Calculating a salary increase
Discussion
Is a website like www.payscale.com a decent source of information to calculate average salaries across positions and therefore expected increase from one position to another?
Perhaps unusually it's been a while since I've had to negotiate a salary increase, however I've just been asked if I would take a role and to consider the package I expect in return. Clearly I'd rather propose an increase based on credible information than appearing to pluck a figure out of thin air.
For reasons not worth getting into, the person currently in that role gets paid less than I do and can therefore not be used as a guide. Using the averages on the above website indicates a 36% increase in basic salary which I'd be more than happy with.
Perhaps unusually it's been a while since I've had to negotiate a salary increase, however I've just been asked if I would take a role and to consider the package I expect in return. Clearly I'd rather propose an increase based on credible information than appearing to pluck a figure out of thin air.
For reasons not worth getting into, the person currently in that role gets paid less than I do and can therefore not be used as a guide. Using the averages on the above website indicates a 36% increase in basic salary which I'd be more than happy with.
I would advise against using sites like that.
Most (big) companies benchmark pay against each other using Mercer or Hay.
The problem is, websites tend to be quite general and may overlook factors like, regional average wages, availability of talent etc.
If this is an internal move then you are highly unlikely to get a 36% increase..
Gargamel said:
I would advise against using sites like that.
Most (big) companies benchmark pay against each other using Mercer or Hay.
The problem is, websites tend to be quite general and may overlook factors like, regional average wages, availability of talent etc.
If this is an internal move then you are highly unlikely to get a 36% increase..
36% sounds like mid-band to mid-band, usually when being promoted internally you’d be on top whack for your current role and move onto the starting salary for the promoted role so I’d agree it’s ambitious.Most (big) companies benchmark pay against each other using Mercer or Hay.
The problem is, websites tend to be quite general and may overlook factors like, regional average wages, availability of talent etc.
If this is an internal move then you are highly unlikely to get a 36% increase..
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