Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed.
Salary is paid, most frequently, in a bi-weekly paycheck to an exempt or professional employee. In most years, an employee's salary is paid in 12 even paychecks over the course of the year.
Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.
Salary is typically determined by comparing market pay rates for people performing similar work in similar industries in the same region. Salary is also determined by leveling the pay rates and salary ranges established by an individual employer. Salary is also affected by the number of people available to perform the specific job in the employer's employment locale.
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In today’s tough world, a lot of job seekers and employees are unsure about how to successfully negotiate their starting salary.
The objective of a successful salary negotiation is to find a solution that is acceptable to your and your future employer so it’s a good idea for you to learn a few important negotiation skills and strategies.
This past week I asked my boss for a fairly sizable raise. I’ve been with this company for over 5 years now and thought it was time to “ante-up and kick-in” (as Denzel Washington’s character boldly declared in Glory) and make a request.
Once you’ve proven yourself well qualified for a job during the interview process, you have to start asking yourself the tough questions. Do you have a strong desire to work for this company? What if they don’t offer quite as much money as you’d like? Is there a way to ask for a higher salary without alienating the employer?
Do you know how much you are really worth in today’s market? If you interviewed today, would you feel confident in negotiating your salary? Many job seekers look to us for guidance when negotiating their salaries. To be a successful negotiator, knowledge is key!
When people feel underpaid, they frequently make strategic errors in their approach to the problem. This was clearly illustrated by two readers of my newspaper column, who had very different reactions to their dilemma. Here's what they had to say:
Negotiating is intimidating. Talking about money is awkward enough as it is, but add on the element of asking for more money, and it just gets extremely uncomfortable.
One aspect of negotiating a job offer that seems to make people squirm is the fact that it’s not really a give and take. The idea is to just, you know, take more—and that feels weird, not to mention less effective.