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How do I know if I'm being paid appropriately for my skills?
I am planning on moving to a new state soon and I wish to know how I should determine my payroll in a future position to be appropriately suffice for me and if it is not, how I could request for a better pay. #financial-planning #career
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Mark’s Answer
This is a very important question that you should absolutely explore in thorough fashion especially when planning to move to another State. First off, you would need to assess yourself as far as skill set, experience, education level, etc. There are many books available to you that are focused on knowing your worth/value which might be helpful. I would also work with some recruiting and job research companies who can help you to understand market averages or ranges for your specific field. You also have the ability to do some of this research on your own via different job search engines and portals. For example, LinkedIn has different options for you to select salary range possibilities within certain job fields.
Another aspect to consider is the art of negotiation and how to master it. Salary "ranges" can be wide and it is important to have the confidence and skills to negotiate the best possible salary for yourself. This would also cause you to consider the amount of money you "want" to make versus "need" to make as you enter a new company in a new state. Sometimes it is about getting in at the highest possible salary and sometimes it is about getting a foot in the door regardless of salary level and growing from there.
Finally, ask the person who is interviewing you what the average salary is for this specific job and also what the top performers are earning.
Leverage job search resources on the internet and in applications like LinkedIn
Speak with a recruiting service adviser in the State that you are looking to move to
Prepare your negotiation tactics based on your experience, skills and education level
Another aspect to consider is the art of negotiation and how to master it. Salary "ranges" can be wide and it is important to have the confidence and skills to negotiate the best possible salary for yourself. This would also cause you to consider the amount of money you "want" to make versus "need" to make as you enter a new company in a new state. Sometimes it is about getting in at the highest possible salary and sometimes it is about getting a foot in the door regardless of salary level and growing from there.
Finally, ask the person who is interviewing you what the average salary is for this specific job and also what the top performers are earning.
Mark recommends the following next steps:
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Rebecca’s Answer
Many Human Resources Agencies or Research Organization conduct market research on regular basis usually on annual basis. They would publish reports on their research. You can review similar industry sector, position and years of experience for reference.
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Katya’s Answer
Hi Alfredo, knowing exactly how much you should get paid for your skills sometimes could be tough but you can take the following into considerations prior to accepting the offer.
1) Review or conduct market analysis online specifically around your skills
2) always take into considerations how many years of experience you have around this job
3) sometimes staying with one company and being promoted within which is great but the Max salary increase is not as high as if you would of taking an opportunity with a different organization
4) always keep in mind that companies do have a min-max scale they need to pay for the role-so when giving a job offer , don’t be afraid to negotiate and ask for $5000 min more. At the end the human resource will let you know after discussing with their salary and leadership if they are able to counter offer and you can make your decision right there
5) I do encourage to seek opportunities for growth within your original company but also always gain new certificates around skills and apply to outside companies.- companies that want to retain good talent-will most likely offer a salary match in order to keep you and not loose to their competitors
6) there are salary reviews you can do on career websites
Good luck
1) Review or conduct market analysis online specifically around your skills
2) always take into considerations how many years of experience you have around this job
3) sometimes staying with one company and being promoted within which is great but the Max salary increase is not as high as if you would of taking an opportunity with a different organization
4) always keep in mind that companies do have a min-max scale they need to pay for the role-so when giving a job offer , don’t be afraid to negotiate and ask for $5000 min more. At the end the human resource will let you know after discussing with their salary and leadership if they are able to counter offer and you can make your decision right there
5) I do encourage to seek opportunities for growth within your original company but also always gain new certificates around skills and apply to outside companies.- companies that want to retain good talent-will most likely offer a salary match in order to keep you and not loose to their competitors
6) there are salary reviews you can do on career websites
Good luck
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Dennis’s Answer
Alfredo - definitely do your research on salary as each state can differ.
website salary.com will also help and give you a better idea of each jobs worth/each state -
With a possible new Employer set the expectations of your past salary and your goals along with what you feel should be worked in to your Compensation. Stay motivated and Best of Luck with the move!
website salary.com will also help and give you a better idea of each jobs worth/each state -
With a possible new Employer set the expectations of your past salary and your goals along with what you feel should be worked in to your Compensation. Stay motivated and Best of Luck with the move!
Updated
Sharonne’s Answer
Salary can be determined by a lot of factors: education, experience, skills, company size, assets of the company, etc. To find out if you are being paid appropriately, you should research salary.com for your state and other states. Do a comparison to ensure that you are moving in the right direction. This should outline everything for you. Also, do your research on the company as well.
Sharonne recommends the following next steps:
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Nicole’s Answer
Read the book Know Your Value by Mika Brzezinski
Hi Nicole, what is the book about and how will it help the student?
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