Here's how you can ensure a fair salary or raise by researching industry standards.

Understanding market value is key to fair compensation. Identify factors impacting salaries: job title, location, experience, company size, and industry. Leverage online tools for salary data, focusing on roles similar to yours. Consider your specific location, company size, and experience level. Don't forget additional compensation like bonuses or benefits. Armed with this knowledge, you can confidently negotiate for the salary you deserve.

Researching industry standards empowers you to negotiate for fair compensation. By understanding typical salaries for your position, experience level, and location, you can confidently advocate for a wage that aligns with your market value. This data strengthens your case for a raise or helps you identify potential underpayment in your current role.

It is not a rocket science to know ones self-worth. Ideally, one should sit down and note down the strengths, weaknesses, opportunities, and threats and jot down all the points that come into mind with respect to these areas. Once done, you will get a fair picture of where you stand, what are the positives for you, and what you need to do in order to reach there, that SWOT analysis helps you identify what are the areas on which you need to work it need not necessarily be your weaknesses. You can save time by working on your strengths and “sharpening your saw “. That is what matters. You need to also develop a sense of self-confidence, stop comparing yourself or your SWOT with that of someone elses. You are as unique as your biometric!

Knowing your worth is a critical yet complicated piece of the puzzle. Another offer in hand gives a fair idea about what could be. Companies are large organisms set in their ways. A single individual can sometimes feel compelled to follow the bizarre rules & timelines rampant in corporate and an offer from another organisation will set the wheels in motion like nothing else. Keep interviewing, keep looking around and keep negotiating.

One of the most important things you can do during a negotiation is not make any of it personal. Use external data and reference points to show how other companies are rewarding people in similar roles, this will take some of the negative charges and tension out of the negotiation. For people in commercial leadership and sales roles, Pavilion is an example of a community to really supports professionals with advice, benchmarks to ensure a fair outcome. It has helped me tremendously in my career, especially with difficult topics like equity and contract terms. They have a regular benchmark study available to members tracking pay and packages for each market to make it pretty easy to discuss market value and best practice.

In addition to these topics, think about your role and impact inside your company. I just consulted with a marketing and sales rockstar. She is looking for a raise and wants to grow into a larger role. Today she leads her segment in sales and ingenuity. I counseled her to document her past successes then create her dream position leveraging her sales methodology. As a final step she presented her business case and training plan last week and is on her way to creating her dream job as a sales leader. She created value to the entire company by creating a solution that didn’t exist before she created her sales methodology. If you create value for your organization money will always follow value. Solve big problems and reap the rewards.

Este consejo es muy práctico y esencial para una negociación salarial exitosa. Realizar una investigación de mercado exhaustiva permite tener una visión clara de los rangos salariales y establecer expectativas realistas. Utilizar herramientas como calculadoras de salarios y revisar informes de la industria ayuda a tener un punto de referencia sólido, lo que refuerza nuestra posición durante las negociaciones. La preparación y el conocimiento del mercado son claves para obtener la compensación adecuada.

Women often settle for less as they don't understand their worth as men are always paid more in most industries, also often women lose golden years in pregnancy, parenting and caregiving

Understanding your market value is key and obviously very important, but in my experience, the most uncomfortable conversations have been with employees who did not analyze the value of their function/role for the company. In essence, it is critical for employees to understand both their market value and the specific value of their role within the company. There is need for clear communication and evidence of enhanced contributions when negotiating for higher pay, as well as the company's ability to accommodate and recognize new or expanded roles. A given role may not have room for growth and someone might have to move companies and/or roles to achieve their full potential or salary expectations.

Este enfoque subraya la importancia de comprender el impacto de nuestro rol en la empresa y en la industria. Los puestos clave, especialmente aquellos en alta demanda, suelen justificar salarios más altos. Reflexionar sobre nuestra contribución al éxito de la empresa y estar preparados para comunicarlo eficazmente durante las discusiones salariales no solo fortalece nuestra posición, sino que también muestra una visión estratégica y alineada con los objetivos del negocio. Esta perspectiva es fundamental para una negociación salarial exitosa.

Your unique experiences are powerful in demonstrating your value and justifying a raise or fair salary. While skills can be similar, each person's journey is different. Sharing stories of projects and adding personal anecdotes not only highlight the value you brought in but also showcase your deeper involvement in projects.Highlight your leadership, how you tackled challenges, and supported key projects. Remain honest and make sure your commitment towards your assignments comes forth.

La experiencia es un factor crucial en la determinación de nuestro valor profesional. Cada a?o adicional de experiencia debería traducirse en un aumento salarial que refleje nuestras habilidades y conocimientos en crecimiento. Al negociar un aumento, es importante destacar nuestro progreso y cómo nuestras habilidades mejoradas benefician a la empresa. Si estamos en busca de un nuevo empleo, nuestra experiencia puede ser una poderosa herramienta de negociación para asegurar un salario inicial que esté a la altura de nuestras capacidades.

Engage with professionals in your field to learn about their experiences and compensation. By fostering these connections, you can gain access to mentorship opportunities, industry trends, and potential job openings that may not be advertised publicly. In addition, cultivating a strong professional network can ultimately lead to more informed and confident salary negotiations, as well as broader career development.

As you advance in your career and gain more experience, keeping your professional network active is key. Stay in touch with your peers, bosses, and other leaders both within and outside your organization. Social networking platforms like LinkedIn can be incredibly useful for expanding your connections and engaging with others in your field. Seek out a mentor who can offer guidance and support, and consider mentoring others in return. This mutual exchange of advice and support can be invaluable for growth and development.

La creación de redes con colegas es una estrategia valiosa para comprender los estándares salariales y las tácticas de negociación en nuestra industria. Interactuar con profesionales del mismo campo nos permite conocer sus experiencias y compensaciones, proporcionando puntos de referencia útiles y perspectivas alternativas para abordar las discusiones salariales. Además, la creación de redes no solo se trata de recopilar información, sino también de construir relaciones que puedan apoyar nuestro crecimiento profesional y desarrollo a largo plazo.

The salary expectations should be set according to the profile within a domain average with similar years of experience, average across similar profile but in different domains and the value you bring to the table along with the wealth of knowledge and experience.

People often confuse between negotiating a job offer and salary. But there much more to consider than just the salary. Think about the whole package: the role and responsibilities, work hours flexibility, job location, growth and promotion opportunities, perks, and support for continued learning. You might choose a path (for instance a role in AI in the current market) that offers a lower salary now but sets you up for greater rewards and opportunities down the line.

Interviewing regularly is a smart way to stay on top of the job market. Often, we only start interviewing when we’re actively job-hunting or in need of a new position. However, if you make it a habit to interview and engage with recruiters even when you’re not looking for a job, you’ll gain valuable insights into the market. You’ll stay informed about current trends, demand, and what employers are seeking. This proactive approach helps you better prepare for your current role and future opportunities.

Salário justo é o básico! O que dá pra ser feito além disso é acrescentar benefícios, bonifica??es e b?nus. ___ Fair pay is basic! What can be done in addition to this is to add benefits, bonuses and bonuses.