Determining market value

futurehendrix

This might be a dumb question but how do you guys determine your market value following your first entry level job?

Ashenwelt

1. Time in the field
2. Quantity and quality of that experience
3. Comparable value of skillset (certs help justify this)
4. Market

That is about the most basic breakdown. Robert Half always has a book to do some calculations as well for market value.

JoJoCal19

Ashenwelt stated basically what I would have. To add, the easy way is to do targeted job searches for positions hiring someone with your profile, in your market, and create a range and also an average of the salaries being offered. Obviously you can feel you're worth more than the going rate, but ultimately your value is what the market will bear.

Node Man

IMO - market value isnt a great gauge. I maintain a list of desirable employers and then study them, including expected salaries. There are valid reasons why company #1 pays $100k and company #2 pays $80k, and non-profit #1 pays $60k.

Squished

Node Man wrote: »

IMO - market value isnt a great gauge. I maintain a list of desirable employers and then study them, including expected salaries. There are valid reasons why company #1 pays $100k and company #2 pays $80k, and non-profit #1 pays $60k.

If company 1 pays $100k and company 2 pays $80k, then nonprofit 1 definitely does not pay 60k, more like 42k. Typically less than half market salary I've found.