3 Variables That Fluctuate Compensation
- Author Ken Sundheim
- Published October 13, 2011
- Word count 630
- How sexy is the industry perceived to be by outsiders? Just like anything else in life, the opinion of the masses is a force that can tilt the number attached to any job offer.
This usually is a factor with younger job seekers, mostly who are coming right out of college or from a job (maybe two years or less of employment) that they did not like and, thus they gravitate towards an industry simply because it is "the thing to do."
Because of this, the effect on the compensation packages of those actually offered positions within these industries is quite heavy as you have students coming out of college who don’t know much, but know that it is "cool" to work in that industry, thus increasing demand to work at these companies and, simultaneously decreasing your demand as an individual.
Another factor that plays into this scenario is that the offered job seeker has to contend with the fact that if they negotiate their salary too hard that employer would not have to walk through the desert barefoot to find your replacement.
Ironically, there is an inverse relationship between what younger job seekers think is sexy and the subsequent pay from that industry. A good example of this would be public relations and advertising. Although, many want to get into the field, not many truly know what is involved, but still end up diluting the amount that job seekers are offered by these employers.
- How long has the company had this particular job requisite open? Staffing is a very tiresome project especially for the small business owner. The reason why this is is that not only is it a lot of work, it is a pride swallowing thing for CEO to have to go back to his days as a salesperson and pitch people that, in his or her opinion should be interviewing them.
How much can this variable swing a number on that job offer?
I have seen a fluctuation of up to $25,000 in a base salary due to, nothing more than good qualifications and what one can refer to as employer recruiting fatigue. Occasionally, this rule could go against the job seeker because every now and then you get the employer or prospective employer who is too skittish to pull the trigger on a hire and, thus they end up interviewing till the end of time leaving the decision to their grandchildren in their will.
- Your qualifications and perceived employment stability. If the employer feels that, due to your past you may not be with the organization in a year or two, salary wise you become somewhat dispensable, or risky if that adjective sits better. As a job seeker the only way to really make up for this is to have great accomplishments within your career (nobody could tell you what those are, but yourself) and an ability to connect with the employer on a personal level, thus gaining trust.
To prevent the loss of compensation due to job hopping, before you leave your current job, think of the ramifications this could have on your next compensation plan. Try to stay in average of 2.5 years for each job that you take. If you find yourself in unbearable situations, it may be time to leave your job and take the compensation decrease, but at the same time be very careful with the next position that you accept. As an executive recruiter, I know that no two situations are the same and could only give staffing advice on an ad hoc.
Of course, there are a lot more variables than the above regarding compensation. Some of these you would laugh at, some you wouldn’t believe and, for better or for worse I have seen most of them.
Rate article
Article comments
There are no posted comments.
Related articles
- Buying a Home When the Interest Rates Drop
- From Sheep to Chic: The Style Power of New Zealand Wool Carpet
- The Healing Blueprint: How to Activate Your Body’s Innate Power to Recover Naturally.
- Turmeric Uncovered: Nature’s Golden Remedy for Modern Wellness
- Turmeric’s Timeless Secret: A Golden Path to Better Health.
- Healing in Harmony: Unlocking the Secrets to Your Body’s Self-Renewal.
- The Bohemian Skirt: A Timeless Wardrobe Essential
- Ganesh Chaturthi: A Modern Take on Tradition Through Carved Wall Panels and Spiritual Wellness
- Revitalize from Within: Simple Strategies to Boost Your Body’s Natural Healing.
- Golden Power: Unlocking the Healing Benefits of Turmeric.
- From Chandeliers to LEDs: Fehmi Lights’ Expert Answers to Brampton’s Most Asked Lighting Questions
- West Texas Desert Retreat: Eclectic Outdoor Living Spaces & Vintage Tables
- Awaken Your Inner Power: How to Elevate Your Body’s Natural Healing Abilities.
- Joint Pain Demystified: Everything You Need to Know About Causes, Remedies, and Long-Term Care.
- Mountain Cabins Bring Character
- Living Without Limits: A Complete Guide to Joint Pain Causes, Treatments, and Prevention.
- Bladder Health and Urinary Tract Function: Comprehensive Strategies for Lifelong Wellness.
- Diabetes and Limited Joint Mobility: Understanding the Connection
- Joint Pain Unlocked: Causes, Relief, and Prevention for Lifelong Mobility.
- Deposit & Withdraw With Paysafecard at Non GamStop Casinos
- Which Book of Ra is the best?
- How Baseball Builds Lifelong Discipline and Focus
- Your Local Lighting Experts: Fehmi Lights Serving the Greater Toronto Area
- Moving Freely Again: Understanding and Managing Joint Pain Naturally.
- Bladder Health Made Simple: Natural Ways to Support Urinary Tract Function.
- Dealing with Metatarsalgia in the Foot
- Benefits of Purchasing a New Construction Home In Spring Hill or Columbia, Tennessee
- Creating a Calm Home Workspace with Minimal Decor
- Bladder Health and Urinary Tract Function: A Complete Guide to Care and Prevention.
- Smart Weight Management: Proven Strategies for Sustainable Health and Lasting Results.