Applying for jobs: knowing your worth
Working out what you’re worth in the job market can be tricky, but trust us, it’s a game-changer when you’re eyeing that new role. Ensuring that you don’t sell yourself short or miss out on great opportunity when applying for jobs because you don’t know your true value is so important.
So, let’s break down how you can size up your professional worth and walk into those job applications armed with all the information.
Do your homework
First things first – understand what people in your field are making and don’t forget about industry salary surveys. Just remember, these are ballpark figures, so think about where you fit in the mix.
Know your key strengths
What have you got under your belt? Think about your experience, those special skills that set you apart, and the wins you’ve racked up. Have you led any high-profile projects or boosted the bottom line? Jot down those achievements – they’re your strengths for establishing your worth.
Don’t forget your qualifications
Your degrees and certifications? They matter. If you’re a graduate you can lean on these, while as a seasoned pro you can show how you have kept learning and growing.
Know what’s in-demand in your industry
Some skills are in high demand, and that can bump up your value. Stay in the loop about what’s trending in your field – it could give you an edge.
Recruitment Client Partner for medtech, Alice Smith, says: “As an ethical recruitment company we are all about being transparent and making sure we know the client’s salary bandings/budget up front, and if there is any wiggle room.
Remember the importance of soft skills
Don’t sell yourself short on things like leadership, communication, or problem-solving. These can be your secret weapon, especially if you’re looking for a role where you’ll be managing teams or dealing with clients.
Related post: Navigating the future: top 2024 soft skills for success in pharma
Location, location, location
Where you work can affect your salary. If you’re thinking about moving or working remotely, factor that in.
Look at the whole picture
Your current package isn’t just about your base salary. Think bonuses, company car or car allowance options, and benefits. It’ll give you a clearer idea of what to aim for in your next role.
Network and get the inside scoop
Speak to your trusted colleagues, mentors, or friends in the industry. They might have some insider information on salaries. Professional meetings can be goldmines for this kind of information.
Alice continues: “We always have honest discussions with candidates to make sure they are selling themselves at the beginning of the process so that we don’t then have any unexpected surprises at the end of the process. These can sometimes result in a frustrated client and a rescinded job offer.”
Think long-term
Sometimes, a lower-paying role that aligns with your big career goals might be worth considering. It’s not always about the money.
Practice your pitch
Knowing your worth is one thing, but you’ve got to be able to sell it. Practice talking about why you deserve what you’re asking for (modestly, of course!).
Keep it real
While it’s great to aim high, be realistic about what’s out there. Be ready to flex on other parts of the package if the salary isn’t quite what you hoped for.
It’s not all about the cheque
Remember, there’s more to a job than just the salary. Think about the whole deal – benefits, work-life balance, company culture, and room to grow.
By getting a handle on your worth before you start applying for jobs, you’re setting yourself up to come across as confident and clued-in. This prep work doesn’t just help you land a fair deal – it sets the tone for a solid relationship with your new employer.
We’re here to help you navigate these big career moves.
Use these tips to figure out what you’re really worth, and go into your job applications feeling excited and prepared.