Determining Your Market Value

If you don’t know what you’re worth, you won’t know if a prospective employer is presenting you with an offer of fair salary or wages.  Job titles are not universal.  Many employers have different names for the exact same positions.  Conduct research to find positions similar to what you’re looking for so you can perform a comprehensive salary search using all relevant job titles.

There are many tools available online to help you determine what other individuals in positions similar to yours are earning.  The U.S. Bureau of Labor Statistics, or BLS, offers a wealth of wage and salary information on hundreds of jobs, allowing you to see average earnings in your field by industry, region and more.  Another good resource is Salary.com which allows you to input your job title and city to see what others in your position are earning.

Most positions have a salary or wage range.  Exact pay is based on a number of different factors, including experience level, education, certification, past performance and overall fit for the job.

Remember, wages or salary isn’t everything.  When determining whether or not a job offer is fair, take into account fringe benefits like health insurance, 401k match, and stock options.

You may not be offered the base pay you were hoping for, but if the total compensation package is attractive, it may ultimately be a better deal than a high salary alone.

For more information contact GST Michigan Works! at 800-285-WORKS.