharing the pay details in the job posting takes little effort, but can prompt candidates to put forth the effort of applying to work with your company. Failure to do this may result in qualified candidates applying at other companies that do put forth this effort.
You can craft a wonderfully-written job description. Clearly state the expectations of the role. Share the amazing benefits your company has. But the omission of pay information will hold back your recruiting efforts and hinder your hiring process. In order to be effective, a job description must provide all the details necessary for candidates to make an informed decision about the position.
Want to learn more about crafting job descriptions that work? Download The Hiring Process Toolbox.
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