Tag Archives: salary

More Than Money

When you’re getting ready to accept a job offer, keep this in mind: it’s ok to negotiate. Seriously. Even when it’s your first job after graduation. Employers expect you to negotiate. In an article for Inc., James Altucher shares 11 mistakes people make when negotiating their salary. Keep these in mind as you prepare to accept employment offers! Below are a couple of key points:

  1. Have a big list.  Don’t limit yourself to just your annual salary. Is there an opportunity to work from home twice a week? Could you get a bonus? Will they compensate moving expenses? Think of all of the things that would make a job valuable, and not just the bottom line on your paycheck.
  2. Do your homework.  Use online resources to calculate the average salary for that position in your geographic area. Consider how much someone would charge for your position if they were a freelancer or consultant. What value do you provide the company? You can also use a site like Glassdoor to see what salaries are typical for your position or for the company.
  3. Give yourself time to consider.  When you are offered a position, you do not have to accept it right then and there. Ask for 24 hours to step back and consider everything. Sleep on it. Are there other opportunities you are in the process for? What are the pros and cons?

Altucher makes many other great points, and offers great tips that will help you not only for job one, but every job after that.  You can read all 11 mistakes here: http://www.inc.com/quora/11-mistakes-people-always-make-when-they-negotiate-their-salaries.html

All About the Money

One component of the job search that frustrates many job seekers is determining salary expectations. It’s a fairly common occurrence for employers to request salary requirements as part of the application. Job seekers, however, feel uncomfortable with this because they don’t want to come across as demanding or expecting too much.  That’s why it is essential to do your research in advance and know what you- and the job- are worth!

In the article “How the Pros Research What Your Salary Should Be” on Jobipedia, hiring experts share insight on what they look for when it comes to the financials of hiring someone. They give excellent tips on how to determine what your salary expectations should be. The first point of advice is to “Become familiar with all that is expected for you at this job.” That includes knowing if you will be required to travel, or work outside of typical business hours. You can ask about these things during an interview.  On the other hand, it’s also important to know your skills and experiences, and how they can uniquely contribute to your role within this position.  A second piece of advice is to “Do your research.” There are many websites available that can calculate a reasonable salary based on your education, location, and years of experience.  Last but not least, “Don’t look for a magic number, make a range.”  Give a window of where you absolutely need to be (low end) to what you truly feel you are worth (high end) and understand that the numbers in between are an area of negotiation. Additionally, don’t forget that other benefits will be calculated in, such as insurance or commuter allowance. Giving a range shows potential employers that you are willing to be flexible, but still know what you deserve.

To read all of the recommendations from the hiring experts, please check out the full article at http://jobipedia.org/Blog/Post?id=how-the-pros-research-what-your-salary-should-be-11320