All You Need to Know: Salary Guide
As you can see from the past year, the job market is ever-changing, and salaries are no exception. Before 2020, when you had a job opening, all you would have to do was post it on a job board and wait for the influx of resumes sent to your inbox. In today’s job market, you have to go out of your way to attract candidates to apply for your company’s job opening.
If you are looking to get a leg up in this job market, staying up-to-date on the latest wage trends is essential. Here is everything you need to know about salaries in 2022. Welcome to City Personnel’s 2022 Salary Guide.
What to Consider When Offering Salaries
When it comes to seeking a new hire for your company’s job opening, there are many things to take into consideration before giving a salary range.
First, what are the main duties of the role you are seeking to fill? How many years of experience are you requiring for the role? Where is the role located?
As you can see, when it comes to hiring candidates, you will need to consider many things before discussing salary. If you are seeking entry level candidates, you can expect to pay a lower wage than if you were seeking candidates with several years of experience.
Additionally, you should consider the location of the position. If your office is in Boston, MA, expect to pay a lot higher salary than if your office was located in Pawtucket, RI.
Also, the size of your company should be taken into consideration when determining compensation. A company with 20 employees and a company with 2000 employees may have the same job opening, but larger companies generally offer higher salaries and bonuses because they have more resources.
Lastly, take into consideration other benefits that you offer. Employees see salary as a significant influence on their decision to join a company, but other benefits are also important. These benefits include PTO, health coverage, sick days, remote work flexibility, and much more.
The 2022 Salary Guide below is just an overview of Providence, RI, salaries in 2022. These are estimations, and many other details we listed above should be considered before deciding how much your company should pay an employee for their work.
Competitive Salary in Today's Job Market
There are many resources online that can help your company to determine a competitive pay for your new job openings. Some resources are free, others cost money, but here is a list of the best options available:
Payscale (Paid): Receive one free report per year on a job opening’s salary information in your area. Additional reports cost $100 each (minimum of 2 purchased at one time)
Salary.com (Free): Search the average salary for different positions in your city. The analysis includes salary, bonus projections, benefits, and more. The free version is for candidates, and the paid version is for employers.