I Love Bookkeeping

Why should you ask candidates about their salary expectations? Co-hosts Hannah Robinson and Melissa Honan discuss how business owners can set salary expectations based on a candidate's skill level, experience, and location. Hannah and Melissa start the conversation by announcing that this will be their last episode on the podcast. Ben Robinson will go back to hosting the show next season. Hannah explains how inflation is changing salary expectations and making it harder to attract high-quality candidates. According to Melissa, the first step to navigating pay expectations is having an idea of the type of candidates your budget can attract. Melissa believes business owners should set a pay range for salary negotiations because stating a specific number can weaken your negotiating power. Hannah and Melissa describe why business owners should create and stick to a realistic business budget. Melissa is a strong proponent of fair pay and keeping up with inflation but never at the expense of your business. For Mel