How Can You Learn Salary Estimate of Your Job?
Making a salary interview is always a difficult issue. In fact, in order to get out of the salary negotiations in the most powerful way, you must first find out your salary estimate based on today's job market. If you don't know what to watch out for, we have some suggestions for you.
Every job we have or are looking for has a certain value, and although companies need to know the value of all the positions they hold, it is difficult to align it with the profit of the job. Traditionally, we consider sales-oriented when determining the value of a position; because it is easy to make measurement depending on the gain. We know the value of the sales representative who performs 150% of the sales target. But what can companies assess the value of a software engineer, a customer representative, or human resource specialist?
In the current environment, companies are trying to understand costs to ensure profitability, and unfortunately they have to make decisions to cut costs. Therefore, it is in your best interest to be able to measure the value of your job in the company you work for. If you are in the interview process, being aware of the value of your labor will again help you to be accepted into the position. For example; think whether the position you are in or apply to can contribute to the profitability and success of the company. It is always in your best interest to know this and measure it accurately.
Here are a few suggestions to determine the true value of the company:
Learn the company's financial goals
If you work in a joint-stock company, you can access your company's financial information. If you are working in a private company and your manager has not yet shared such information with you, you can ask the manager. It's good for you to understand how your position will help you achieve your company's goals.
Know the professional role in business models
Every company makes assumptions about business models and then tries to prove it, focusing on achieving better. How many customers can a customer representative handle? How many lines of code can a programmer write? When you think about the human resources officer, how much do you think these people are valued? Value measurement is a difficult concept. Companies conduct surveys among their employees and measure their retention rates. High retention means that production is consistent and recruitment costs are kept under control. Thus, added value is provided to the company by protecting investment and avoiding costs.