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Candidate bargaining power has started to "re-balance"

Unrealistic starting salary demands are on the wane, and candidates' bargaining power has already started to "re-balance", according to Robert Half APAC senior MD David Jones.

Commenting on findings in the 2023 Robert Half Salary Guide, Jones says that in 2023, "it will become rarer to see high-percentage increases for both candidates who move companies and those who stay with existing employers".

The guide – which is based on a survey of 300 hiring managers, including 100 CFOs and 100 CIOs – notes that while starting salaries are still trending upward, particularly for roles in technology and finance, two years of high salary jumps have left some candidates with unrealistic expectations, especially amid talk of an economic downturn...