Evaluate Job Offers - Salary and Cost of Living Calculators
Consider the following when contemplating a job offer:
- Is the job and company a good fit for you? Will it meet your monetary requirements?
- Is the salary competitive for the geographic region, industry and type of position?
- What about benefits such as opportunities for advancement, professional development, paid time off, flexible working hours?
- How competitive are positions such as this?
- Is it the right first job to start your career?
You should negotiate a salary when you are officially offered the position. If you are asked about salary prior to securing the job, politely sidestep the issue until you are confident they want to hire you.Explain that you are open, based upon the position and the overall compensation package. Or tell the employer you would like to know more about the responsibilities and the challenges of the job prior to discussing salary.If you are still pressed for a number, present a salary range between the averages of what research produces.
Do Your Research
Research what the position is paying in your area and adjust for the experience and skills that you bring to the position. Be prepared with specific examples of your experiences as proof you are worth more.
- NACE Salary Calculator
- State of Wisconsin Wage Comparison
- Salary Expert: www.salaryexpert.com
Calculate Your Financial Expenses
Know how much money you need to live on beforehand. Calculate what you must have just to live. Consider cost of living differences if you are planning to move.
Use the budget worksheet to determine expenses you may need to consider.Determine a range you are comfortable with, but keep it to just a few thousand dollars and indicate your minimum acceptable salary at the bottom of the range. Weigh your expenses against details like the size of the company, their present financial situation, and how much money your skills and experiences are worth in that particular industry.
- When asked point-blank about salary, counter by asking what their range is, so you know their boundaries.
- Try not to sound demanding. Make suggestions but still be confident about what you are worth.
- Be eager and enthusiastic, but willing to walk away if you have reached an unreasonable negotiating ceiling. Do not burn bridges, but rather politely decline the offer.
- Even if you get what you want, think it over for a couple of days;you may want to ask others for their advice.
- Never lie about past salary;reference checks may expose you.
- Consider the value of benefits and perks in your salary expectations, such as bonuses, tuition reimbursement, health insurance, paid time off, telecommuting options, and promotion potential.