Fink also recommends 81cents which helps job candidates especially women and underrepresented minorities improve the outcome of salary. Once you ve determined your salary requirements to keep body and soul together make that the bottom of your salary range and add 10 000 to that number to establish the top of your range.
This includes your base salary and non cash compensation such as benefits vacation stock options health insurance stipend 401k etc.
Desired salary range. Some argue that you should add 20 000 to establish the top of your range but where you put that top amount depends on how willing and able you are to negotiate once an offer is made. When we begin discussing salary for this position my desired salary is negotiable and i m confident we can arrive at a. And state your desired range boldly.
Your desired compensation takes into account the total value of any financial benefits. Based on my salary research for this position i selected a figure from the drop down menu in the application process that reflects the market rate for this geographic area which appears to be in the 50 000 to 60 000 range. I believe this qualifies me for a higher salary within this range and request compensation of 80 000 to 85 000 responding when you re unsure of your desired salary i don t have a specific number in mind yet.
Typically the value of non cash compensation will range from 40 60 of the value of the cash compensation but it can be significantly higher in some cases. Then immediately shift the conversation back to the skills and value you will bring to the role. If you decide to share a range for desired salary in the interview always make it a broad range like 40 000 60 000.
Don t be tentative or offer the range in the form of a question. But if you are not sure what to put as desired salary range for instance you can write 45 000 60 000 or 65 000 75 000. Ensure that you carry out comprehensive research about the company together with the position s market value.
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