Salary
Determining a salary figure is one of the most challenging aspects of negotiating your next employment opportunity.Consider the following:
Market trends
- Start by evaluating the current job market and take market trends into account.
- When your skills are in high demand, your bargaining power increases; conversely, in times of market recession you will see a decrease.
- Do your homework to make sure you are paid fairly, but do not price yourself out of the market.
- Flexibility in hours, the option to work from home, or the opportunity to develop new skills are all factors impacting your quality of life.
- Consider other aspects of a job that you value such as health benefits, employee stock options, pension plans, bonus packages and vacation leave benefits.
- Organizations may pay bi-weekly, semi-monthly, monthly, quarterly, upon contract completion or upon payment by a third party for work done.
- It is important that you seek opportunities that will meet your financial needs. Ask about their payment terms.
Helpful Links
WetFeetThis site lists job descriptions, the Canadian and American national averages for these types of roles, averages for the designated location and highs and lows in salary for these roles.
SalaryExpert
You will get a report that includes salary averages, ranges, and potential earnings in bonuses and benefits, as well as the cost of living for major metropolitan areas throughout Canada and the U.S.
JobStar
This US-based site allows you to search for salary information on a national level and worldwide.
Salary.com
This US-based site gives both a personalized salary report and a national average based on company size, industry pay differentials and market trends.
