You pay. And pay. And pay. Almost half of your money goes to the government, skipping your pocket altogether. It’s high time to improve your salary – wouldn’t it be nice to have a few more hundred dollars in your account at the end of every month? But how much can you earn in your current position? The Experteer Salary Calculator can show you your true market value – and what other professionals in your position are earning.
According to Casey Brown, a consultant with Price, no one will ever pay you your true market value. People are paid based on how much value their employer sees in them. But the good news is, this value can be easily influenced. The art lies in identifying your true market value – and learning how to communicate it convincingly. Strong, confident, and with a founded argument – these are the steps for improving your paycheck. To help you in finding that special number, it’s important to get an overview on the whole job market, and find out: what do others in similar positions earn?
Step 1: Find The Right Tool
To find out how high your market value is, you need reliable data. Consider a tool like the Experteer Salary Calculator – this tool brings transparency to the world of salaries, and includes market data from cities, industries, career levels and functions across the board. Thomas Kindler, Vice President of Product at Experteer, has worked with his team to overhaul this tool, with special new features and a new interface. “We evaluated countless salary inputs from the last ten years from our database to find out: Who’s earning what?” “With our headhunter database and their mandates,” he explained,” we also have exclusive insights into which companies pay what, for what kind of position.”
Step 2: Check the Market
Find out where you stand. Are you in a saturated industry? Is there room for you to move up in your current position? What do others with your position earn, and how much can you earn? “Plenty of tools that deal with salary calculation are based solely on job titles and location,” explains Kindler. “But we’ve added more parameters like industry and career level to offer more precise results for salaries across the market.” Type into the Experteer Salary calculator what you’re currently earning, and in which city you’re currently working – or where you’d like to. When the salary calculator displays your results, they can also show you salary benchmarks that indicate what you should be earning, as well as relevant positions that can bring your salary to where you’d like it to be.
Step 3: Define Your Value, for Yourself and Others
Could you earn more in your current position? Congratulations! Now consider why you deserve it. What value can you bring to your company? What are your individual skills? When you know these answers, it’s time to toot your own horn. It’s important to do so with great tact, but do it nonetheless. When it’s time to convince others of your value, perhaps for a raise or consideration for a promotion, you’ve got your proposed salary in your pocket.