Just how important is Salary?

Here at Allthetopbananas.com we have been analysing a large number of inidvidual job adverts focusing on Salary.
We will soon be publishing a new salary index allowing analysis of salary in UK region or county. The published figures are taken from over 750,000 jobs advertised during a 6 month period.
What is very noticable is the number of adverts with no salary advertised. Our technology read over 1.4 million job adverts extracting salary details where present. Out of this highly significant sample just under half where not advertised with a Salary. A quick offline sample of a few newspapers local and national illustrate a similar picture. The quite un-scientific review suggested nearly 60% of print job adverts in local and national press had no salary expectation included.
Perhaps a key obsevation here is that the majority of online job boards require a salary or salary bracket to attributed to the job advert to allow their users to filter jobs by salary. Many of these boards have an option to not publish the salary.
If we all accept that job seekers want to select which jobs to apply for based on how much money they may earn for that particular job why do we feel the need to hide the so many advertisements hide the salary in the advert?
I have chatted with a few people about this observation, some recalled that they worried about team motivation  - it was felt negative for existing team members to know what the newbie might be getting paid. Other views surrounding candidate motivation around doing the job or getting paid.
Well the fact remains - nearly 50% of job adverts do not advertise the positions salary.

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