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Talent Tip #27: Talking Turkey: Determining an Appropriate Salary Range

November 15, 2011

Whew! Last month’s tip about providing requested salary information inspired a lot of great feedback! It’s going to take several months to get to all the great ideas, but let me start with the most common question I received: how does one determine an appropriate salary range?

Yikes. That’s like answering, how do you fall in love? Hell, if I know!

I jest. However, determining one’s salary isn’t something you can easily calculate with a simple formula. Rather, it’s a very subjective, imperfect science that involves many factors. Let’s walk through some of the factors hiring managers and candidates should consider when determining salary.

  1. Years of experience – How many years have you spent in the working world? Were your roles fulltime? Part-time? Do you have long gaps in between jobs?
  2. Work history – What types of positions have you held? What sorts of responsibilities have you had? Did you manage people? What value did you create in these roles?
  3. Quality of employers – Did you work for solid, reputable entities?
  4. Longevity – How long did you last at each role? Did you have good reasons for making job changes?
  5. Salary history – What do you earn now? How has your salary record progressed? Have you been overpaid? Underpaid?
  6. Location – Where do you live? What’s the cost of living?
  7. Role at hand – What is the new role under consideration? Does it involve more responsibilities than your current role? Fewer? Will it involve a significant change of lifestyle (i.e. lots of travel, long hours, etc.)? How does your work history apply to this role?
  8. The market – What does the job market look like? Is there a surplus of talent or openings? How’s the economy? Are organizations scraping by or living as if we’re in the 80s?
  9. Now, take all these factors, add in a healthy dose of subjective value, equal parts pride and humility, eye of newt, a pinch of turmeric, and voilà! There’s your magic number.

Right, so you see how complicated this is.

Since I can’t give you a magic number, let me just offer some things to consider as you develop your salary requirements.

  • Some people are getting pay increases with new jobs, but many people are making lateral moves or even pay cuts in order to move into stable positions.
  • If you’re on the job market now, don’t expect a big pay increase when you take a new role. If you’re currently at 50k, your salary expectations probably shouldn’t be 70-80. A range of 50-60k or 55-65k would be more realistic.
  • Perhaps it goes without saying, but if you are currently unemployed, you will have less leverage in salary negotiations.
  • If you’ve been in a position without significant raises over the last few years, you shouldn’t feel entitled to a large pay increase in your next role to make up for it. Remember, this is a tough market, and most organizations are tightening their belts.
  • Consider the role and the responsibilities of the job. If you’re applying for a position of less responsibility, there’s a good chance you’ll take a pay cut. If you have clear fundraising or revenue-generating expectations, salary might be higher. For many organizations, the value a new hire will bring to the organization relative to other employees is a major factor in determining salary.

Now, if anyone has thoughts on the love question, I’m all ears.

Talent Tip #26: Show me the Money! (Or I’ll Keep Quoting Overused Movie Lines)

October 18, 2011

Job hunters, huddle up.

I care about you guys. So, it pains me when I see you do things to shoot yourself in the foot. Namely, when you don’t provide salary information when requested in job postings.

Let’s first think about the main reason nonprofits want your salary requirements up front: they need to know whether you’re in the range they have budgeted for the role. It’s just that simple. There’s no evil conspiracy to tell your ex-wife how much you earn now or to nickel and dime potential hires. It’s just dollars and sense, so to speak.

I’ve heard a gazillion excuses from candidates about why they don’t want to provide salary information. Usually, candidates are afraid to undersell or oversell themselves. However, if you’re employing a salary strategy that marries honesty, reality, and your salary history, then you have nothing to fear but fear itself. So let’s put excuse-making aside and get down to the crux of the biscuit.

When candidates fail to provide requested salary information, hiring managers are left to think that the candidates didn’t pay attention to application directions or that they are unable/unwilling to follow instructions. Now hiring managers will either spend time asking you for the same thing twice or eliminate you from the running for submitting an incomplete application. Either way, you’re not doing yourself any favors by avoiding the salary question.

[Side note: clever statements such as, “I will provide salary information after I learn more about the role.” or “My salary requirements are negotiable.” are equally if not more frustrating to employers than avoiding the question altogether. Not only do these responses fall short in providing the necessary information, but they also send signals that the candidate believes he/she is above protocol.]

So, next time you apply for a job that requests salary information — for the love of Jerry Maguire and trite movie lines — show me the money!

Talent Tip #25: Your Resume as Prego: It’s in There

September 13, 2011

I’ve had a string of strange experiences lately that I want to share with all of you — especially those on the job hunt.

I’m working on a job opening which calls for, among other things, a) knowledge of a particular software program, and b) experience with a specific sort of research. Applications have been pouring in like, um, spaghetti sauce (trust me on this one). But I’m shocked and amazed how few folks are including these key qualifications in their resumes and cover letters. Perhaps more surprisingly, when I follow-up with candidates to ask whether they have these bits of experience/knowledge, many of them actually DO; but they just didn’t take the time to mention them! Baffling, isn’t it?

So this whole thing has me thinking about spaghetti sauce, specifically, Prego, and its catchy little tagline: It’s in there.

When applying for a job, your application package ought to embody the slogan. If you’ve got the required experience, make sure it’s mentioned in the resume or cover letter. If it’s not there, how do you expect hiring managers to know you have it?

