As the labor market slowly heals, some hiring managers are offering salaries lower than what workers previously received, The Wall Street Journal reports. “Companies are more worried these days about margins, profitability, and they are cutting costs across the board. Even though [workers are] qualified and have prior experience, the hiring department has been told to set a budget at a lower range,” says one career coach.

As the labor market slowly heals, some hiring managers are offering salaries lower than what workers previously received, The Wall Street Journal reports. “Companies are more worried these days about margins, profitability, and they are cutting costs across the board. Even though [workers are] qualified and have prior experience, the hiring department has been told to set a budget at a lower range,” says one career coach.