back 30th Mar 2015
One in five lie about salaries to prospective new employersA new study has discovered that almost one in five (18%) UK employees confess that they would exaggerate their current salary when speaking to potential employers. Salary inflation jumps to almost one in four (24%) among the 16 to 24-year-olds.
The Glassdoor research found that this is far higher than those that would exaggerate salaries with friends (eight per cent), partners (seven per cent) or colleagues (six per cent).
Of those employees that would inflate their salary with a potential employer, the average ‘inflation’ is 18%. Based on the median salary in the UK (£22,044), this is an increase of £3,968. Recent figures show that the average salary increase for UK employees was just 1.7% so this fictional pay rise could be problematic for employers when it comes to benchmarking salaries. Further research shows that one in three (32%) existing employees would ask for a pay rise if they found out a new recruit was earning more money than them.
Jon Ingham, Glassdoor career and workplace expert, comments: “Inflating your existing salary when speaking to new employers is not a strategy I would recommend. There are far more effective ways to negotiate a higher salary when you are applying for a new job – the secret is to do your homework and then not be afraid to ask.”
Ingham adds, “Most employers do not intentionally try to scrimp on salary offers, but they will usually start with an amount that is lower than what they are willing to pay, based on the assumption the candidate will try to negotiate upwards. This ‘buffer’ ensures the employer is not paying a disproportionately higher salary than they pay existing employees in similar positions.
“Failure to synchronise salaries across a business for both new and existing candidates can lead to a sea of discontent if employees discuss their pay with colleagues.”
Ref: Recruitment Grapevine