A report is all well and good but can it be put to a practical use? Can it be applied to your job search in a practical way? Absolutely … and here’s how!
The primary goals of the Berlin Startup Salary Report are to provide transparency in the startup scene, to encourage companies to be fair to all employees, and to give job seekers real information that they can use to back up their salary negotiations.
We believe that clear, concrete information is one of the best tools we can give a job seeker, and someone who is completely aware of what’s happening in their industry or field is better equipped to make intelligent decisions about their future.
But how exactly can people use this report? How can this benefit the average job seeker who wants to find a good job and get paid accordingly?
Research is crucial to the job search process. A savvy job seeker can use a report like ours to figure out exactly how the professional land lies, and to learn about the perks and pitfalls that might be ahead of them. Knowing the current status of your industry, city, or area of work helps job seekers to know how to best position themselves when it actually comes to applying to and interviewing for jobs.
Good research gives people ways to explore new potentials and to find companies that they feel align with their professional goals. Job seekers can use reports to keep up-to-date on their industries, and to make informed professional decisions about which positions they should consider.
Benchmarking and Comparison
A key part of that research process is knowing where you stand in the market, and how your strengths and weaknesses play for or against you.
How do you compare to your peers?
What are your peers earning? What skills are they bringing to the table? What do you need to know in order to have the edge on the competition? If you have no idea about any of these things, you could end up a bit at sea when it comes to assessing whether a job is worth your while or not. By using reports, people can keep on top of what the industry standards are and can use the info to understand the potential of their chosen field, and where they stand in it.
How do different cities compare to each other?
Digital work has made global citizens of us all, and our ability to relocate for work that excites us broadens the professional prospects of our generation significantly. However, it can be hard to know what’s a good deal in a new city if you aren’t already familiar with the scene on the ground. Salary stats can help you assess locations based on earning potential versus the cost of living, and whether this might be a good choice for you depending on the kind of lifestyle you’re looking for.
How do companies compare to each other?
Different companies will of course vary greatly in terms of the salaries they pay employees, and the kind of atmosphere their employees experience every day. Knowing what you’re likely to be able to earn from a certain company will help you to make good decisions about a potential job offer. For example, our report tells you what people stand to earn depending on their own experience and education level and on the age of the company in question. On top of that, people should research a company’s internal culture, perks and benefits to see if it really is the place for you.
When you’re applying for a job, it can be hard to know what you can ask for in terms of remuneration. Salary talks are tricky, and for those who aren’t hard-nosed negotiators by nature, accepting less becomes the easier option.
That’s where it helps to have hard facts. If you know the median salary for the kind of work you do, with the amount of experience you have is a certain number, you can use that as a base figure to work up from. Knowing what other people are paid generally, gives you the advantage so that a potential employer can’t lowball you.
Also, if you can see where the disparities are in your industry, you can address them in your own salary negotiations so that you can redress the balance, at least in your own case. There’s absolutely no reason that you should accept less than someone else for the same work! If more people who are traditionally underpaid fight for salaries equal to their abilities, it makes it easier for everyone else who is fighting the same battle. We all need to be part of the rising tide that will lift all boats.
Generally, being well-informed is key to a successful job hunt. It gives you the confidence to dig your heels in when it matters, and public information puts pressures on companies and governments to fight for fair remuneration for everyone. A report like ours just scratches the surface, but we are thrilled to add at least a little to a growing trend of transparency that will support future job hunts, and hopefully help more people to find fulfilling work.
Image cc: WOCinTech (Microsoft)