How do I get compensation information?

How do I ask for compensation information?

If you’re asking about salary, use the word “compensation” rather than “money and ask for a range rather than a specific number. Likewise, if you want to find out about work-life balance, it may be more useful to approach the topic in terms of “office culture.”

How do I determine my compensation?

Determine an appropriate salary structure.

  1. Determine the difference between each salary step.
  2. Determine a minimum and a maximum percent spread.
  3. Slot the remaining jobs.
  4. Review job descriptions.
  5. Verify the purpose, necessity, or other reasons for maintaining a position.

How do you provide compensation history?

What’s the best way to provide your salary history? You can list your salary history in your cover letter without itemizing. For example, you could say, “I am currently earning in the mid-fifties.” That gives you some flexibility when it comes to discussing compensation if you get a job offer.

Is it legal to ask for compensation history?

California: Under California’s salary history ban, employers are prohibited from seeking an applicant’s salary information or relying on it to determine whether to offer employment or what salary to offer an applicant. …

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Can you lie about current salary?

Just because it’s a ‘done thing’ though, doesn’t mean it’s right. Lying about your salary in order to achieve more money from a new employer can backfire.

What are the four types of compensation?

The Four Major Types of Direct Compensation: Hourly, Salary, Commission, Bonuses. When asking about compensation, most people want to know about direct compensation, particularly base pay and variable pay.

What is compensation based on?

Compensation is the combination of salaries, wages and benefits that employees receive in exchange for them doing a particular job. It can include an annual salary or hourly wages combined with bonus payments, benefits, and incentives.

Is compensation the same as salary?

Annual compensation, in the simplest terms, is the combination of your base salary and the value of any financial benefits your employer provides. Annual salary is the amount of money your employer pays you over the course of a year in exchange for the work you perform.

Do I have to reveal my current salary?

California’s ban prohibits private and public employers from seeking a candidate’s pay history. … The law also requires employers to give applicants pay scale information if they request it.

Can my future employer find out my salary?

The California law, unlike other laws, will also require employers, upon reasonable request, to provide the pay range for the applied-for position. … If the applicant gives this information, employers can weigh or rely on the information when determining compensation.

How do you answer expected salary?

Consider giving a salary range, not a number

If a job post asks applicants to state their expected salary when applying for the position, then give a range — not a specific figure — you’re comfortable with. Answers like “Negotiable” might work, but they can also make you look evasive.

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