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One of the things that you may want to look at is how readily candidates are accepting your offers. If you find that multiple candidates are refusing your offer, there may be something in your salary or benefits package that youre missing. In many cases, it may even be worth it to raise the salary range if you wind up investing time and effort into hiring candidates that dont accept. Remember the cost to hire mentioned above? If you have multiple candidates turn down the offer, in the end you might be spending more making sub-par offers to talented individuals than you would by offering them a competitive salary. This ties into the cost to hire metric very closely, and should be a large consideration when setting salary ranges and benefits packages.