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The value of the "face" - the person doing the job - is the value of the "space" adjusted for characteristics known to have an influence on an individual's pay. Avjobs.com calls these "personal variables."
Did you know employers sometimes pay a premium for the right education and experience? Or that you might be able to earn more by doing the same job in a larger company? In fact, these could be some of your strongest negotiating points in your next performance review, job interview, or request for a promotion.
Employers typically adjust their market data when determining how much to pay a specific employee to do the job. In other words, they price the "space" - the position in the organization - before they price the "face," or the person doing that job. After they determine the value of the position by researching the data on pay practices for comparable jobs at comparable companies, they adjust the data to reflect the employee's background and experience.
Employees now have access to the same caliber data as HR departments, including data that reflects salary secrets like the Eight things that can increase Your Pay.
Finding the Best Data
The data in the Avjobs Salary Tables is a great starting point for determining
what employers are paying for a specific job in a specific location. The
salaries are national averages to which an adjustment has been applied to
account for broad geographic differences in pay. The Avjobs Salary Tables
start to put a value on the space, but not the face.
The next step is to dig deeper into the numbers. In addition to geography, other factors have an influence on how much a job pays, including the size of the organization and the industry in which the employer does business. Geography, company size, and industry all affect the value an employer puts on the "space." The Avjobs Salary Tables provide data pertaining to jobs in a specific combination of industry, geography, and company size.
Eight things that can increase Your Pay
The value of the "face" - the person doing the job - is the value
of the "space" adjusted for characteristics known to have an influence
on an individual's pay. Avjobs calls these "personal variables,"
adjusting for eight personal variables in the earnings potential.
They include the following.
Years of experience
Typically, more experience results in higher pay - up to a point. Similarly,
if the position calls for someone with 10 years of experience in a particular
occupation, and you don't meet those requirements, you may find yourself
on the lower end of the pay scale.
Negotiation tip: emphasize your years of experience if you have slightly
more than what's required; if you have too much experience, you may be overqualified.
Education
The match between your education and what's normally required for your job
usually affects your pay. Plus, the quality of education can affect salary.
Earning a degree from a top program typically has a positive influence on
pay, while earning a degree from a school that's considered weak in a particular
field may decrease your earning potential.
Negotiation tip: emphasize your education if it is more than what's
called for in the job - and it's relevant.
Performance reviews
Since most employers base their pay decisions at least partly on individual
performance, this is an important variable when being considered for a pay
increase or promotion. Even when applying for a new job, this information
may be important to your prospective employer, as it gives a more complete
picture of your abilities.
Negotiation tip: performance has a significant impact on pay, especially
incentive pay.
Boss
The more discretion and latitude you have in relation to your company's
success, the more directly your decisions and actions will affect the bottom
line, and your own. And if your boss is higher on the corporate hierarchy,
his or her recommendations concerning your pay have less chance to be overridden
in the cycles of review.
Negotiation tip: in the interview process, find out who the position
reports to, along with the position's potential for growth.
Number of reports
The more employees you manage, the higher your pay in certain jobs. Of course,
your level of success is also based on the performance of the employees
you manage.
Negotiation tip: emphasize the successes of those who report to you
or who reported to you in your previous position.
Professional associations and certifications
Certifications and memberships in professional organizations or trade associations
can have a positive effect on pay. However, if a job calls for a certification
you don't have, you might not get the job or your pay might be set at the
lower end of the range. Some employers require employees without certifications
to work toward them.
Negotiation tip: if you have a certification that is optional, but
considered a plus, that means you can expect to earn a little more because
of it.
Shift differentials
In certain jobs, workers may be expected to perform tasks during less favorable
shift times. These employees are typically paid a premium due to the higher
social and physical costs involved in working outside "normal work
hours." In jobs that don't normally operate on more than one shift,
the differential is negligible and usually only taken into account when
a non-salaried employee works overtime or on a special project.
Negotiation tip: you can expect to earn a little extra for working
the second or third shift.
Hazardous working conditions
In certain jobs, workers are expected to perform tasks under dangerous working
conditions. Dangerous working conditions can be defined to include anything
from handling dangerous chemicals in a research facility to walking a police
beat in a dangerous section of town. Jobs that fall into this category are
usually regulated by outside authorities, including labor unions and the
government.
Negotiation tip: ask for hazard pay if you are put on a temporary
assignment in a dangerous location.
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