okay welcome welcome Jennifer Tardy here and you are with the black career
success channel on YouTube and thanks for coming back another day so I'm sure
you saw the title and you know what we're talking about today which is how
are companies determining how much to pay you in an offer so you must be in a
situation where you've interviewed and they want you and they've extended you
an offer and you're wondering to yourself where did this number come from
so if you stick around I'm going to talk to you about the three ways that most
companies use to determine salaries and if you stay in to the very end I'm gonna
give you some places that you can go to determine your market worth so the very
first way that a company begins thinking about your salary is during a market
analysis so a market analysis looks at the job title and the number of years of
experience that that you need to have to be in this position and it's compared to
similar jobs in the market or jobs with those similar titles in the market so
that similarity could be something that's industry recognized so think
about the competitors for that same company it could just be looking at that
title in general it doesn't really matter it what's industry it's in and
then that data that comes in from the market analysis gives the person
creating this salary arranged with which to work so companies will then look at
that range and get an idea of where best to consider your salary the second input
that really good companies look at is called internal equity and if you
haven't heard an internal equity I'm just going to give it to you pretty
clean and clearly it's what your peers at that same company with that same job
title make right because we can't bring you in to work at this company making
way more than the people who are already here within the company performing the
same work make so if that's the case and if they find that in order to seal the
deal with you they have to bring you in in a competitive rate there has to be a
reason for that and in addition the company also needs to ask themselves do
I need to do any sort of adjustment to the people who will soon be your peers
at the same company I understand internal equity now so it's
making sure that internally everyone is paid with the same amount of equity
right now the third way or the third input that organizations often rely on
and listen closely I'm going to say it slowly they rely on your salary history
okay so anytime you hear me mention something related to don't share your
salary history with an organization focused more on your desired salary or
watch what you say regarding your salary history that is because that is a huge
input that could go into it could go into the decision that the next
organization makes when they decide to pay you so the challenge here is what if
you've already been paid pretty low right for someone with your job title
now you share in your salary history with this new organization and that new
organization only pays you a little bit more than what you're currently making
then you're never going to be able to catch up or close the loop in your own
salary so I always recommend that instead of talk to me about salary
history you talk about either your your market Worth and we'll get to how you
can determine your market Worth in a second or you talk about your desire
salary I'm gonna do another video in the future that talks about how you can get
around the salary history question more in depth but for now I think that this
is an important token for you so now you understand that many companies take all
three into effect looking at the market and what the market says somebody doing
this work should make looking at internal equity looking at what your
peers with the same job title in the same organization are making and they're
also looking at your salary history now laws are being put in place now related
to recruiters inability to ask a question around salary history but again
more about that so for those of you who wanted to know how can I determine my
worth in the market based on my own knowledge skills and experience how can
I determine how much I should desire by way of a salary there are three places
online that I always recommend that people go to go to all three because it
may give you a different indication bring all that information together and
then you'll see how your pain compared to other your other peers in the market
the first place that I recommend is go to salary comm salary comm allows you to
put in the job title put in a city in the state and then it tells you it gives
you a range on what people are making that have that exact same job title look
at the duties as well because some have levels within the same job title that
you need to be aware of as well the other thing that I recommend is pay
scale pay scale is similar to salary comm both give you good perspectives on
salary now another place that a lot of people go to to get reviews on
organizations it's also an excellent place to go if you want to learn more
about what people are making within a certain company and that's glassdoor.com
I always recommend that when people are doing their
research on what they want their desired salary to being argument go to
glassdoor.com you can actually look at organizations
that you're interested in if they're already in the system and believe it or
not employees of that organization will anonymously put in their own salary for
the same position that you're looking for so it also gives you some leverage
it gives you some insight on how much people are typically how much that
organization is typically paying for employees who do that job title so I
hope this helps you another nugget another day another step towards success
in your home career join us back again soon we are always coming back with more
videos see you soon