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Many employers have been searching for the best way to attract and retain talent in the midst of one of the fiercest talent wars yet. Sixty-four percent of organizations in this study indicate they are occasionally to very frequently offering candidates starting salaries outside the regular starting pay ranges as a tactic to try and gain talent.
As a result of the talent challenges, 85% of organizations have adjusted the pay ranges in their organization for 2022 to recruit and retain talent. However, standard pay is just one tactic of attracting talent. Other bonuses and incentives are being promoted as a part of recruiting and retention strategies in this challenging time.