In down economic times, companies seem to have carte blanche to limit salaries and make low-ball offers. But that shouldn't be the case.
Below are the top salary secrets your employer doesn't want you to know. With this information in hand, you'll be in a better position to get the pay you deserve.
Employers don't always offer a fair salary.
Some employers think they're being fair, but they're not up-to-date with the latest salary information. Others may try to pay less than the market value because they're financially strapped. That's why it's important that you know exactly how much money you should be making. A free salary report can help you calculate how much you should be earning in any job.
You can negotiate your salary in a tight job market.
In a recession, many people would rather take a pay cut than lose their jobs. Raises are hard to come by and new hires may feel they have less negotiating power. But that doesn't mean it's impossible to bump up your salary; it's just a little more challenging.
According to a recent survey from the Society for Human Resource Management, 80 percent of HR professionals say employers are willing to negotiate salaries. So, if you're looking for a raise at your current job, come armed with your marketplace worth and make your case. And, if you've been offered a job that pays less than you like, don't be afraid to name your realistic asking price. Keep in mind that, if you got the offer, you're clearly the best candidate for the job -- even in this highly competitive job market.
