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Trickben.com » Get Rich » How to understand if your salary is normal

How to understand if your salary is normal

26 Jan 2024, 00:01, parser
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What is a normal salary

When people talk about earnings, they often focus on some indicator. Is there enough to live on, how much Vasya's neighbor gets, or why a TV star earns more per shooting day than the average employee for several years. But this is not entirely representative.

It is not by chance that the labor market is called a market. There is a demand for it and there is a supply. And the salary is adjusted depending on these two parameters. There is also, of course, the minimum wage, that is, the amount less than which a full-time employee should not receive. But employers easily bypass this barrier by employing people for half a day or even a quarter.

Therefore, it is worth focusing primarily on supply and demand. Two market participants — the employer and the employee — pursue their goals. The first one tries to buy the work of the second one with the greatest benefit for himself, or rather, the result of his efforts. And, of course, he is interested in spending less. Although the employer of a healthy person understands that the quality of work largely depends on payment, so many are willing to pay at market rates or even more.

But the situation in the job seekers' market is also important here. If there are many of them, they start competing with each other. And the easiest way to increase your attractiveness is often just to lower the price. In this case, dumping occurs, and salaries on average in the industry may decrease.

Plus, companies' offers depend on their budget. Executives may be happy to pay millions to all talented employees. But if there is simply no money, then the salary offers will be modest.

The applicant, in turn, is looking for such a salary in order to feel comfortable and safe financially. The numbers, of course, will be different for everyone. Some people have enough housing, food and sometimes entertainment, while others want to buy expensive things and save more.

That is, in fact, a normal salary is the point where the offer of a particular employer and the requests of a particular applicant met. There is no universal indicator here, only a relative one.

How to figure out how much you want to receive

It seems like it's an easy question. In fact, it's not like that. For example, in one survey involving more than five thousand people from all regions of Russia, respondents said that they would like In Russia, they called the size of the "ideal salary" / TASS receive 192 thousand rubles. And although this is an average answer, it can be assumed that people were based not on official calculations, but on their own estimates. Because the average Russian salary before deduction personal income tax is Average monthly nominal accrued wages of employees in the economy of the Russian Federation as a whole in 1991-2023 / Rosstat 71.5 thousand. And this is taking into account top managers and other employees with salaries of several million, who hardly participated in the above‑mentioned study.

That is, the desired salary is almost three times higher than the average. But now people already live somehow, eat something, pay for communal services with something, and so on. In other words, they satisfy basic needs. Yes, perhaps not completely. Yes, perhaps they would like to throw on a little to live a better life. But the difference is three times too big, so the requests do not look calculated.

We need to be closer to reality. Firstly, it is rare for anyone to achieve a three-fold increase in wages at once. Secondly, a large salary in itself is described by the word "cool" rather than "normal", but we are still talking about this one here.

In reality, it is worth having three salary plans in mind:

  1. Basic. This salary covers only basic needs. It is not very pleasant and comfortable to receive it, but in a situation where there is no other income, it will come off as a temporary option.
  2. Normal. This is the golden mean. You can meet basic needs, save some percentage every month that you choose yourself, and there is still an amount left to spend on various things or additionally send to savings. Unplanned expenses, of course, everyone will see their own. But a normal plan implies about 20-30% of the total amount.
  3. Luxurious. In this case, you can not count expenses at all, at the end of the month the money still remains.

Of course, no one forbids you to be content with a normal salary and not strive for a luxurious option. Another thing is that requests will have to be made friends with offers from potential employers.

How to estimate how much you are willing to pay

You will have to focus on average figures, which are not necessarily the ultimate truth. There is always a chance to eventually come across an employer who will immediately offer more. But generalized indicators provide a base from which to build.

First, explore the services that job search sites offer. For example, HeadHunter has "How many Recipients", SuperJob has "Salary meter".

But it is much more reliable to manually select vacancies at different sites, try them on yourself and see how they match your experience and skills. Because general information is unlikely to be useful to you if this is an entry-level position, which is called the same as your current one, but from which you have long grown.

Another option is to ask around if you have a well—established circle of friends in a professional environment.

The normal salary will be, as they say, "in the market", that is, with small deviations from the average for your specialty and position.

What will help you sell yourself more expensive

This does not provide a guarantee, but it raises the chances of finding a place with a higher salary.

Skill development

The cooler you are as a specialist, the easier it is for you to compete with colleagues who dump. Because it will be clear why your work is more expensive. But there is a caveat: the greatness of the applicant is not always conveyed through a resume. Therefore, a well-promoted personal brand and connections are very useful here.

Slow search

When you are severely limited in time, the risk of quickly taking what is given increases. Therefore, it is good to start looking for a new place before quitting the old one, or to accumulate an airbag for the period of interworking. In this case, you will be able to look for a job slowly and wait for the perfect offer, rather than agreeing to compromises.

A good resume

Here everything is about the same as with Tinder: you can be as good a person as you want, but you will be chosen based on a set of photos. And if they swipe to the left, no further conversation will take place.

A resume should make an impression, and for this you need to make it correctly , and for a specific vacancy. If your resume shows you as a cool specialist, the company may initially be ready to offer you a bigger salary.

Bargaining at the interview

We started with the fact that the applicant usually wants to get more, and the employer wants to spend less. Therefore, before the interview, you need to prepare not only to present yourself, but also to bargain for a salary.

This will require arguments. Something like "I'm getting that much now and I want 30% more" doesn't sound very convincing. It is better to talk about what benefits you can bring and back up your words with examples from the past. Imagine that you are a seller in the market, only selling yourself.

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