Looking for workers in a job seeker’s market? Employers have to pony up

,” the executive told the Dallas Fed, adding that the vast majority of those candidates didn’t even show up for an interview.

Denton’s firm advises clients on pay trends, including how much to offer candidates. In Dallas-Fort Worth, the biggest pay-bump recommendations are going to some of the highest-paid job clusters: operations, finance and technology. That may help explain the gap in pay expectations. A year ago, just 34% of Texas executives said that applicants were looking for more pay than was offered. Since October, over 50% of execs have cited the problem in three rounds of surveys.,” an administrative services exec told the Dallas Fed. “The workers with résumés that I really liked were hired by other firms before I could get interviews.

To attract talent today, the No. 1 requirement is paying the market rate, he said. A Robert Half survey found that 57% of Dallas firms were increasing starting salaries and 40% were providing signing bonuses. “Give your people raises before they start doing their own research and realize they’re being underpaid for their skills,” Malone said.In oil and gas, one of the highest-paying sectors in Texas, the rate has plunged almost 11 percentage points in the past year. The jobless rate for leisure and hospitality workers, who were hit hard by the pandemic, has fallen by half.

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