Is it worth applying to a role to see if they will raise the salary?
Every Monday I cruise Elpha.com for the latest career topics and to provide coaching/advice where I can. Don't know Elpha? It's an online community dedicated to helping women succeed at work. I encourage you to check it out.
When I saw the following post and the advice the question-asker was given, I knew I had to pass it onto you.
"As more states are now requiring job postings to include salary range information -- which is great! -- I'm wondering how much, if any, flexibility there is in those ranges or if the top end really is the top end.
I was laid off at the end of last year and I've come across a job posting that is a perfect fit for me, I've even had several people from my network send it to me out of the blue. However, the top end of the salary range listed in the posting is 25K less than my most recent role.
Is it worth applying to the role and trying to see if they can get the comp up? Or is a number that significant likely to just be a waste of time, both on my end and theirs?
I literally whisper-yelled “YES!" when I saw this piece of advice. If they can't increase salary / benefits - negotiate a reduced work week. And make sure colleagues know the days / times you work and work that number of days! #boundaries
“First, you have to know your true min.” You really do. Your true min is a mix of: what your financial situation can allow for, how much you're energized / excited by the work, what your resentment zone number is, and what your enough number is. Do not even try to negotiate without knowing what this minimum number is.
When it comes to location-based salaries, as the author brings up, this compensation approach comes with mix reviews. Read more about it here.
“…the top of the range posted in job descriptions is often actually the middle of the range, or somewhere between the middle and top of the range.” YUP! It doesn’t make sense for a company to offer you the top of the range at the very beginning. Unless that is part of their compensation philosophy, which we’ll cover next.
I'm so happy this person used the phrase “salary comp philosophy.” Every company has one, even if it's not clearly articulated (it really needs to be!).
A compensation philosophy is the “why” behind employees' pay and benefits/rewards (total comp). Companies that care about their employees will clearly document and share this openly. They will also advertise it (likely a portion of it) in their recruiting copy.
If you can't find this philosophy anywhere - ask. And yes, it's okay to ask about this during a job interview. We work for pay. We need to know what factors into that number!
A few salary negotiation resources for you:
How To Ask For More Money As You Negotiate Your Salary (post)
The Elpha Salary Database: See thousands of real salaries from women in tech and beyond. Add your salary, to create more salary transparency and more equitable pay for women at work.
AAUW’s Work Smart Salary Negotiation Workshop (free): Created for working women, Work Smart is an interactive workshop that teaches you to evaluate, negotiate, and articulate your worth confidently in the job market.
The Leaders for Equity and Equal Pay Toolkit (out of Vermont) is a great resource for employers with <400 employees who need some support when it comes to pay equity. It also includes an interactive comp philosophy worksheet.
Looking for individual support? Book a salary negotiation coaching session with me. In 75 minutes, we’ll be able to walk through your specific situation, come up with a negotiation strategy you feel good about, and practice your approach.