TOP 5 Business team hands at work with financial reports and a laptop

Our top articles from April include highlights from a report on salary discrepancies, tips for managing candidate relationships, and an interview with Ira S. Wolfe, the President of Success Performance Solutions. 

#1. 56% of Companies Report Salary Discrepancies Between New Hires, Tenured Staff: Robert Half

Over half of companies pay their tenured staff differently than their new hires, a phenomenon known as “pay compression.” Most companies were offering pay raises this year, with merit-based raises making up the largest majority, followed by raises to compensate for salary stagnation during the pandemic.

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#2.  Recruitment Process Outsourcing: How to Leverage Talent Outsourcing to Hire the Best Talent and Save Money

Recruitment process outsourcing (RPO) is another term for outsourcing talent acquisition. This can be a good option for companies looking to concentrate on their business objectives and trust an RPO partner with the task of finding quality talent. 

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# 3. Are You Managing Your Candidate Relationships Effectively?

Candidate Relationship Management (CRM) platforms, when optimized, can give companies a competitive advantage by highlighting relationship building within the candidate pool. Well-designed CRMs provide candidate-preferred communication options, talent pool management, and advanced talent search capabilities. 

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#4. Ira S. Wolfe, President of Success Performance Solutions, on the Adaptability Quotient and Getting Comfortable With Change

Ira S. Wolfe, President of Success Performance Solutions, talks about starting out his professional career as a dentist and eventually pivoting to start his own HR consulting firm. He shares his thoughts on the ever-present nature of change and how a mindset of adaptability can be a valuable asset.

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#5. Employment Trends Index Reaches 120.56 in March

Another quarter of steady job growth is expected, as the Conference Board Employment Trends Index rose to 120.56 in March. In-person services and other industries that have yet to return to pre-pandemic levels of employment are expected to have the highest job gains over the next few months.

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