Fewer Companies Hide Salary in Job Advertisements
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The vast majority of jobseekers are frustrated when they do not see the salary offered in a job advertisement, and employers are often unnecessarily burdened by interview processes that do not result in a deal because of financial considerations. Fortunately, there are fewer and fewer companies that do not include salary information in job postings, according to job search website Profession.hu.
The number of job ads on Profession.hu in which companies make salaries public has increased almost one and a half times compared to the previous years. Positions advertised in this way can attract up to 50% more applications and have a long-term positive effect on the labor market as a whole.
Research from the leading job portal shows that workers are increasingly (82%) motivated to change jobs for a higher salary. This is why most of them (70%) are highly bothered when searching for a job without a salary. If this only becomes clear at the end of the recruitment process, it is not only a waste of their time but also of the employers' time.
"Profession.hu has been one of the most committed advocates and promoters of transparent salaries for over 10 years. We know from numerous international examples that transparent pay relieves companies of many burdens, helps job seekers to make decisions, makes the labor market more efficient, and whitens the economy. That's why, to increase the proportion of active jobseekers, we made it compulsory this spring to provide pay bands for certain types of online job advertisements. Since then, every fifth advertisement has included a salary," said István Martis, CEO of Profession.hu.
From this week, the job search site is making its "salary requirement analysis" service free for everyone, providing jobseekers with additional information they have never seen before.
"Most people always ask us how much value they have in the job market. In other words, how much their experience and skills can command in a particular position. With this tool, we can give a credible answer to this question for hundreds of jobs," added István Martis.
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