After an inverview, the company seems to want me onboard. I was given an application form that has "your desired pay scale" to fill in. I had a rough idea about the range of the salary. Should I give a range or single number? I had a bottom line, but I don't think it is wise to tell them that. My current salary (at university, with great benefit) is so low that 30% increase is still not good, especially considering the living cost of the new location. Is it possible to get more clue from the VP? Or, is that a good idear to put "comparable to other employees with similar experience", which may tell that you don't know much? By the way, I really like the job. But I can afford to pass up this opportunity and stay put at my current position, while looking for some other potential positions.
2007-03-02 03:03:43 · 3 answers · asked by TfC_137 3 in Business & Finance ➔ Careers & Employment
Do you have a good idea of what you SHOULD be making in the new position?
If not you should probably do a little research. The Occupational Outlook Handbook - published by the Department of Labor will help you figure out an average rage for that job/title- at a national level. If you're working in a major city with a high cost of living (NYC, LA etc) then you can probably aim a little higher than the national average. If you'll be working in a city with a lower cost of living (like Houston) or in a smaller city you can probably expect to be closer to the national average.
If the new employer is a MAJOR company (Fortune 500) or has stiff competition for employees in the area you're pay will likely be a bit higher too.
After you have a better idea of what to expect you can write down a number (say $75,000 a year, for example) that you think is reasonable based on the national average, the area you'll be working in and your experience. I have been offered more than my "desired pay," but companies are not going to turn you down flat if your request is higher than they expected. They'll try to negotiate.
Don't settle for less than you'll need to live comfortably in the new area.
2007-03-02 06:17:08 · answer #1 · answered by Annie 3 · 0⤊ 0⤋
Give them range with the low end of your range about 10-15% higher than the lowest you will accept.
2007-03-02 03:36:54 · answer #2 · answered by ropman1 4 · 0⤊ 0⤋
Tell them you want a million dollars and let them negotiate you down from that
2007-03-02 03:12:14 · answer #3 · answered by Anonymous · 0⤊ 1⤋