How do I know what Im worth
I have a Master's of Communications Certificate and a Master's Degree in English. I have a history of mainly food and beverage (management, bartender, etc.), mortgage and real estate experience, media (on air radio), and administrative in a very small office experience. I've recently applied to a large insurance/banking firm for an administrative position in hopes of learning the company and eventually being recognized as capable of public relations project management or corporate training. This company is trying to develop a new position for which they think I would fit very well. It will be to handle the recruiters who come into the office on a regular basis, stay on top of their records and maintain paperwork, and to ensure they are doing their job. The number of recruiters that come in at any given time are 2 to 4. For this type of low level management position which will also include some administrative work, how do I know what to ask for in a salary? They want to know my range so they'll have a number to tell corporate in trying to get this new position approved. Advise has been anywhere from a minimum of $40k (based on my education) to $50k. Currently, I'm only working a part-time job (the small office mentioned above) that pays $15 an hour as I've been finishing my second Master's. Salary calculators tell me the range for an HR type of position is anywhere from $51k to $65k. Help! I don't know what salary range to tell them without either low balling myself or scaring them off of me altogether! Thank you!
Hi overeducated....... Just to get you started ............ At some point, we all wonder if we're getting paid fairly. Here are some ways to assess what salary is right for you. It's the question you've been dreading: How much do you currently make? Learn how to respond and get what you deserve. In this dance, let the employer take the lead while you follow. Here's how to avoid stepping on anyone's toes. Hope this helps! MCCathy Community Moderator Monster If you were working full-time for $15 per hour, your annualized salary would be slightly over $31K. I think you need to do a couple of things. First, for your own sake, you need to know what level of income you require in order to pay your bills, make ends meet, and at least maintain your present standard of living - I'm not suggesting this is the salary range you should request, but you need to know what sort of income stream you require and below which you can't't go and still stay financially afloat - as an important reference point. Figure out what it costs you to live on a monthly basis over the last six months or so. Come up with a monthly average based on those monthly tabulations. Take that average times 12 and you should have a fair idea of what your bottom-line income stream has to be. Add about $10K to that "can't go below" amount to come up with a salary range that's reflective of your own annualized expenses. Second, you're probably overqualified educationally for the job you're seeking, so don't expect the employer pay more for training the job does not require. It is perfectly understandable that you would anticipated earning more in this job than you're earning now, but this job will probably be a lot like an "entry-level" position to the extent that it's a newly created job, and to the extent that you really don't have much "real world" work experience that relates to the job's requirements. If I were you, I'd say that my anticipated salary is negotiable within the $40K to $50K range and see what sort of response you get. I personally don't think you should rely on external salary surveys, most people feel they tend to run higher than the actual salaries being paid in the real world - and I don't think you want to price yourself out of this opportunity by basing your anticipated salary on data which has nothing to do with your individual qualifications, or the individual requirements for this particular job with this particular employer. If I were you, I'd want to get my foot in the door so I could prove myself and demonstrate what I could accomplish. Hope this helps. Paul W. Barada The Negotiation Expert
Thank you so much for this great advice! I feel really good now about what I intend to propose as a salary range.
Thank you, these articles gave me a great starting point to organize my thoughts and composing a letter. I appreciate your response! | |
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