What salary should you ask for?
What salary should you ask for? As a career and life coach, I do not give financial advice. But clients do ask me about negotiating reward packages. It is worth thinking about what salary to ask for.
If you have been out of work for sometime, asking for what you were paid in your last paid role may not be the best strategy.
I usually suggest people work out what they are spending now and then how much they need to meet all their current obligations. That includes their obligations to themselves and those they love to keep fit, stay healthy and have some entertainment.
I ask them to check each item to decide whether it really is a “must have” or is it a “would like “!
Now, they know their baseline requirement.
What salary is right for the job?
The next step is to find out what salary people in their line of work at the same level, are being paid now. What is reasonable for people at your level with your experience. It is great if you are going to be in the kind of work where you can show that your activities will be covering your salary cost. For most of us it isn’t like that. But do think through clearly for your self the benefits that you will bring. If you bring added value then expect to see it reflected in your remuneration.
Remember to take benefits into account in making your decision – people moving out of the public sector in particular don’t always think about that.
Be prepared to negotiate. Take time to think about any offer. Have you been out of work for some time? If so, you may have to accept that you will be earning less than before. But if you are as good as you think you are, hopefully, you will soon be back to the level you aspire to!
Wendy Smith is a career consultant, life coach and business coach with depth of experience in management, coaching and personal development. That experience means she is equally at home helping clients find a new career direction, starting-up new businesses or dealing with life’s more challenging personal issues. You can contact her at email@example.com
Wendy has written a little eBook on how to get on with your boss and a book on job search – you can find her books on Amazon at this link