Salary Guides

By Sarah Williams


SALARY INFORMATION

You have managed to receive a meeting for your exciting new job ... the interview has gone well, and you've established an effective rapport with all the hiring managers ... only a few more minutes to go ... Uh oh! They just asked about salary expectations!

Thats usually where you're going to be glad that you did that research early in advance. If you didn't, and aren't sure where to start, below are great tips.

Researching Salaries

In cases where the salary is not really written in the job description, you will have to know very well what the career is worth. Sometimes you will be asked to supply your expectations within your employment cover letter, sometimes it will eventually occur in an interview. But the key is to be prepared for this question, as it usually comes up.

Practically no one magic figure when aiming to determine salary for a particular position. This will depend on geographical location, size of the city, market conditions, the company along with your own skills and experience compared with other applicants. So how do you uncover what a job is worth? Try try using a combination of methods to get as best a range as can be. These consist of:

attempt to find similar advertised jobs which does state a salary range research salaries on the internet, using career sites, expert association sites and search engines (we've provided some starting points at the end within this article) - what is the interest in your abilities? view a local Human Resource Centre of Canada office talk to people in similar roles How to handle it when you are asked to produce salary expectations within your resume cover letter?

Many recruiters ask applicants to provide salary expectations in their cover letter. This is often utilized to screen out candidates who expect a higher salary than the employer is prepared to offer. Try to respond by using a neutral statement, emphasizing how the opportunity is the most important consideration in your own decision and you would give consideration to any reasonable offer. If necessary, give a reasonable range of what you will be willing to accept as opposed to a fixed dollar amount.

Salary discussions during the entire interview

Never raise up salary during interviews. Always allow the employer bring it to the table. The same principles apply as above for resume cover letters. Having said that, make an effort to postpone income discussions until after an offer is done. Indicate you are open for negotiation but would rather wait until after a hiring decision has been agreed upon. Again, if you think maybe that possibly they are really pushing on a specific figure, be sure to offer a range, not a specific dollar amount and let them know it all depends on the entire package as well as benefits.

Don't fret if salary is not discussed during the first interview. It likely will come in the next or at the very latest, once you get an offer! In fact, salary is frequently best left for discussion until after the employer has decided that they want to hire you. By this method, you minimize the chance of taking yourself out of the running.

When a deal is made - Negotiating Salary

Employers will often give you a salary amount when an offer is made. Take some time to consider it; a few days is often acceptable. Because they have decided they would like to hire you, you might be in a position to negotiate slightly. But you need to decide what you are willing to accept, taking into account the prospects of receiving other offers, etc. Take all factors under consideration when making your decision, such as the salary, level of responsibility, working conditions, opportunities for further education,, etc. Ask about extended health and dental insurance, education re-imbursement plans, vacation, etc.

Consider negotiating in some perks instead when the organization provides a rigid salary structure. Depending in the degree of the position and current economic conditions, consider asking about a signing bonus, paid professional development, access to a laptop for personal use and/or stock options. A flexible work schedule and working from home occasionally can also be possible. Note: in the event the economy is at a downturn, a number of these perks will not be available (eg. signing bonuses) so make use of your judgement and good sense when deciding just how much room you have to negotiate.

Everybody is apprehensive (in other words, scared!) about negotiating for benefits and salaries. You shouldn't be... it is extremely common. But do remember to remain professional about it! No matter what, don't be rude or arrogant. Think carefully in what makes you worth a better salary than the one they already have offered, and be willing to articulate this towards the employer. It is during this time that you'll be glad you did your homework.




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