Spoiler alert — compensation in the industry has not changed much in the past decade. Employers and candidates alike rely on research as a basis of comparison to ensure that their job opening or current position’s salary, respectively, falls within the average compensation range. To offer a different perspective, here are three short stories of employers who broke the mold by jumping outside of their initial range to hire the right person for the job.
Our client requested our assistance in filling their President role with an initial salary range of $150K to $200K. After presenting candidates within this scope, they then wanted to consider more seasoned professionals, even if it exceeded their original budget. Eventually, we sourced a terrific candidate who fell in the $300K to $350K range. Blown away by the applicant during the interview, the client doubled their original offer. Even though it was a massive swing from the client’s opening range, they were confident that the individual had the vision and skillset to surpass revenue goals, which justified the higher compensation.