Recruit top talent with competitive compensation

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What’s in the secret sauce to recruit top talent? What are candidates thinking about when considering where to apply or which offer to accept? They’re evaluating everything from company culture and growth opportunities to the manager and team they’ll be working with. But let’s be honest – compensation is a critical factor that can’t be ignored. All those avocado toasts and oat milk lattes won’t pay for themselves!

Competitive compensation still a top candidate priority

While there are a number of factors candidates consider, pay is the top motivator when accepting a new job. According to a recent study by Aerotek, 40.6% of respondents said it matters more to them than anything else.

But the 2024 Greenhouse Candidate Experience Report highlighted a major mismatch between candidates’ expectations and the compensation packages they’re being offered. 53% of job seekers reported that they received excessive praise and flattery during the hiring process only to be disappointed by inadequate salary and title offers that didn’t match their qualifications, skills and experience.

If you’re committed to creating a standout candidate and employee experience and recruit top talent, you’ll need to keep your finger on the pulse of what competitors are offering candidates. This knowledge is the key to attracting and retaining top talent and ensuring your employees feel valued. But how do you do it?

Introducing the Greenhouse Pave Market Data partnership

Greenhouse is thrilled to announce our new partnership with Pave Market Data, which gives you insights on the candidate and employer market in one place. This real-time offer dataset is based on over one million yearly global job offers across 6,300+ companies in 50+ countries.

Market Data with Offer Insights by Greenhouse gives compensation leaders the data and market trends you need to understand the hiring landscape and build a compelling, fair and equitable compensation strategy. You’ll get the latest benchmarks on salary, equity, variable pay and more from the largest compensation dataset available.

You can close top talent without over or under-paying candidates and retain your best performers by using real-time talent insights. Now it’s easier than ever to take the guesswork out of compensation and ensure you’re paying top talent what they’re worth.

Want to learn more about how Pave and Greenhouse work together so you can recruit top talent? Find out here.

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