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How Can You Maximize Your Salary in Your next Career Move?
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If you’re planning on changing jobs soon, there are a few things you can do to get a higher pay bump than the national average.
Contact us today and let us help you find your next employee or career
How much money can you expect in your next job move?
Whenever someone stays with their current employer, they usually get a 2% to 4% bump in pay every year. When you change jobs, the industry average is an 8% to 10% bump. Granted, that’s not always the case. We’ve seen people get less and we’ve seen people get more. There are a few things you can do to maximize your leverage and your offer so that your increase is above the industry average.
The first and most important thing is to be currently employed when you make that job change. This way the employer that’s trying to hire you knows they’ll have to make a really good offer to lure you away. If you’re not employed, your leverage isn’t quite as high and they know they’ll be able to hire you for a little less.
The second thing is to interview really well. Prepare some really strong questions in advance. Don’t prepare too many, though—you don’t want to bombard them. The quality of those questions should be very high. This can be accomplished by doing great research about the company and understanding your future role there as much as possible.
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Knock your interview out of the park.
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Finally, state the salary that you would like to make. Instead of saying you’re open to offers, you can state a definitive number that’s maybe 15% or 20% more than you currently make. Throwing a higher number out there gives you the opportunity to get that higher number as opposed to dragging the issue out to the end and only getting the standard 8% to 10% bump in pay.
There are many other things you can do to achieve your desired salary increase the next time you change jobs, so if you have any questions, please don’t hesitate to give us a call. We’d be happy to help you.
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