Sunday, June 10, 2007

What Salary Should You Expect For Your Next Job? - page 3

How To Determine Your Market Value:

Fortunately, there are a number of good tools that exist to help you understand your real market value. Use these sources and methods to get a reasonable range:
  1. is a good simple indicator, especially for staff level roles. gives comparative salary information by job title and location.
  2. does a more detailed analysis, taking into account title, major responsibilities, industry, years of experience, education, and relevant certifications.
  3. Bureau of Labor Statistics data: The website has a wealth of information, from salary info to employment outlook for industries and job functions.
  4. Adjustments: A good guideline for adjustments include:
    • Unemployment: -5% to -10%
    • Industry losses: -3% to -10%
    • Length of most recent job: -3% to -5%
    • Industry change: 0% to -3%
    • Function change: 0% to -5%
    • Age: 0% to 10%
    • Geography - Geographic multipliers and information can be found on, and
  5. Note: These are ranges used to create estimates. When you hear stories of someone taking a 30% pay cut, there are likely multiple adjustments affecting the offer.

These tools and adjustments should allow you to calculate a range that estimates your market value. These estimates can help job seekers decide whether to stay in their same industry, or if it's worth it to try something new.

How do you stack up?

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Sandy Hanna said...

Excellent article and relevant topic in today's job market. Thank you for the links, I had not used The pay adjustment information seems to be "right on" with what I am hearing in the marketplace!

Phil Rosenberg said...

Sandy, Thanks for the marketplace confirmation! With your background, you'll probably find the more detailed analysis that Payscale gives to be very helpful.