Many hiring managers don’t have the time or desire to follow-up with candidates and poke and pry in order to determine if they have the necessary qualifications. They will assume a candidate doesn’t have the experience if it’s not included in the application package, and that is only logical.

So do yourself a favor and create an application package that accurately reflects your background and how it relates to the job at hand. You’ll thank me later. And I’ll respond, naturally, Prego.

Talent Tip #23: Why We Lose Talent: (Non-Financial) Incentives Matter

July 19, 2011

As you might imagine, I’m in a position to hear about the motivations people have for changing jobs. Perhaps surprisingly, it’s not just about the Benjamins. In no particular order, here are the most common reasons cited:

  1. Desire for more money
  2. Lack of challenge
  3. Not enough freedom/autonomy
  4. Instability of the organization
  5. Unhealthy organizational culture

We don’t have time to tackle all of those now, but I want to focus on the two that are probably the easiest for organizations to manage: #2 and #3.

Time and time again, I see incredibly talented individuals leave perfectly good jobs because they don’t feel their skills are being fully utilized or they feel micromanaged. So when I saw this incredibly insightful video (thanks to Max Borders of the Free to Choose Network for highlighting it recently), I was struck by Dan Pink’s thoughts about what leads to better performance and happiness in the workplace. It turns out non-financial incentives matter a great deal.

If you’ve got 11 minutes and want to know how to retain your best talent, tune in!

Talent Tip #22: You Can’t Always Get What You Want: Advanced Degrees, Higher Salaries, and Marrying Orthopedic Surgeons

June 14, 2011

As a follow-up to last month’s tip about graduate degrees, I wanted to tackle the topic of how advanced schooling affects salaries in the free-market nonprofit community.

When I inquire about desired salary, here are two common responses I get:

  • “I am currently at 50k, but I’ll be finishing up my master’s degree next month. Therefore, I’d like to earn 70k in my next position.”
  • “I understand the pay range for this role is 50-60k. However, since I have a master’s degree, I’d like to be in the 65-70k range.”

Well, I’d like to marry a dashing orthopedic surgeon with a small ego, a big dog, and a stellar sense of humor, but that’s probably not going to happen, now is it?

The bottom line is that many free-market nonprofits are willing to pay more for advanced degrees, but only if the degree is relevant to the role at hand or if they see added value in the additional education. And if the role doesn’t call for an advanced degree, don’t expect the organization to go above their stated salary range for you just because you have a few extra letters beside your name.

Again, I want to be clear that I’m not trashing graduate degrees in general. Depending on the job/career path, an advanced degree is often quite useful if not absolutely necessary. But what I see too often is folks with more schooling wanting more money despite the fact their degrees are not relevant to the job at hand.

Now, let’s get serious: does anyone know any cute, single orthopedic surgeons for me?

Talent Tip #21: What Do Lady Gaga and a Graduate Degree Have in Common?

May 17, 2011

Both have values that have been overinflated by society.

Oh, I jest. Well, a little. I’m not saying graduate degrees aren’t valuable; they are often quite useful, depending on the career field. But what I see all too often are folks heading back to school without a solid reason for attaining more education.

For those considering graduate school, my advice is to think critically about why you want an advanced degree. Hint: “Because my dad got one.” and “Since the economy is bad, I think I’ll go back to school.” are not good answers.

Ask executives and hiring managers about advanced degrees for your career path. Find out if they are necessary and how having one might help (or hinder!) your career options. Finally, do some homework on whether advanced degrees actually pay off.

Now’s a good time for me to come clean and admit I have a graduate degree that serves arguably no purpose other than allowing me to cheer for one more college team during March Madness. So, much of this is advice I wish I had heard a few years ago.

Next month I’ll tackle the issue of graduate degrees and how they play into determining salaries.

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About Us

Claire Kittle Dixon
Executive Director

Claire runs the day-to-day operations of Talent Market, manages searches for clients, and oversees the organization’s fundraising communications, technology, administration, and cat-herding efforts…
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Katy Gambella
Director of Outreach

Katy oversees Talent Market’s outreach to young professionals and manages the outreach team. She also manages searches and executes outreach directly herself…
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Stephanie Keaveney
Senior Manager of Outreach
Stephanie splits her time between managing talent searches for free-market nonprofits, maintaing Talent Market’s social media presence, and engaging in outreach to young professionals interested in liberty-oriented careers…
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Bailey Drouant
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Bailey assists free-market nonprofits with their hiring needs by helping them manage the search process from start to finish…
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Savannah Rupp
Project Manager
Savannah channels her expertise to manage searches for free-market nonprofits, ensuring they find the perfect match to drive their missions forward. She also supports Talent Market’s…
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Talent Market is a nonprofit. We’ll wait here while that sinks in. We know it’s a crazy concept, but it’s been working like a charm since 2009.

Talent Market’s mission is to promote liberty by providing talent for critical roles within the free-market nonprofit sector.

We provide consulting and recruiting services at no cost to 501(c)3 nonprofit organizations that clearly and directly focus on advancing the principles of economic freedom, free enterprise, free trade, free speech, property rights, rule of law, and limited regulation. (We do not work with political organizations, organizations with mission statements that do not clearly advance free-market principles, organizations that focus on social issues, or organizations that have a focus outside of the United States. We are not a job board. ) 

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