The official blog of Abacus Group — a place to share our knowledge and thoughts on trends in recruiting

March 19, 2019

What to Consider Before Accepting a Job Offer

The job searching processes can be long and exhausting, so when you find a great fit and receive an offer, it can be hard not to say “yes” immediately. However, it is important to carefully consider all aspects of the job offer to know you’re getting everything you need and want from your future employer.

October 13, 2017

The New NYC Law Prohibiting Salary Inquiries

With just over two weeks to go before the law comes into effect, relevant parties should begin to review application materials and job postings to eliminate incriminating lexicon and ensure compliance with the new legislation. There should be a strong focus on education so that all involved know their rights and obligations.

May 30, 2017

Compensation Matters–But It Can’t Overtly Dominate Your Job Search

Sometimes money becomes the dominant focus of one’s job search—and it shows. This mindset greatly damages one’s prospects in meetings with potential employers. Job seekers should verbally prioritize other, unrelated factors, including new learning opportunities, company reputation, professional recognition, and long-term career development.

October 18, 2016

Think Twice before Reacting with a Counteroffer

think-twice-before-making-counterofferVoluntary resignations are increasingly common as job seekers regain control of the market. According to compensation survey data and consulting firm Compdata, voluntary turnover has grown steadily from 9.1% in 2011 to 11.6% in 2015. Therefore, managers should prepare to effectively handle the occasional loss of top-performing employees without extending a counteroffer.

March 08, 2016

Investing in Your Financial Services Career Requires Putting Opportunity First

finanical-services-career-investmentInvestment priorities and objectives vary among Banking, Asset Management, and Alternative Investment professionals, but, regardless of their functions or levels of experience, these professionals do have one thing in common regarding investments: the necessity to invest in career development. Abacus Group’s Angelo Caraftis recommends putting opportunity first to invest in your career.

January 12, 2016

Resolve to Make Only the Best Hires this New Year

Bad hires hurt. Did you know that making the wrong choice can cost up to five times the position’s annual salary? This year, resolve to admit only the most qualified individuals into your organization. Review our best advice to avoid hiring mistakes.

February 04, 2015

When Should You Consider a Lateral Job Change?

A lateral job move – a change to a new position at one’s current level and compensation – rarely evokes immediate enthusiasm in the mind of an ambitious professional.  This is because of the fundamental misunderstanding that career development exists only in the form of a role that offers greater pay at a higher level, or that one must move up and not sideways to progress in his or her career.

September 16, 2014

Five More Benefits of a Candidate-Recruiter Alliance

Candidate-Recruiter-AllianceAbacus Group previously catalogued 10 ways that professionals can benefit from collaborations with executive recruiters.  Admittedly, our list was incomplete. So, recently, we amended it with five additional advantages. Below are items 11 through 15 on our official “Benefits of Partnering with a Recruiter to Optimize Your Job Search” list. Can you think of anything that we might’ve missed here?

June 04, 2014

The Dangers of Making an Employee a Counteroffer

Extending a counteroffer in response to an employee resignation is just an option, indicating that the reaction is preventable.  If you’re an employer grappling with the decision to counteroffer an employee, consider some reasons to respectfully handle the resignation. Here are some of the unfavorable outcomes for an employer following an employee’s counteroffer acceptance.

March 28, 2014

Talking About Salary in a Job Interview

talking-salary-interviewThe process of changing jobs, a transformative life event, offers very little certainty. Among countless unknowns, a safe expectation for job-seeking professionals is the inevitable discussion of compensation. Employers have to use the salary interview question as a screening tool in their candidate assessment process. When uneducated about this standard screening procedure, job seekers risk sabotaging their employment prospects.