SALARY SURVEY – OUTLOOK FOR 2022/23

The Power of Togetherness in Recruitment

At Sharp Consultancy, recruitment is about much more than filling job roles. It is about bringing people together, building lasting relationships, and creating opportunities where businesses and individuals can thrive. That's why one of our core values, Togetherness, is at the heart of everything we do. Successful recruitment isn't simply about matching a CV to a job description. It's about understanding people, their ambitions, and the culture of the organisations they will become a part of. That's why we meet with both clients and candidates alike, taking the time to get to know them, understand what they're looking for, and ensure we achieve the perfect match. We work closely with everyone involved to understand what success looks like from both perspectives. By working together, we create stronger matches that benefit businesses, employees, and teams for the long term.Togetherness means investing in relationships For our clients, this means becoming a trusted recruitment partner who understands their business, challenges, and future goals. We don't just recruit for today's vacancy, we help build a team that aligns with your values and ambitions. For our candidates, it means providing honest advice, guidance, and support throughout their career journey. Whether someone is looking for their first opportunity, career progression, or a complete change of direction, we're there every step of the way. The best recruitment decisions happen through collaboration We believe open communication, transparency, and shared goals lead to better hiring decisions. By encouraging honest conversations between employers, candidates, and our recruitment consultants, we create an environment where everyone feels heard and valued. When people work together, better decisions follow. Togetherness doesn't stop once a placement has been made At Sharp Consultancy, we continue to support our clients as their businesses evolve. From workforce planning to recruitment strategy and talent advice, we're committed to building long-term partnerships that grow alongside our clients. Creating Opportunities for People Every placement represents more than a job. It's a new chapter in someone's career, a fresh opportunity for a business, and the beginning of new working relationships. We never lose sight of the impact recruitment has on people's lives. By treating every candidate with respect and every client as a valued partner, we create experiences built on trust, professionalism, and mutual success. Togetherness is more than one of our values, it’s how we work every day It's reflected in every conversation, every recommendation, and every successful placement we make. We believe recruitment works best when it's built on collaboration, trust, and genuine relationships. At Sharp Consultancy, we're proud to bring people together, helping businesses find exceptional talent while supporting individuals to achieve their goals.

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After what for many has been a turbulent couple of years, we are again witnessing a period of immense change for businesses and organisations as they grapple with a return to ‘normal’.

The recruitment market is more competitive now than it has been at any time for a generation; and whilst demand for candidates is at an all-time high, supply has been artificially depressed. As a result of the vast number of injections of flexibility into working practices and increased staff retention efforts, there is a far lower desire amongst employees to make a move than we would normally expect to see.

And for companies, it simply hasn’t been a case of a return to life pre-pandemic; sensible employers will have had to adjust their outlooks and consider hard what the potential impact will be long term of the decisions they are taking now to appease their employees.

Demand for top talent is high and with a scarcity of candidates, many employees may feel that they are in a stronger position to work the situation to their advantage in order to secure, not only the salary and benefits package and career progression routes that they desire but also, the working hours and flexibility that they feel they are entitled to insist upon so that work does not become an ‘inconvenience’ on other areas of their lives.

Expectations are changing; where previously it may have been viewed that leadership roles and accompanying salaries came with certain ‘sacrifices’, there is a huge pendulum shift as the drivers for flexibility move beyond adjustments for say, childcare or caring responsibilities, into lifestyle and personal interest choices which, pre-pandemic, would have been fitted in and around the demands of the job.

Employers need to balance the fine line between the consequences of any decisions that they make to accommodate employee demands and ensure staff retention alongside the impact that these may have upon other team members and business productivity.

Businesses that have been afforded with good retention records in recent years and have not had to go out into the market on a regular basis, may find that in the current market - where salary levels are moving rapidly and are extremely fluid - their own salary and benefits packages are a little out of line. They must weigh up the impact of a couple of resignations and – assuming that your top talent is likely to be approached – decide if pre-emptive measures are needed to address any shortfalls.

Reviews will need to be conducted more frequently – half yearly or in some cases quarterly – and whilst benefits themselves haven’t seen much change, employers should be mindful of the current market situation and consider, in scenarios where bonus levels could be increasing, introducing a claw back option into contracts.

The fluidity of the market makes it imperative to seek out specialist advice and assess situations from both employer and employee perspectives – if as a business you are hearing there is a lot of demand for candidates, you can be sure that the same advice is also being given to your employees if they are on the look out for a new opportunity.

Will we see much change? With a swirl of events both home and abroad possibly having a significant impact on consumer spending and potentially slowing down predicted growth, the coming 12 months look to be anything but predictable.

Lee Sweeney is Executive Director at Sharp Consultancy and advises major accounting practices, venture capitalists and banks in the North of England on the appointment of senior finance professionals; contact Lee on 0113 236 6300 or lee@sharpconsultancy.com