Tag Archives: Salary Band

The Seven Factors That Influence Your Salary

To orient you with the way salaries are evaluated by employers, here are the seven factors–and some would be considered discrimination.  We hold nothing back here at SpringRaise.

1. Salary and Education. How educated you are matters in your salary.
2. Salary and Gender. Right or wrong, it has been documented that men often make more than women for the same job.
3. Salary and Weight. This would be considered discrimination by law, but your weight can influence how others perceive you and your value.
4. Salary and Years of Experience. How long you’ve been in the workforce and/or in your particular industry matters.
5. Salary Band. Where you are in your company’s salary band can influence your next raise amount.
6. Peer Salary. What your colleagues make can definitely influence how much you get paid. Knowing what they make is a big factor.

And  last, but most importantly…
7. Salary Negotiation. How well you negotiate at performance reviews or for new jobs can make a major impact on your lifetime earnings.

We at SpringRaise want you to know the seven salary influence factors so that you can manipulate them to your advantage.  Spend some time here and you’ll find a wealth of information that can help you make more money now and throughout your career.

For FREE sample salary negotiation letters, just fill out the form below with the subject “Seven” and we’ll send them to you right away.

* denotes required field

Your Name*

Your Email*

Your Situation*

Your Geography*

Your Salary + Bonus* (separate salary and bonus)

Subject

Salary Band

Once you spend some time on the other side of the negotiations table, you will realize that there is a pretty wide salary band of what the company would be willing to pay you and your peers to do your job. Some people are shocked to find out that two people that do the exact same job at the same company could be getting paid up to a 30% difference in salary. What is the main reason for the gap in salary? It really comes down to how well those people negotiated their salaries. If you think you are underpaid, don’t despair! By knowing where the band is, you can more easily get what you deserve.

1. Know how much you can ask for and still be in the Salary Band. The truth is that companies obviously don’t want to pay employees salaries at the high end of the salary band, but they can pay employees salaries at the high end of the band. This is why the band exists. Your job is to know where the band is so you know what kind of decision is just a matter of a manager paying you a little bit more (within the band) and asking to make a special request (outside of the band). If you know the high end of the band and you ask for a raise that brings you up to what your peers make, it can be as simple nod by your manager to get what you should be getting.

2. Know how much is too much because it is out of the salary band. On the flipside, if you walk in with confidence and ask for salary that is outside of your salary band, your manager could start seeing this as a request to move into another salary band (that may involve a promotion and title change). Although this is not necessarily a bad idea, it is just a different kind of negotiation in the eyes of your manager and would impact all sorts of other human resources issues for the manager (requisitions, open job searches, creating a new job description, impact on other members of the team, changing roles and responsibilities, etc). This may not be what you are actually asking for. Either way, it is really important for you to know where the lines are for your salary band so you can what you need.

Understanding salary bands is critical for negotiations when you are asking for a raise within a company that you are staying with and you have already tied to a specific salary band. It gets a little trickier when you are in a negotiation with a new company because the hiring manager may have the authority to pick you up and put you in an entirely different band. Again, this isn’t something to fear, it just means that you are going to need some more information in order to get what you deserve. Understanding the salary band is important, but again it is only a part of the whole picture.

For FREE sample salary negotiation letters, just fill out the form below with the subject “Band” and we’ll send them to you right away.

* denotes required field

Your Name*

Your Email*

Your Situation*

Your Geography*

Your Salary + Bonus* (separate salary and bonus)

Subject

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Salary

Happy New Year everyone!  As a major part of your total compensation, salary is the component that is what you get paid on your paycheck. There are many factors that influence your salary–some which are warranted, and others which may be a bit more controversial or subtle. At SpringRaise, we’re here to help you get the highest salary possible at every event throughout your career, whether it’s a raise, a promotion, changing jobs, or other opportunity to maximize your salary.

I’ve had many “springraises” throughout my career–raises in excess of 10% and even sometimes more than doubling my salary.  Check out the chart below to see my career compensation development.  After that, we’ll show you the seven factors that impact salary in your career.

Amazing!  I can show you how to get these types of raises throughout your career.

The Seven Factors That Influence Your Salary

To orient you with the way salaries are evaluated by employers, here are the seven factors–and some would be considered discrimination.  We hold nothing back here at SpringRaise.

1. Salary and Education. How educated you are matters in your salary.
2. Salary and Gender. Right or wrong, it has been documented that men often make more than women for the same job.
3. Salary and Weight. This would be considered discrimination by law, but your weight can influence how others perceive you and your value.
4. Salary and Years of Experience. How long you’ve been in the workforce and/or in your particular industry matters.
5. Salary Band. Where you are in your company’s salary band can influence your next raise amount.
6. Peer Salary. What your colleagues make can definitely influence how much you get paid. Knowing what they make is a big factor.

And  last, but most importantly…
7. Salary Negotiation. How well you negotiate at performance reviews or for new jobs can make a major impact on your lifetime earnings.

We at SpringRaise want you to know the seven salary influence factors so that you can manipulate them to your advantage.  Spend some time here and you’ll find a wealth of information that can help you make more money now and throughout your career.

For FREE sample salary negotiation letters, just fill out the form below with the subject “Salary” and we’ll send them to you right away.

* denotes required field

Your Name*

Your Email*

Your Situation*

Your Geography*

Your Salary + Bonus* (separate salary and bonus)

Subject