Dallas Texas Employment Agencies Share What Salaries to Offer Your Engineers
Many experts today suggest that the skills gap prevalent among candidates is really a matter of discrepancies in pay rates offered for positions available. During the recession many businesses lowered salaries in an attempt to recover but some have not yet raised these back to the industry standards. Here are some things to consider when you’re thinking about engineering salaries for your company.
- The specialty is important. As you know, not all engineers are the same. Depending on the specific skill set you need for your organization you will have to judge the salary offering based on the candidate’s requirements. Mechanical and electrical engineers in Dallas can both earn an average of $80,000 a year while an engineering manager can make around $110,000 annually in the Dallas area.
- Understand your needs. Before you begin to search for an engineer for your firm take a full inventory of the job duties of this role. Can this job be performed by someone with an entry-level skill set? Do you need someone with prior professional experience? Depending on your needs you may have to adjust the salary levels of the job to compensate the right candidate.
- The walk away number. Every person who walks through your doors as an engineering candidate should have a number in mind that they need to earn to accept your job. They will base this in their skills and abilities as well as what they need to effectively perform their job, pay their bills, and save money for their future. Don’t lose out on an excellent candidate because of a few thousand dollars. Be willing to negotiate. A bad hire will cost significantly more in the long run.
- The cost of living. Dallas currently stands at nearly 1% higher than the Texas average for cost of living. It is also 8% lower than the national average. The affordability of the Dallas area makes it attractive both for businesses and individuals. However, this doesn’t mean that the salaries should be unnecessarily low. Paying a living wage is one of the best ways to ensure loyal and satisfied employees.
Are you looking to add engineering staff to your firm? Three Pillar, a leader among Dallas Texas employment agencies, can partner with you to find the right talent!