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SAJJAD PARMAR on How To Measure Your Market Worth
Manage episode 413490494 series 3235180
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SAJJAD PARMAR is the Global CEO & Founder of THE TALENT ACCELERATOR.
When it comes to conversations about Total Rewards i.e. salaries, benefits, rewards & compensation in general, Sajjad is 'the man'.
Let's hear his POV on the essential points every professional needs to know on this topic.
- Bio & Career background of Sajjad
- An Employer vs An Employee Market
- What is & the signs of an Employer's Market?
- What is & the signs of an Employee's Market?
- What is a Specialised or Skills Based Economy?
- Build real deep expertise to increase your market worth
- The 70:20:10 Learning Model
- Diversified Experiences can increases your market worth
- How to balance the push vs pull factors of your career
- The 2 main factors in the financial valuation of key talent.
- Being transparent during interviews increases your value
- What does a career counsellor do?
- Have a habit of researching the company prior to interviews
- 7 Ways to navigate the Salary Landscape
- 5 Tips when negotiating salary
- Employer's perspectives on compensation
- 3 Key Takeaways from Sajjad's sharing
Audience Questions:
- "Will asking for a lower salary downplay oneself?"
- "Will your contract salary be taken into account when negotiating for a full time role?"
- What does the Pay Transparency legislation in the USA mean for employers vs wage earners.
- Do employers peg the new hire's salary to market even if the last drawn falls below the market average?
- Are employees who have been laid off at a disadvantage when negotiating salaries?
- How does anyone who is out of the market for 20 years determine one's market value?
- Can the candidate provide the CPF contribution in place of the past 3 months' salary slips?
- How early or late in the interview process should anyone answer the salary question on the last drawn amount, when asked by the employer?
- What are the reliable sources for salary reports?
- How should anyone negotiate salary when the previous contract salaries had fluctuations?
- How much pay increase should anyone request in the next role?
- What is considered a competitive rate to negotiate?
- What is the average salary increment % to expect for FMCG?
- Is it appropriate to re-negotiate eventhough a verbal acceptance of the job offer has been given to the employer?
- If asked, is it wise to state your salary expectations that is above the salary range stated by the employer?
- Parting advice from Sajjad
Thank you Sajjad for your succint answers and precious tips to help professionals navigate the salary conversations!
We look forward to having you back on the latest trends and more tips :)
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To download Sajjad's slides, head over to https://link.artofcareer.com/SajjadParmar
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To download Sajjad's deck, click https://link.artofcareer.com/SajjadParmar
To listen to a podcast version, click: https://listen.artofcareer.com
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