Salary 101: When And Where To Talk About Money In A New Job

Dough, moolah, currency… Whatever you call it, it all comes to the same thing.

Money makes the world go ‘round. It’s what got you that snappy outfit you’re wearing and it’s one of the main reasons why you’re looking for a job.

Money plays a funny role in the job search. You want it, employers want to give it to you, but it needs to be handled very carefully, especially in the first steps of the hiring process.

Mention it too early and your interpretations might be misinterpreted. Neglect to bring it up at all and you might get suckered into a number you don’t want.

There are two solid rules of thumb to follow when it comes to salary.

First, always do your research beforehand. Use websites like GlassDoor or ask networking contacts to find a range you can expect to find in your industry and position. Find a solid range and factor in what you’d be willing to accept. This research will help you protect yourself from employers looking to save a couple bucks on you.

Second, in the early stages of the hiring process, don’t bring up money unless the employer does first. This time should be all about getting to know each other and determining a good fit. Bring up your salary requirements too early, the employer might be deterred by your demands.

Check out these guidelines to follow when it comes to discussing money.

When the job posting asks for it…

Sometimes, not often, but sometimes, an employer will request salary requirements in the job ad or posting. If this is the case, then follow the directions and include your salary requirements at the very bottom of your cover letter or resume. Use your research to find a range that is normal for the position and can support you. Don’t go into excessive detail.

When the employer brings it up…

It could be in the first correspondence, an interview, or during the follow up. In any case, be armed with your range so that you don’t hit too high or low. Remember that, if ​you are hired later on, the number will come up again, so only volunteer a range that makes sense.

When you’re given a job offer…

Don’t worry, it’s not too late to discuss money! When you’re given a job offer, be prepared to negotiate. Many employers will try to give you a number that’s on the low-side, but are willing to raise the number if you negotiate.

However, don’t push it. If they aren’t budging, that’s life. The economy is rough on everyone, not just you.

What do you think? What other advice do you have to offer to job seekers about money?Share your thoughts in the comments below!