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Researching salary ranges


From:

Managing Your Career

with Valerie Sutton

Video: Researching salary ranges

Money is important when making a career decision. Earlier I asked you to think about your minimum salary and your ideal salary. But will the industry or role pay these amounts? You'll need to do some research to find out. I'm going to suggest some resources that should help you identify a realistic salary range for particular roles and industries. The first resource is the BLS. Their web site allows you to search by industry and job position, and is one of the most reliable sources of job data. However, the BLS is based on the U.S, market.
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Watch the Online Video Course Managing Your Career
41m 14s Appropriate for all Jun 29, 2012

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What do you enjoy doing, and how are you uniquely qualified to build a rewarding career out of your interests, skills, and experience? In this course, author Valerie Sutton guides you through the process of proactively managing your career by identifying your options, needs, and interests.

Discover how to assess your experience, work-reward values, and qualifications, all with the goal of creating a robust career profile that charts your future growth. The course also shows how to fully investigate career options and perform a gap analysis in order to find key opportunities.

Topics include:
  • Identifying your skills, knowledge, and qualifications
  • Considering lifestyle choices
  • Completing a career profile
  • Researching possible roles
  • Exploring different industries
  • Researching salary ranges
  • Performing a gap analysis
Subject:
Business
Author:
Valerie Sutton

Researching salary ranges

Money is important when making a career decision. Earlier I asked you to think about your minimum salary and your ideal salary. But will the industry or role pay these amounts? You'll need to do some research to find out. I'm going to suggest some resources that should help you identify a realistic salary range for particular roles and industries. The first resource is the BLS. Their web site allows you to search by industry and job position, and is one of the most reliable sources of job data. However, the BLS is based on the U.S, market.

So if you're looking outside of the U.S., then you may need to rely more on your country standards. Second, professional organizations are good source to benchmark salaries. These organizations often publish salary surveys of members on their web sites. If you don't know an association in your area of expertise, Weddles.com is a great place to find your professional organization. Third, I recommend to you use a salary comparison web site. Some of the more popular sites include PayScale.com, Salary.com, and glassdoor.com.

These web sites are often better for confirming the research that you've already completed, rather than as a starting point. Write down the estimated salary range in your career development guide. You'll want to compare this with the minimum and the ideal salaries you listed earlier to determine if these industries and roles meet your needs.

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