SALARY INFORMATION
You might have managed to receive an interview for that great job ... the interview has gone well, and you've established an effective rapport with all the hiring managers ... only a couple more minutes to go ... Oh no! They just inquired about salary expectations!
Thats usually where you're going to be glad that you simply did that research in advance. If you didn't, and aren't sure where to start, here are some ideas.
Researching Salaries
Whenever the salary is not really written in the job description, you need to evaluate what the job is worth. Sometimes you can be asked to provide your expectations within your cover letter, other times it's going to come up in an interview. But ideal idea is to be prepared about this question, mainly because it usually pops up.
Practically no one magic figure when attempting to determine salary for any particular position. It depends on market conditions, the company, geographical location, size of the city alongside your own skills and experience as compared with other applicants. So exactly how do you learn what a job is really worth? Try try using a combination of approaches to get as accurate a range as you can. These consist of:
discover similar advertised jobs which does state an income range research salaries about the, using career web-sites, professional association websites and search engines (we've provided some starting points by the end with this article) - is there a interest in your abilities? visit a local Human Resource Centre of Canada office speak with people in similar careers Where to start when you are asked to present salary expectations within your cover letter?
Many hiring managers ask applicants to present salary expectations in their cover letter. This is often utilized to screen out applicants who expect a higher salary than the employer is in a position to offer. Try to respond by way of a neutral statement, emphasizing that the opportunity is the most important consideration within your decision and that you would give consideration to any reasonable offer. If needed, provide a range of what you are happy to accept rather than a set dollar amount.
Salary discussions through the 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 throughout the first interview. It likely will come in the second or at the very latest, when you get a proposal! The truth is, salary is usually 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 proposal is created - 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.
Everyone seems to be apprehensive (in other words, scared!) about negotiating for benefits and salaries. Don't be... it is quite common. But do make sure you remain professional regarding this! No matter what, don't be rude or arrogant. Think carefully in what makes you worth a better salary compared to the one they've offered, and be ready to articulate this to the employer. It is during this time that you will be glad you did your thorough research.
You might have managed to receive an interview for that great job ... the interview has gone well, and you've established an effective rapport with all the hiring managers ... only a couple more minutes to go ... Oh no! They just inquired about salary expectations!
Thats usually where you're going to be glad that you simply did that research in advance. If you didn't, and aren't sure where to start, here are some ideas.
Researching Salaries
Whenever the salary is not really written in the job description, you need to evaluate what the job is worth. Sometimes you can be asked to provide your expectations within your cover letter, other times it's going to come up in an interview. But ideal idea is to be prepared about this question, mainly because it usually pops up.
Practically no one magic figure when attempting to determine salary for any particular position. It depends on market conditions, the company, geographical location, size of the city alongside your own skills and experience as compared with other applicants. So exactly how do you learn what a job is really worth? Try try using a combination of approaches to get as accurate a range as you can. These consist of:
discover similar advertised jobs which does state an income range research salaries about the, using career web-sites, professional association websites and search engines (we've provided some starting points by the end with this article) - is there a interest in your abilities? visit a local Human Resource Centre of Canada office speak with people in similar careers Where to start when you are asked to present salary expectations within your cover letter?
Many hiring managers ask applicants to present salary expectations in their cover letter. This is often utilized to screen out applicants who expect a higher salary than the employer is in a position to offer. Try to respond by way of a neutral statement, emphasizing that the opportunity is the most important consideration within your decision and that you would give consideration to any reasonable offer. If needed, provide a range of what you are happy to accept rather than a set dollar amount.
Salary discussions through the 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 throughout the first interview. It likely will come in the second or at the very latest, when you get a proposal! The truth is, salary is usually 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 proposal is created - 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.
Everyone seems to be apprehensive (in other words, scared!) about negotiating for benefits and salaries. Don't be... it is quite common. But do make sure you remain professional regarding this! No matter what, don't be rude or arrogant. Think carefully in what makes you worth a better salary compared to the one they've offered, and be ready to articulate this to the employer. It is during this time that you will be glad you did your thorough research.
About the Author:
having to Know what kinds of salaries are available out there, its especially more important to check a more recent salary guide as it does help in a off- economy. however, the salaries I discuss have a tremendous opportunitiy with minimal education. Make sure you do check my guide to good salaries.