With more and more job boards suggesting salary information when posting jobs and some states in the U.S. now requiring that companies disclose this information, we've added a Salary Field to your job templates and encourage you to start using it.
This article will quickly help you understand how to use the Salary Field and then detail the reasons why this information could be an important part of your job listings.
Tips for Using the Salary Field
- The Salary Field is Optional and can be left blank.
- The Salary Field will be found directly under the Job Description text box when you create a new job. If you'd like to add these details to an existing job, please use the drop-down arrow next to the job title on your Dashboard to Edit Job.
- At this time the Salary Field is only available in USD. You can use a free rate converter to determine what the USD value of your Salary would be if posting the job in another currency. Simply type "currency converter" into the browser of your choice to find an available tool.
- If you'd prefer to use a single rate and not a range, please add your salary details to the Max box and leave the Min blank. Rules currently in place require that the Minimum rate be lower than the Maximum rate OR be left blank.
- Rates of pay currently offered are Hourly, Weekly, Monthly & Annually which align with most job boards. Some job boards will allow additional options (like a "day" rate) and when sponsoring a job to one of these job boards you will be able to overwrite the info you added into the Salary Field to adjust for those alternative rates. You would do so when using the Post to Job Boards shopping cart area.
- Do not include multiple salaries within the job title or job description as this may cause confusion for Job Boards when posting your job.
- If you intend to pay with 1099 options, you can include that information in the Job Description.
- The Salary Information will appear on your Careers Page, directly under the location information.
- The Salary Field can only accept numbers and decimals and will not accept commas, spaces between numbers, letters, or other characters. Please see the chart below:
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The following job boards support the Salary Field at this time:
- ZipRecruiter (Excluding Daily)
- and the majority of our Free Boards that display salaries
If you have any questions or run into any unexpected issues, please create a support ticket and let our team of experts help you!
6 Reasons You Should Include Salary Details
1) Job Boards are starting to include ranges
Many job boards are starting to include salary information, whether you like it or not. We've had several Hiring Managers reach out to our Support Team in a bit of a panic because a job board listed an "expected salary range" that did not fall into the range they were planning to offer. The only solution for this issue is to post the range you expect to offer for your job and avoid the job board algorithms determining one for you.
2) Salary is one of the first things job seekers look for when browsing job descriptions.
When LinkedIn studied what parts of a job description were most important to candidates, compensation came in at the top with 61% of applicants highlighting those details.
3) Increase Your Applicant Traffic
Applying for a job takes time and candidates need to know that they are applying for a job that will meet their minimum requirements. When you list the salary information for your job you make it clear what is in the offer and give top candidates a reason to stop scrolling and apply for your position. Some job boards report a 40-50% increase in Applicant Traction when salary details are included. Additionally, providing this info to qualified applicants can speed up the hiring process as Hiring Managers have to spend less time fielding salary questions from applicants that may withdraw if the numbers don't meet their needs.
4) Diversity and Inclusion Means Pay Equity
With Diversity and Inclusion Training coming to the forefront of Corporate Culture, transparent salary practices help align your company with ethical choices. In 2020, full-time, year-round working women earned 83% of what their male counterparts earned, according to the Census Bureau’s most recent analysis. Women of color make even less than their male counterparts with that number ranging from 57% to 63%. The simplest way to help your company avoid wage discrimination is to publicly list the salary range for your posted jobs.
5) Millennials Demand It
“Millennials are most likely to discuss their compensation with their parents (71%) or their friends (47%). In comparison, older staff are substantially less likely to discuss their compensation with co-workers (19%), friends (24%) or parents (31%).” - Jennifer Deal, ‘What Millennials Want From Work’
Millennials will constitute 75% of the workforce by 2025 and one of the hallmarks of this generation is a sense of openness and honesty about finance and company work ethics. Working to include and attract this generation to your team will become a vital part of your recruiting over the next couple of years, so it only makes sense to include information that they actively seek.
6) Salary Details are Becoming Required by Some States
Some companies may be inclined to dismiss the reasons above, perhaps for the sake of tradition or their belief that they have greater negotiating power by keeping these details confidential. However, several states in the U.S. are now requiring that companies disclose salary information when posting a job. It is widely anticipated that more and more states will be jumping on that bandwagon over the next couple of years. Being an early adopter of this practice in a state that does not require it will help your company stand out to applicants and will help them feel like they are applying to a progressive company that values transparency.