Inc. All rights reserved. This time last year, my company held meetings that focused on how to increase perks and incentives to attract and retain staff. We were looking for a senior manager and felt we couldn't compete in the market unless we were willing to hike up our starting salary, promise promotions and load the offer with other extras. This year's job market calls for new tactics.
Candidates are plentiful, which is good news for small, home-based businesses.
Salaries have dropped, and many job-seekers are looking for a place to call home rather than a quick rise to millionaire status. The search for strong applicants will cost less than it did last year because more applicants are reaching out to find the right jobs. Although these changes ease the hiring burden, they present new challenges. To hire right, you'll need to sort through the hype and find candidates who fit with your business. With more candidates in the marketplace, you may have room to hire someone on a trial basis, with the potential of full-time work.