Starting SalaryHow to ask for a raise and get the salary you deserve
Negotiating a starting salary can be a make or break situation. One would not want to be tied to a low-paying job especially if a job contract specifying a certain period of time is involved. For a prospective employee, what he or she would want is the salary that is most competitive or the highest possible level in his or her line of work. On the other hand, what an employer would try to do is hire an employee at the lowest rate possible. Such are the hard realities in the bargaining of compensation for new hires. The two parties at opposite ends of the bargaining table have its own objective that needs to be reconciled to an agreeable conclusion.
Importantly, a job candidate negotiating a starting salary has to be well-informed before plunging into a pay negotiation. There are several ways of acquiring the right salary information. Simple online research can be a good way to start. In the U.S., the Bureau of Labor Statistics (BLS) maintains a website on employment opportunities and the wage levels that are prevailing in the various sectors of the labor market. Perusing through this website will give a firm idea, for example, of how much aeronautics engineers are paid on entry-level status. The statistics from this website are often precise and useful, complete with forecasts of demands for certain types of employment.
Another good source of starting salary indicators are the wage surveys often conducted by industry or business organizations. Many of these groups which cater to various industry sectors also maintain online presence not only for the benefit of their members but also for the public in general. Through the web portals of these associations, it would be possible to compare various industry statistics as well as those sourced from government data like BLS information. An industry by industry comparison would be most especially helpful for those who are switching into a job entirely different from a previous employment. An in-depth analysis of the different wage levels constitutes a vital tool to validate if a career-switch is indeed a correct decision.
Talking to employees already working in the company that one is being considered for hiring is another method to have a fair idea of the starting salary to negotiate with. Some tactful techniques are needed though to ferret out such information from internal sources. By nature, many people are reticent about how much they are getting from their jobs. This information is often treated as personal and confidential. Some may be too shy to admit that they are getting a very low salary compared to others, and that they possess inferior skills which account for the lesser amount they get in relation to their peers. Others may not want to reveal a high pay scale out of modesty, not wanting to brag or flaunt about the compensation that they receive.
Discover some of the ways by which to gain deeper insights into starting salary information. A link below opens up to the website of an e-book which will show you precisely how to gather wage compensation levels in a corporate structure in the most discreet way possible.