The rise in compensation: What employers need to know to attract top talent

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There is fierce competition to hire top talent as businesses try to recover from the “Great Resignation,” “Great Rehiring,” and now “Great Return.” Companies are scrambling to meet aggressive growth targets by hiring people from all industries who are currently available on the market. Talented professionals, on the other hand, understand how important they are to business operations — and how much companies are willing to pay for them, pushing the market rate even higher.

Employees have refused to remain dissatisfied with their current jobs, and millions of Americans have quit in the last year as a result. Following the pandemic, candidates’ priorities have shifted. They are now looking for higher wages and more flexible working arrangements that allow them to maintain a work-life balance. Because of this, businesses have the opportunity to adapt to shifting workforce trends in order to attract and retain the most qualified professionals. More companies than ever before are embracing remote work to its fullest extent, resulting in unprecedented increases in compensation within the tech sales industry and beyond.