A salary for a given position can be determined easily and conveniently using a Net Salary Calculator UK or there is another simple way to determine the same. When you are taking up a job that you have not taken up before and have to give an approximate figure for your income anticipated which should also seem reasonable, it becomes a chore. You do not want to put a number which appears unusual or you looking like a greedy person either. There are many people wondering so at the time or before the interview.
Though the salary for a given position varies from one company to another and is subjective to your experience, industry of work and other factors, one will find no particular guidelines for its calculation as such. Net Salary Calculator Uk or a career expert can run certain factors active based on the current market and figure out the approximate income a person can make keeping this simple equation in mind.
Below is the easy way to assess your ask based on a simple equation:
1- Sum up the monthly expenses
Total all your monthly costs by keeping together your monthly bank or expense statements from about 90 days before. This will aid to figure out the approximate amount spent on all your basic bills like electricity, water and other bills and regular expenses of gas, groceries, parking and so on. Tally the amount for last 3 months.This will let you analyse the pattern of expense per month. Include expense for a birthday and weddings as well.
2- Double the expense
Count in your savings to pursue your dreams like purchasing a new car by next year or setting up a business or anything else. Apart from that, you will need back up for emergency fund by saving rent or anything where couple of bucks can be saved in. Keep some amount for fun such as dinners out, vacations, drinks and so on.
3-Plus 20 percent
A 20 percent addition helps in 2 primary things:
- It enables you to request for a lot more than your comfort zone, taking into consideration a fact that you need not feel a discomfort which is illogical and bring yourself down.
- It offers a buffer zone to you for the counter offer the employer is likely to put. There are odds of lowering down the number during the ask, this added percentage will get the number you asked for. This way, eventually the figure of income may come shooting down to the requisite amount.
Salary equation hence comes down to:
Your preferred salary figure = 2 times Average Monthly Expenses+20 percent of Average Monthly Expenses
Negotiate with “The GIMME”
G: Give information about your background
I: Introduce about your speciality
M: Make a research
M: Make the Ask
E: End like a pro
By doing salary research through Net Salary Calculator UK and keeping yourself ready with the income figure anticipated, there is a confidence within you as you are sure of what you deserve.