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How Much
Should You Be Making? Find Out Using These
Steps
The first step to preparing to ask
for a raise is to know your market value.
(If you want a negotiate a higher salary
going into a new job position,
click
here.)
Without a clear idea of your market value,
you have virtually no basis or anchor from
which to request a change. You cant just
say,
I want to make more money. or
I
deserve more money. You have to relate it
to market demand and market value.
Market value information serves as a
starting point for negotiating a higher
wage.
Follow the
steps below to find out how your current wage
compares with the market.
1.
Download
and print the How Much Should You Be
Making? worksheet. 2. Fill
in the worksheet by first opening
the free Summary Report
of ADA's Compensation and Benefits Survey
of the Dietetics Profession.*
Go to page 9.
3. Referring to pages 9 to 14 of the
Summary Report, complete the worksheet
column with a dollar figure from each of the
hourly wage categories. Use the wage listed under the 50th percentile
column which
matches you and your job position.
For example, looking at RD Hourly Wage by
Years in Field on page 9, if you have worked
in the dietetics field for seven years, line
up the 5 - 9 years row with the hourly wage
listed under the 50th percentile column.
Record that figure on the worksheet.
* I
recommend getting the
book-length report of ADA's
salary survey because it includes
additional wage categories. Find it at ADA's
online bookstore. Its modest member price
can be leveraged into
thousands in salary. 4. Find the lowest
and highest hourly wage figures you recorded
in the worksheet column to fill in your
market value range at the bottom.
5. Compare your current hourly wage
with your market value range. Determine whether your current
wage is below, at, or above market value. If
your hourly falls within the range, is it on
the high end or low end? How can you use
this data to present a solid case for raise?
6.
Start the pay
raise process to request either
a competitive pay raise or a merit
raise using the strength of your market
value determination to make a solid case. |