When it comes to finding a job, your salary is probably the biggest deciding factor—but it can be tricky to find information on how much you should be paid.
This information can be extremely helpful when you’re looking to figure out where you stand on the job market. Salary information varies between industries, so it’s a good idea to get a broad idea of where you stand and see if there are any discrepancies in your pay.
Best 8 ways to find salary ranges
There are many reasons why you might be looking to find out how much your prospective employer is paying you. Whether you’re a student looking for extra money, a recent graduate who wants to find out what your current company pays, or a full-time employee looking to move to another job, it’s important to know what others around you are being paid.
The first step in finding your prospective salary is to find out the range of pay at that company or in that field. The first thing to do is to look at salary ranges online for that industry or in that field. This will give you an idea of what your future potential salary might be.
Related article, What Does Competitive Salary Mean?
1. Ask the hiring manager
You may be surprised at how much variation there is between salaries for the same position at different companies. And you may be able to find out why that is from the people who actually hire for that position.
Just ask the hiring manager what they’re looking for in a candidate when they’re hiring someone new to their team. That way, you can compare the range of salaries they offer and the pay they want to see in their applicants. This will give you a better idea of whether your current job is underpaying or overpaying.
2. Look at the job posting
The job posting is a good place to look for a range in salary. If the job posting says that you should expect to make X dollars per year, the average salary for someone in that role should be somewhere around that number. You can also check Glassdoor for salary ranges for similar positions at other companies.
3. Find Salary Surveys and Survey Data
Salary surveys can provide invaluable information about the salaries people are earning in your field. A salary survey is a tool for identifying the range of compensation for a given job title.
You can use a salary survey to determine if you’re in the right field, what salary to target for your job, and to learn if the job you have is competitive in your field. Salary surveys are usually based on company data.
4. Respond to an interview request
If you’re being offered a job with a company, you should take it. They’re trying to give you a raise or promote you, so you should take them up on it. You should reply to their email requesting salary information only if you want to move forward with the offer.
When a company contacts you to set up a time to conduct an interview, it means that they are looking for talent. The conversation lets them know that you are at a specific stage in the process, so they are giving you their attention.
When it comes to negotiating salary, getting a head start on the discussion can prevent any surprises and a misunderstanding. This can be a win-win situation for both parties – the employer gets to know you and can make a better offer, and you get the security of knowing what to expect.
5. Include a note in your cover letter
A cover letter can be a good place to include questions you have about a job posting or company, including salary information. When you provide a range for a position, you might want to ask for clarification so you know you’ll be making an offer to the right person.
You should never undervalue yourself; you can do much better than that! Your resume or LinkedIn profile should clearly explain why you deserve a raise or promotion, which can persuade a company to reward you for your talents.
6. Conduct Salary Research Online
If you are looking to find out what other people are making in a certain industry, you can do it by looking online. Sites like SimplyHired.com make it easy to get the information you need about salary range for various jobs. You can search for your job title, company name, and keywords and see the salaries for that position in the local area.
Also check, Jobs That Pay Well
7. Perform independent research into the company
When considering where to work, it’s important to perform independent research. There are many ways to figure out how much you should get paid. Start by looking at what people are currently earning in your industry.
Use a job board to search for positions. Then, use Google to find out whether or not companies advertise their salary ranges on their websites or in their job postings.
8. Ask the recruiter
Asking a recruiter about salary ranges is a great way to learn more about what you can expect to make at a new job.
A few of my favorite questions are: How many people are in this position? What was the starting salary? How long do they have been in this role? What’s the growth rate? What is the average experience of the other people in the role? The answers to these questions will help you determine how much you should expect to make at your new job.