A job that squanders everyone's time and may also give rise to frustration along with other financial problems for you is a curse rather than a boon. So, wondering what to say when posed with a question on defining your salary requirements is also obvious.
Please note that setting-up a practical salary range reflecting your real income requirements is very important. After that, the whole procedure of discovering a job get much easier, as you know your low-levels and can also eradicate potential jobs that are outside your range.
Build-up a Budget
Doing some research for reaching to a realistic salary range is crucial; and for this considering your living expenses that are fixed, variable and discretionary is important. Fluff-up the check-book and begin adding-up the fixed expenses, like mortgage payment, rent payment or car payment that are the predictable, ongoing expenses. Variable expenses like a 12-month average of electric bills, telephone bills, heating bills and grocery bills are also to be added. Ultimately, initiate a monthly average of optional expenses such as entertainment, travel, gifts and credit card purchases. In the end you shall have the picture of costs required to be maintained every month for supporting your present standard of living.
By now it might be clear that considering your personal financial state of affairs, do you want to consider dipping some of your discretionary or optional expenses or not, more so in case if you've not been working for an comprehensive period of time.
Set Rational Salary Expectations
It is important to not falling prey to the "they're not offering what I'm worth" syndrome. So realizing that what value the prospective employer attributes to the job is what matters.
Decide Your Range
After determining your salary requirements, place it as the base of your salary range, and add further a $10,000 to that figure so as to set the apex of your range. Further, adding $20,000 to establish the top of your range is not the best practice as it depends on your willingness and ability to negotiate the offer so made to you.
