It can be tricky at the best of times for the client companies of recruitment agencies in Dublin to decide how much to pay their staff, but it can be even tougher when the business is a start-up. After all, you’ll still facing the same stiff competition for talent as the larger corporations, and the right balance will have to be struck between financial viability and getting the right person.
Yes, you will need to pay the going rate. But what is that rate, and are there other things you can do to get the best candidate signing the dotted line?
Evaluating the role
You won’t be able to gauge the appropriate level of pay without first evaluating the role’s responsibilities and the expertise that you need in your employee. It makes a big difference whether the job is a basic admin role or a more specialised one, as well as whether your new hire will be doing simple, repetitive tasks or more complicated, continually changing ones.
The level of decision-making responsibility also plays a big part. Bigger companies are known to use more formal evaluation schemes to ‘score’ jobs, but this isn’t necessary for a company’s very first recruit.
It’s about the candidate, too…
The right level of pay isn’t merely determined by the role itself – the candidate’s professional qualifications and experience also count for a lot. If you’re unsure what to pay a skilled professional in a given field, you’ll find the main findings of many regular pay surveys available for free online, from many of the leading professional bodies, giving you a useful benchmark for salaries.
Put together the complete package
It’s impossible to overlook the great importance of the right salary, but it’s hardly the only factor for candidates. You can boost your chances considerably by offering the right challenge, career opportunities, job security, flexibility and other ‘benefits in kind’.
Great possible benefit options include everything from health insurance, childcare vouchers and share schemes to tuition reimbursement, season ticket loans and ‘dress down Fridays’. However, you should also ensure that any benefits reflect your business’s value and are affordable.
You should also remember to plan ahead to take into account rises in salary for your staff in recognition of achievement. Get in touch with Webrecruit Ireland, one of the leading recruitment agencies in Dublin, for help with finding that ideal first start-up employee.
This website uses cookies to improve your experience. By continuing to use our site, you agree to our Cookies Policy and the placement of cookies on your device. Accept
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.