Are you being paid enough? A common reason for people to consider making a career move is to make more money. But when you start looking for a job, it can be challenging to know how much money to ask for. This can happen for several reasons. Maybe you’ve been in the same role for many years. Or today, we’re in the midst of a hot job market where employers are having challenges recruiting talent.
“What should my salary be?” is a common question job candidates are asking themselves. You should always know your worth before entering a conversation about compensation with an employer. Below we’ll talk about ways to identify current salary trends and talk about how a recruiter can help you figure out what your salary should be in this hot job market.
You should have an idea of where you stand on the salary scale compared to other people with similar experience and skills in your industry. The number will change over time. Right now, salaries are trending up as a response to increased demand for talent. Here are some ways to identify your salary range:
Working with a recruiter is a great resource to help you with your job search. They can not only help connect you to employers who are hiring, but they can also provide you with insights that you can use when going through the hiring process.
It is important to have a realistic salary expectation when looking for a job. If you ask for an unrealistic amount, you’ll be out of the running. But you also don’t want to shortchange yourself. Ask for too little, and you could be leaving money on the table. Working with a recruiter can help ensure you command a salary that is in the fair market value range, given your skills, experience, and the demand for people with your abilities within your industry.
IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across the country. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Executive Search / Board & C-Suite, Technology, Media, Digital & Marketing, Accounting & Finance, Financial Services & Insurance, Cannabis, Startup, Data Science, Consumer, eCommerce & Retail, Operations & HR, Manufacturing, Supply Chain & Engineering, Legal & Professional Services, Pharmaceutical & Life Sciences, Non-Profit & Sustainability, and Sales. Click here to view current job openings and to register with us.
Alex Cord is a Recruitment consultant on the Marketing Services team focused primarily in advertising and design with a specialization in creative and strategy.