A Robert Half survey released earlier this year indicates more chief financial officers (CFOs) are willing to negotiate starting salaries for new hires. This stems in part from the more active hiring market across the United States, and the Dallas metropolitan area is no exception to this rise in activity. The Federal Reserve Bank of Dallas and U.S. Bureau of Labor Statistics figures show a preliminary unemployment rate of 4.2 percent for January 2015 and 4.0 percent for February 2015, both well below the national average of 5.5 percent. So what exactly does this mean for job seekers, current employees and employers in Dallas?
Job candidates and employees: Negotiating for higher pay
Over 40 percent of CFOs surveyed nationwide are more likely to consider salary negotiations during the interview process now than they were a year ago. This is especially good news if you’ve been looking for a new position in the Dallas area, where unemployment is considerably below the national average. More organizations hiring means job seekers and current employees may have more options. Asking for higher pay can be intimidating, but if you’re clear on your goals during salary negotiation, your chances of success improve.
Employers, top talent is hard to find. Professional and business service hires have seen overall growth, according to the Texas Workforce Commission’s most recent jobs report, with a 4.0 percent increase — or 61,300 jobs — in that sector over the past 12 months. Make sure you’ve got the interview process down to a science, because a highly skilled, experienced candidate is definitely worth negotiating for.
Have some firsthand info? Share your take on the Dallas hiring situation in the comments below.