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Pros and Cons of Using DOE on a Job Posting:
Pros
- The use of this industry-specific acronym streamlines your job postings.
- You get to know more about candidates' background, qualifications, and skills before committing to a salary range.
- It shows potential hires that you are flexible regarding salary negotiations.
- You get to reward candidates that have additional experience beyond the minimum requirements for the job.
Cons
- A clear indication of your salary range would be more useful to applicants. A 2016 Society for Human Resource Management study showed that almost 75% of job seekers want to know your company's salary range.
- Some job seekers may avoid applying because they assume it is not worthwhile.
- May waste time as it attracts job seekers who are not interested in your salary range.
- Could attract inflexible candidates instead of those that are eager to learn.
- Could show that you don't know what you are looking for.
- Unsuitable for job ads in small companies, especially if you have only one position to fill.
Go in-depth into employee pay with this employee compensation plan. Also, learn more about OTE or on-target earnings compensation.