You don’t want to waste your time or the time of the hiring authorities, if their company is not going to pay you what you’re worth. You need to understand how employers set their salary levels and then adjust your job search.
If a higher salary is not within a company’s budget, they are not in a position to offer you more money. Companies normally don’t bring in a new employee who had a higher level than the person leaving the job, unless they are enhancing the level of responsibilities.
It is wise to understand:
- Average compensation being paid by similar companies in their industry
- Average pay for someone with your experience
- How strong your credentials and experience match the criteria of the position
Conducting this research will stop you from wasting time pursuing companies that can’t provide the compensation you require.