Job Search – Six Top Salary Tips
When you are looking for work there are all kinds of factors to take into account. Many we have covered here before. For the majority of us, the main reason we choose to work is so that we can earn money to support ourselves and our families.
These tips will help you get paid the salary you deserve and then help you to look after your money.
What are you worth?
Work out what your value should be to an employer. Research what other people with your skills and experience are earning and use that information to backup your salary negotiation. The same role can pay differently in different sectors and in different parts of the country so take that into account in making your calculations.
Learn to negotiate
You will find lots of tips on negotiating on line. You are in a much more powerful position before you accept a job. Think about the things you have to bargain with and, for example, how scarce your skills are. Use the information you have gathered about what other people are being paid for the same type of work. How far are you prepared to go? Know what will be unacceptable and work out your limits. Be prepared to sit on your hands and wait for a response from your potential employer.
Don’t forget benefits!
Lots of people do not take into account the real value of benefits when negotiating a salary. If you get stuck on the amount of your salary try negotiating your benefits’ package with your potential employer – it may cost them very little to give you a better benefits’ package but it might make a big difference for you.
Learn to manage your money
Learn to make the most of what you get paid. If you don’t know about budgeting, then find out and learn to set your self a budget each month. Work hard to stay out of debt and don’t over use those credit cards. Remember loans have to be repaid and there is very little prospect of the economy improving quickly; what is borrowed now might put your future at risk. If you do borrow be careful who you do it from and learn about interest rates. Again use the internet to research money management.
It’s never too early to start saving for the things you might want in the future and even for your retirement. Most large organizations now have to give you access to a pension scheme. Don’t forget that at sometime you might want to buy a house, Saving schemes can be started with quite small amounts.
Think long term
I’ve mentioned pensions and saving above. But think long term in a broader way. When you are thinking about the salary for a role, don’t just think short term about what you will be paid initially. Think about what the possibilities might be in your chosen field for future earning opportunities. Will your new employer be able to give you access to them. Don’t sacrifice the longer term for a short term win.
This is just general advice, you should always take advice from a properly qualified financial adviser when planning your financial future.
Wendy Mason is a career coach. She helps people reach their goals and aspirations, without sacrificing their home and personal life. Before working as a coach, Wendy had a long career in both the public and private sectors in general management and consultancy as well as spells in HR. She now divides her time between coaching and writing. You can contact Wendy at firstname.lastname@example.org and find out more at http://wisewolfcoaching.com