Impact of online salary data

I am the CEO of BeecherMadden, a niche recruitment business focussed on corporate governance, with offices in London and New York. We produce annual salary surveys and regular updates on salary trends.

Online salary data, can be highly misleading for companies when setting salaries for new roles. Particularly in niche roles, or growth markets, this data is often outdated and not reflective of the current market place. Companies who rely on this information, may find they are setting too low a salary bracket for a role. This means that they will not get the right talent, or that their hiring process will take longer than it should. Companies should consider enlisting professional salary surveys, or utilise recruitment businesses, who can provide up-to-date information, that will be more accurate and reflect the talent pool currently available.

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