How To Maximise Your Earnings In A Competitive Job Market

While many job seekers fear that a crowded employment market means that they will have to compromise their salary expectations, there are still a number of ways you can realise your earning potential, even at a time when competition for jobs is fierce. At Kennedy Pearce we believe that you should always strive to attain your worth, while being flexible enough to adapt to the conditions in the current market. Here’s how:

Market your unique set of skills

As the UK is still in the midst of a double-dip recession, employers may be reluctant to offer salaries at the same levels enjoyed before the start of the financial crisis. Despite this fact, recent research conducted by the Centre for Economics and Business Research (CEBR) has forecasted that real incomes are set to grow in 2013.

To maximise your chances of securing a salary that fully reflects your skills and experience, you will need to demonstrate how your personality and career history fit with a company’s work culture and ethos. This can be achieved through the personal statement attached to your application and by ensuring that you have prepared detailed answers to questions even before you have reached the interview stage.

Factor company benefits into your salary negotiations

Even if the role you are applying for isn’t at a similar level to your previous position, this shouldn’t deter your from the role if it’s a fit in every other area. Private healthcare, holiday allowance, flexi working or home working are just some of the benefits that can help to make the role you are applying for a more attractive prospect.

If the company has a bonus or commissions structure this could also help to boost your annual salary. The role should also include a periodical wage review, so that you can see your earnings grow after a year or less. A promotion could also help to increase your salary levels, and enquiring about opportunities for career progression at your interview is common place.

Widen your definition of ‘earnings’

If you are offered a new role on similar salary scale to your previous company, taking a sideways career move shouldn’t always be viewed as a negative. As an example, if you move to a smaller or start-up company you may be given more responsibility, meaning that you are able to fast-track to the next rung of the career ladder in your next position. Your new company may also work in markets that you haven’t had previous experience of, giving you the opportunity to add more strings to your bow and continue your career progression.

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