“What is a good salary?”
Odds are, you’re asking this one to yourself in the mirror.
People are shifty when it comes to talking about how much money they’re making, and it can be tough for that reason to figure out how much you really deserve.
How are you supposed to know how much someone in your position — with your education and experience — usually makes for a living, when no one currently in that position will come right out and tell you?
Fortunately, we’ve got a few tips to help you figure this out and determine your own personal number — that is, your preferred salary amount.
Determining a fair salary is tough because, by and large, people don’t like to talk about how much money they’re making.
This is one big Western cultural holdover that is slowly dying, and it’s one that has never really made any sense.
It’s true that there are times that employees benefit from keeping salaries to themselves, and it can be embarrassing to learn that someone who does the same thing with the same training is making more than you are.
But for the most part, keeping quiet about salaries only benefits one group — employers.
Now, thanks to the internet and the relative anonymity it brings, more and more people are speaking out about their salaries in a medium where retribution from bosses is unlikely.
As an employee or potential employee yourself, it’s important that you take advantage of this new information. For perhaps the first time, you’re not relying on rumors or drunken coworker confessions to figure out how much money you should be earning.
You should just be able to look it up.
Before you can start making the amount of money you deserve to be making, first thing’s first:
You have to figure out what amount of money that is.
There are a number of methods for doing so, and ultimately, the final number you come up with is going to be subjective. It’ll depend on what you ultimately believe yourself to be worth.
But even so, it’s worth backing up that number with as much information as possible.
Here are some things to keep in mind while determining your perfect salary:
So let’s say you’re already working somewhere, but for some reason, you’ve only just taken the time to work out what a fair salary is for yourself based on all these factors.
And let’s say that, for whatever reason, the number in your head doesn’t line up with the number on your paycheck.
Obviously, this is a problem — it can cause you a lot of distress to feel like you deserve to be earning more money than you’re making, especially if you have good reason to feel justified about this feeling.
But how do you go about earning the amount of money to which you feel entitled?
Here are some big things to remember when it comes to figuring out how to start earning your preferred salary amount:
That’s all for this one! Just keep in mind:
If you’ve worked out how much money you deserve to be making and realized that’s a greater amount than what you currently earn, it’s true that just getting a raise might help you out.
But beware if you find that raise wrapped up in a promotion — at least if that promotion also comes with more responsibilities.
Promotions are great, most of the time. They let you move up the ranks and earn more moeny while making you look more hireable to people outside as well.
But that number we’ve been talking about, your preferred salary — that number pertains to the job that you ALREADY HAVE, and NOT to whatever job is above that.
Taking on additional responsibilities to earn the amount you should be making for what you’re already doing doesn’t make sense, as it doesn’t increase your value as a worker.
Instead, you might be being tricked into keeping your value the same — they’re giving you the amount of money you want, but they’re making you do more to earn it than someone else might at a different company.
So if this happens to you, remember that there are other jobs out there, and that looking around for new work might be a better option than taking on a promotion that’s not really a promotion at all.
Best of luck! Here are some other links to help you on your way: