Pros and Cons of Increasing Your Starting Pay

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Employers are finding it’s more difficult than expected to recruit top talent. Even as the economy begins to rebound and more people can go out (as more get COVID-19 vaccinations), there still isn’t a high number of applicants for vacancies.

Source: pong-photo9 / shutterstock

This leaves employers trying to figure out what can be done to improve their odds of attracting, hiring, and retaining the right people. One clear option would be to increase their starting pay. Let’s look at the pros and cons of making this type of adjustment.

Advantages of Increasing Starting Pay

Here are some

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