Top Salary Tips

Top Salary Tips

Job Search – Six Top Salary Tips

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.

  1. 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 back up 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.

  2.  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 ready to sit on your hands and wait for a response from your potential employer.

  3. 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.

  4. 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.

  5. Start saving

    It’s never too early to start saving for the things you might want in the future and even for your retirement. Most large organisations 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.

  6. 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 Smith, Career, life and Business Coach
    Wendy Smith, Principal Coach, WiseWolf Life and Career Coaching

    Wendy Smith is a career consultant, life coach and business coach with depth of experience in organisational development, 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 wendy@wisewolfcoaching.com

    Wendy has written a little eBook on how to get on with your boss and a book on job search – you can find all her books on Amazon at this link

             

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What salary should you ask for?

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 wendy@wisewolfcoaching.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

         

Job Search – Remuneration Package

Job Search – Remuneration Package

Are You On The Money?

Advice from Wendy Smith. Wendy is a Career and Life Coach helping you find fresh perspectives on life and your career.  You can book a FREE coaching session or find out more at this link

Remuneration Package – now being the very ethical career coach that I am I do not give financial advice – I am not competent to do so! But clients do ask me about negotiating reward packages.  And I have had clients who have lost out because they have not spent enough time 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 it”!

Now, they know their baseline requirement.

The next step is to find out what people in the line of work they wish to do, at the same level, are being paid now.  You’d be surprised to find how many really are being paid less than a year ago.

Now you have some idea of the range to think about  and you need to work on how to make yourself attractive for the potential employer.  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.

You may have to accept that to get work now, you will be earning less than before.  You might even have to accept a step down in the pecking order.  But if you are as good as you think you are, hopefully, you will soon be back to the level you aspire to!

Remember to take benefits into account in making your decision – people moving out of the public sector don’t always think about that.

Career coaches and life  coaches like me are around to help you thrive and succeed in challenging times. Get in touch at this link – I would like to discuss how I can help you.

Wendy Smith is a career consultant, life coach and business coach with depth of experience in helping people lead happier lives and feel more fulfilled. She has worked in management as well as coaching and personal development, as well as starting up her own businesses. That means she is equally at home helping clients find a new career direction, starting-up a new business or dealing with life’s more challenging personal issues. 

Need help finding work, with problems at work, at home or with relationships? Book a FREE coaching session with Wendy or find out more at this link

 

Job Search – Six Top Salary Tips

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.

  1. 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.

  2.  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.

  3. 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.

  4. 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.

  5. Start saving

    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.

  6. 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 wendymason@wisewolfcoaching.com and find out more at http://wisewolfcoaching.com

  • Job Search Part 6: Phone Interviews, Group Interviews and Assessment Centres
  • Job Search Part 7: How to negotiate your salary and benefits.