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Q. I'm happy with my current job, but out of the blue I received an "opportunity of a lifetime" for a new job.
What percentage salary increase should I expect in taking the new job? In other words, once all other points are negotiated, what percentage increase should I expect in salary alone? Ten percent, 15, 20? Is there a norm for folks changing jobs?
A. Your level of satisfaction with your current employment does not really dictate your worth in the marketplace. As always, go to the Salary Wizard to find out how much your job is currently worth or get a Personal Salary Report to fine-tune the data and calculate the value of your skills and experience. If these sources say your job, or the job you are being offered, is 50 percent above what you are making, then that's what you should ask for.
There is really no rule of thumb when expecting an increase from your new employer; ultimately you want your pay to be competitive with the marketplace. So if that means demanding a 50 percent increase to your current base salary, then go for it.
- Erisa Ojimba, Certified Compensation Professional
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