Feb 13, 2023
Get ahead of new year hiring challenges with the Cast UK Salary & Benefits Guide 2023
2022 has been arguably the most difficult year for recruitment to date. The war for talent has reached its most intense point, and a shortage of skilled candidates has left employers struggling to achieve headcount and their company's strategic goals.
To prevent a repeat of the same in 2023, employers need to get ahead of the game. Armed with the right data and insights, hiring managers can overhaul recruitment strategies ready to hit the ground running at the start of the new year.
It's vital to ensure that your organisation is offering what candidates want - what are they looking for in terms of salary, benefits and company culture, and what do they really value in an employer? Get under the skin of your targeted talent pools, and you’ll have a better chance of enticing them away from the competition.
To help organisations hire better, we’ve put together our annual CAST Salary Guide UK. This guide summarises the results of our annual candidate survey to ensure businesses know exactly why employees look to leave their current role and what attracts them to potential employers. Specialisms surveyed include:
- Supply Chain
- Buying & Merchandising
- Procurement & Purchasing
- Warehousing & Transport
Key takeaways from the Cast Salary & Employer Benefits UK Guide 2023
Let’s take a quick look at some of the major findings from our latest salary and candidate experience guide, sector-by-sector:
- Across most sectors, uncompetitive pay was named as one of the main reasons that employees look for another role. This was highest for Supply Chain (48%) and Logistics (41.13%).
- The most valued job benefit for candidates across all sectors was annual leave, along with pensions and bonus schemes.
- A surprisingly high number of employees are happy in their current roles, especially in Procurement & Purchasing, where a huge 76.19% of candidates reported high job satisfaction rates. As a comparison 74.42% for HR & People, 69.99% for Supply Chain, 58.38% for Buying and Merchandising and 54.21% for Logistics, Transport and Warehousing.
- The main cause of job dissatisfaction across most sectors was a lack of career progression, particularly in Buying & Merchandising where 40.08% of respondents naming it as less than satisfactory. Another source of frustration was performance recognition.
Preparing for 2023
The Cast UK Salary & Benefits Guide 2023 offers insight into employer benefits and works as a tool for employers to follow in order to overcome hiring challenges in the 12 months to come.
This includes measures such as increasing the focus on improving work/life balance, and making employee wellbeing a top priority. Plus, employers should be putting major work into fine-tuning their Employer Value Proposition (EVP), then developing an effective and authentic strategy for communicating it. This could be a powerful weapon in differentiating your organisation and helping to attract talent, given that social proof from existing employees goes a long way to positively amplifying companies' employer brand.
If you would like to discuss some of the findings from our latest survey and how we can help you attract the talent your business needs to achieve in 2023 why not get in touch? Cast UK is here to help with hiring challenges in 2023 and beyond.