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How Employees and Jobseekers Can Prepare for Pay Transparency

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Pay transparency laws that require employers to list salary ranges on all advertised job listings are becoming more common. Colorado passed his pioneering bill in 2021, and California, Washington, New York, Rhode Island, Massachusetts, and South Carolina all have legislation or are currently pending.according to CNBC Experts say it’s only a matter of time before salary ranges become the norm across all job listings.

We hear a lot about what official salary levels mean to HR departments and recruiters, but what does it mean to you as a job seeker? How can you come prepared for an interview and get an offer in the best salary range?

Pros and Cons of the New Pay Transparency Act for Job Seekers

People in HR have mixed feelings about the pay transparency law, but it could benefit job seekers more than anything. It makes the hiring process much more comfortable. Instead of worrying about how to approach the sensitive topic of salary, you can focus on the interview itself, making it feel less like a bargaining game and more like a real conversation.

Another proponent of publishing salary ranges is to allow low-wage employees to negotiate salaries that are appropriate for their current company. Many employees love where they work and have no plans to move. But they are not paid fairly according to what they see in the market (job postings). Payroll transparency gives you the data you need to research the current market and negotiate with employers. If that doesn’t work, we have information on finding a well-compensating job elsewhere.

Perhaps the most significant shortcoming of wage transparency legislation affects job seekers being paid more than the market says they should be paid. If you’re a job seeker who negotiated a high salary for your current position, you’ll likely find your options more limited as salary ranges have become common knowledge.

Many people are now overpaying. Employers were desperate to hire top talent during the pandemic, but the job market is returning control to employers today. If you are one of many who are blessed with inflated wages, the published salary range can limit your ability to bargain when looking for a new job. You have to balance your expectations with the new reality.

How to compete for the top of the salary range when interviewing

When you see a salary range on a job posting, you may wonder whether you should expect an offer from the bottom or top of that range. You should do everything possible to put it in place.

If you’re like most job seekers and the salary range is listed as $50,000 to $60,000, the only number that sinks in is $60,000. Of course, you must be qualified to be offered that job and the upper end of that salary range. Now that salary ranges are becoming a standard part of the hiring process, I think most companies will start measuring compensation based on a variety of factors and variables. These variables can include training and years of experience.

Justify your worth

To justify your worth during the interview, determine what the employer wants and show how valuable you are to them. If you’re trying to hit the top end of that salary range, you’ll need to offer training and experience that sets you apart from other candidates. Do your research before the interview and submit whatever you can offer.

Lay a foundation and start defending yourself from the beginning. If you know you’ll be doing a phone interview or an in-person interview with the company, be prepared to dig in and tell them what’s important. As a job seeker, your responsibility is to understand what employers are looking for, what qualifications they need, and how to exceed them.

In your first interview with a hiring manager, ask questions like:

  • How would you rate the success of the candidate you hired for this position?
  • What are the qualifications that mark the ideal candidate for this job?
  • Where do I stand among other candidates for this position?

By answering these questions, you’ll be ready to demonstrate your worth when you sit down in front of a hiring manager.

Ultimately, however, your ability to justify your value comes down to how recruiters view compensation. If their range is based on years of experience, the offers you can expect are pretty much set.

what i really want

How to approach salary ranges as a job seeker

Like most other job seekers today, chances are you have some questions about the new Pay Transparency Act. You may have seen examples of Basically, this is a sign that the employer is cutting corners or feels the law doesn’t always apply. If a smaller company posts a salary range, recruiters may struggle to post accurate compensation. Law seriously. In any case, it would be wise to ask a wealth of questions before agreeing to work for such a company.

But it’s not just about the salary range

With salary ranges posted for many jobs, you might wonder whether you should apply and focus your efforts only on jobs with the highest salary range. I have a strategy. A wide range of salaries makes it easier to find a job, but you still have to work. As I always say, ‘I’m looking for a job. teeth full time job. ” Instead of just looking at the salary range, take a closer look at each position. Applying for a job you are not qualified for simply because it pays well is a waste of everyone’s time and can cloud your perception in the job seeker market. Take the time up front to determine how their skills match the qualifications for each job.

Finally, like many job seekers, you’re probably wondering if these salary ranges are negotiable. Simply put, yes. Any time you apply for a job where the posted range is between her $40,000 and $50,000, you can ask, “Is $50,000 the upper end of the range?” Your employer will let you know if the range is negotiable. Of course, the hiring manager might get frustrated with that question, but if you don’t ask it, you won’t know the answer. If you don’t qualify for the upper end of that range and keep asking for it, you’re only hurting yourself.

Know your worth

It is my observation that job seekers tend to think they are worth more than what the market says. I have. When you are honest with yourself, this gives you good insight and a solid foundation to build your search on. It is based solely on ruthless and hard skills.

With more and more job listings posting salary ranges and getting closer to a changing job market, it’s important to be open and upfront about your target salary and assert yourself during interviews. At the same time, understand that your experience does not always make you the best qualified. You can ask your employer or recruiter how salary ranges are determined, but Be realistic about your qualifications. Employers are becoming more transparent than ever, so take the time to honestly assess your qualifications and be transparent about the jobs you’re applying for.

This guest post was written by Kelly Robinson.

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