So, you have found the right candidate for your client after going through rounds of interviews and ticking each and every requirement put forth by the client organization. But, the bone of contention comes in the form of salary. The candidate demands an increase in salary and there is no scope for stretching the salary budget for the client organization. Each and every salary component is maxed and there stands no room for more stretching.
📷
Is This Situation A Dead End?
No, it is not! In such situation, the executive search firms in Canada believes in offering certain ‘value adds’ to the candidates which can complement the salary offer and make the package look delightful. The ‘value adds’ can even be tailored in accordance with the personal needs and requirements of the candidates.
So, what are such ‘value adds’ that can make the offer an attractive?
📷
Vacation Time
There are a great number of employees these days who look not only on the salary factor, but also, the work life balance which the job provides. For such candidates extra vacation time can act as a good value add-on. The top executive search firms in Canada chalk out the plan of providing several days as holidays to the employee which can be used at employee’s discretion. This way, the candidate may forgo the salary package being offered.
📷
Growth Strategy
Career development is a crucial factor for many. If the clients can’t increase the salary package, the representatives of the global executive search firms in Canada sit with the candidate and chalk out the growth plan. This is inclusive of providing commitment to the candidates for providing training or performance based promotions.
📷
Six Monthly Salary Review
Perhaps at the moment the budget may not allow the inflated salary package, but, six months hence, the budget may allow the same. In such a situation, the new hires can start at the salary package as negotiated by the client organization and a promise for revision of salary after review in 6 months can be made. This way the business organization can buy time to allocate funds and also act as a motivator for the new hires.
📷
Medical Benefits
The candidates may be provided with a comprehensive medical program which may be fully funded by the business organization. There is no denying the fact that each and every job seeker knows the cost of the medical services and will appreciate if such a facility is given by the employer. This will make the new hire appreciate the gesture of the employer.
📷
Signing Bonus
These days the companies are offering a signing bonus to the new hires whenever their budget falls short in meeting the expected salary of the candidate. This is a good way to make the new hire elated who will in turn work to increase the revenue quotient of the organization.
📷
Flexible Working Hours
Work from home or early or late shifts, as per the requirements of the new hires. The flexible work schedule makes it easier for the candidates, particularly, those who commute for long distance or have to shoulder parental responsibilities to manage work and achieve their career goals.