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| In the same way that it is important to know exactly the field you are looking and applying for, knowing how much your salary should be is critical.
With the knowledge of the salary range for your position you can better negotiate for a competitive pay. |
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What are the factors that go into determining your worth?
- Your career path. Regardless of what you've been paid in the past, spend some time reviewing industry reports of salary ranges for people following your career path -- and especially those in the position you are seeking.
- The industry of the employer. Salaries can range based on the industry of the employer. For example, companies in a service industry such as tourism often pay less than companies in a manufacturing industry such as technology.
- The geographic location. The cost of living varies dramatically in different parts of the country. For example, it costs much more to live in San Francisco than it does in Orlando.
- The demand for job-seekers. If there is a glut of job-seekers with essentially the same skills and experience that you have, you can expect salaries to be lower than if similar job-seekers are in short supply.
- Compensation beyond salary. It’s often easier said than done, but you should sometimes look beyond the salary number and examine the total compensation package. It’s possible the better job offer is not the one with the highest salary.
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| Source: QuintCareers.com |
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