Salary Information
You've managed to get a meeting towards the great job ... the interview has gone well, and you've established an excellent rapport with the hiring managers ... only a couple more minutes to go ... Oh no! They just asked about salary expectations!
That's where you will certainly be glad that you just did that research beforehand. If you didn't, and aren't sure where to start, follow this advice.
Analyzing Salaries
Generally if the salary is simply not written in the job description, you need to determine what the job may be worth. Sometimes you may be asked to provide your expectations in your cover letter, sometimes it's going to arise in an interview. But the key is to be prepared with this question, mainly because it usually comes up.
There is no one magic figure when trying to determine salary for any particular position. It depends on size of the city, market conditions, the company, geographical locaion alongside your own skills and experience as compared with other applicants. So how should you uncover what a job is really worth? Try to employ a combination of approaches to get as best a range as is possible. These can sometimes include:
discover similar advertised jobs which does state an income range
research salaries on the internet, using career web-sites, expert association websites and search engines (we've provided some initial points by the end within this article) - what is the interest in your abilities?
check out a local Human Resource Centre of Canada office
talk to people in similar careers
Where to start whenever you are asked to present salary expectations as part of your cover letter?
Many companies ask applicants to provide salary expectations inside their cover letter. This is frequently performed to screen out job seekers who expect a greater salary as opposed to the employer is willing to offer. Try to answer by using a neutral statement, emphasizing that the opportunity is the most essential consideration in your own decision and you would look into any reasonable offer. When necessary, provide a reasonable range of what you will be prepared to accept rather than a set dollar amount.
Salary discussions during the interview
Never bring up salary during a job interview. Always allow the employer bring it to the table. The same rules apply as above for resume cover letters. That being said, attempt to postpone income discussions until after an offer is done. Indicate that you're open for negotiation but decide to wait until after a hiring decision has been agreed upon. Again, if you believe that they're really pushing for a figure, try to offer a range, not just a specific dollar amount and inform them it all depends on the entire package including benefits.
Don't worry if salary is not discussed during the first interview. It likely will come in the 2nd or at the latest, once you get a proposal! Actually, salary is often best left for discussion until once the employer has decided that they would like to hire you. By carrying this out, you minimize the risk of taking yourself out from the running.
When a deal is created - Negotiating Salary
Employers can occasionally offer you a salary amount when an offer is created. Take some time to think over it; a couple of days is generally acceptable. Seeing that they've decided they want to hire you, you may be in a position to negotiate a little. But you need to decide what you will be prepared to accept, taking into consideration the likelihood of receiving other offers, etc. Take all factors into account when making your choice, along with 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 a few perks instead if the organization has a rigid salary structure. Depending on the level of the job and current economic conditions, consider asking about a signing bonus, paid professional development, access to your working computer for home use and/or stock options. A flexible time-table and operating from home occasionally are often possible. Note: in the event the economy is at a downturn, a number of these perks will never 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 quite common. But do be sure you remain professional about it! No matter what, don't be rude or arrogant. Think carefully in what makes you worth a better salary compared to the one they have offered, and be prepared to articulate this to the employer. It's during this time that you'll be glad you did your thorough research.
That's where you will certainly be glad that you just did that research beforehand. If you didn't, and aren't sure where to start, follow this advice.
Analyzing Salaries
Generally if the salary is simply not written in the job description, you need to determine what the job may be worth. Sometimes you may be asked to provide your expectations in your cover letter, sometimes it's going to arise in an interview. But the key is to be prepared with this question, mainly because it usually comes up.
There is no one magic figure when trying to determine salary for any particular position. It depends on size of the city, market conditions, the company, geographical locaion alongside your own skills and experience as compared with other applicants. So how should you uncover what a job is really worth? Try to employ a combination of approaches to get as best a range as is possible. These can sometimes include:
discover similar advertised jobs which does state an income range
research salaries on the internet, using career web-sites, expert association websites and search engines (we've provided some initial points by the end within this article) - what is the interest in your abilities?
check out a local Human Resource Centre of Canada office
talk to people in similar careers
Where to start whenever you are asked to present salary expectations as part of your cover letter?
Many companies ask applicants to provide salary expectations inside their cover letter. This is frequently performed to screen out job seekers who expect a greater salary as opposed to the employer is willing to offer. Try to answer by using a neutral statement, emphasizing that the opportunity is the most essential consideration in your own decision and you would look into any reasonable offer. When necessary, provide a reasonable range of what you will be prepared to accept rather than a set dollar amount.
Salary discussions during the interview
Never bring up salary during a job interview. Always allow the employer bring it to the table. The same rules apply as above for resume cover letters. That being said, attempt to postpone income discussions until after an offer is done. Indicate that you're open for negotiation but decide to wait until after a hiring decision has been agreed upon. Again, if you believe that they're really pushing for a figure, try to offer a range, not just a specific dollar amount and inform them it all depends on the entire package including benefits.
Don't worry if salary is not discussed during the first interview. It likely will come in the 2nd or at the latest, once you get a proposal! Actually, salary is often best left for discussion until once the employer has decided that they would like to hire you. By carrying this out, you minimize the risk of taking yourself out from the running.
When a deal is created - Negotiating Salary
Employers can occasionally offer you a salary amount when an offer is created. Take some time to think over it; a couple of days is generally acceptable. Seeing that they've decided they want to hire you, you may be in a position to negotiate a little. But you need to decide what you will be prepared to accept, taking into consideration the likelihood of receiving other offers, etc. Take all factors into account when making your choice, along with 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 a few perks instead if the organization has a rigid salary structure. Depending on the level of the job and current economic conditions, consider asking about a signing bonus, paid professional development, access to your working computer for home use and/or stock options. A flexible time-table and operating from home occasionally are often possible. Note: in the event the economy is at a downturn, a number of these perks will never 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 quite common. But do be sure you remain professional about it! No matter what, don't be rude or arrogant. Think carefully in what makes you worth a better salary compared to the one they have offered, and be prepared to articulate this to the employer. It's during this time that you'll be glad you did your thorough research.
About the Author:
When selecting a salary guide one must understand you need to research first. Check out here If you need to continue researching. Happy career searching!
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New Unique Article!
Title: Salary Information
Author: Steven Atkil
Email: macinshak@gmail.com
Keywords: education,salary,job description,career,salaries,jobs,investment,school,money,business,family,self improvement
Word Count: 805
Category: Communications
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