Bringing in top job applicants is a priority for many hiring managers. The right candidates can transform a business, bring in higher sales and improve company morale. Drawing in these candidates is tougher than ever – a recent study found new MBA graduates are receiving multiple job offers and have their pick of where to work.
According to a survey by Training the Street, a corporate training provider, MBA graduates are being aggressively sought after by big banks and other organizations that are willing to pay competitively to bring in new talent. Around 48 percent of respondents said they felt “very optimistic” about job prospects, while 41 percent said they were “somewhat optimistic.”
With job offers increasing, it’s important for a company to keep up with competitors and bring in the best and brightest. One of the best ways for a company to attract candidates is to offer strong incentive compensation plans as part of a hiring package.
A hiring manager or HR professional can offer dynamic incentive compensation programs that will help a company stand apart from a crowd. By tying performance to compensation, potential employees will understand they have control over how much money they make – top performers will be drawn to this format, as they will know they can thrive in such an environment.
Incentive compensation plans reward achievers, and those graduating with MBAs from top-notch universities are likely already thriving. During an interview or when offering a position to a candidate, a supervisor can explain the benefits of a company’s current compensation plan and how it rewards talent and hard work.
Recent MBA graduates are receiving offers from everywhere around the country, giving them large control over the hiring market. A strong incentive compensation plan can play a significant role in winning over an applicant who will drive a business to new heights.
