How Much Are You Worth In Today’s Job Market?
Hint: It May Be More Than You Think!
Believe it or not, when you present yourself as the ideal candidate who seems to be the only candidate right for the job, employers want to hire—and will compete to snag you. How might they do that, you may wonder? By offering you the best perks they can—whether that is flexible work hours, the ability to work remotely at times, and so on. But how do you know what you are worth? In this post, we will discuss ways that you can figure out your worth so that you may maximize your power on the job market!
1. Research your salary range and cast a wide net.
As you might imagine, your first step is researching as much as you can, gathering multiple reliable sources offering a wealth of information. Online salary calculators can be useful, but do not settle with just one. Try several. Also, bear in mind, when reviewing your sources, that your worth may be affected by a host of factors, including geography, your experience and skills, and so on. So while you should definitely make use of the Internet and its bounty of information, do not limit yourself to that. Reach out to people within your network for advice specific to your field and your area. You might not clear up every concern you have, but you can certainly make the picture somewhat clearer for yourself so that you do not go into every potential job underestimating yourself.
2. Understand geography.
As mentioned previously, geography may matter a great deal when it comes to your worth on the marketplace. It will depend greatly on your field and your area’s demand for people with your background and level of expertise. For instance, some places simply need more lawyers and doctors and accountants than others. The result of the demand may well be higher salaries, or at least bigger bonuses. Also bear in mind that cost of living will have some play in what you can expect your salary to be. Those rural areas, for instance, may be a lot more affordable in the long run than would a heavily populated city. Do not underestimate the power of housing prices and how easily that can cut into salary, for instance. To get a better idea of what you can expect from a job in your desired location, be sure to use an online cost-of-living calculator to paint a clearer picture for you.
3. Average it together.
Once you have collected adequate data—enough to draw a sound conclusion and to get an accurate picture of your job prospects—consider the numbers together. It is best no to focus solely on the high and low numbers. Rather, carefully consider those in between, as they are more likely to be accurate and more indicative of usual trends.
4. Consider other benefits and perks.
Above all else, though, it is important to not become too fixated on salary alone. While your research is definitely a helpful and even necessary tool for you as you navigate the mysteries and daunting tendencies of the job market, you should not let numbers keep you from great opportunities that will not only provide for you financially but also provide new opportunities, opening doors that might have previously been out of reach. Rather than simply throw out a job offer the minute you receive it if it does not on the surface appear to be as lucrative as you hoped, give it some attention it deserves. Compare the salary, benefits, and other important numbers to those you reaped from your research. Consider if there are any bonuses or hidden benefits that you might not find elsewhere.
5. Understand your values.
Next—and perhaps most important—determine what you personally value and understand that it might not be what everyone else cherishes. So long as you approach the data rationally and objectively, you are allowed to let your preferences some say in your final decision. After all, you want your job to be rewarding on multiple levels, not just on the financial one. So, through deep reflection, consider what you value personally. Why are you drawn to your geographic location in particular, for instance? The best job prospects? A lively environment for someone your age? Ties to family and friends?
Once you consider these tips, you will find you have a better understanding where you place your priorities, which will hopefully make coming to decisions easier on a personal level.