Why do companies and recruiters want to know what I’ve paid in the past? | Jobsearchtv.com
Jeff Altman, Big Game Hunter
https://www.youtube.com/watch?v=1H46W_BR6AK
I like to spend a few minutes talking to you about some job search elements because I don’t think hunting has to be tough, tough, painful or take a long time.
It’s just that the skills required to find a job are different from the skills required to get the job done. So when I was doing this show, I was just trying to solve something that could help you perform at a higher level and understand how the system works. So someone wrote to me and asked: Why do companies and recruiters want to know what I’ve paid in the past? Very effective question.
From you, there is a reason. There is a reason. The first is that they want to associate your current salary with people within the organization to understand how you match.
I just want to randomly select numbers. So, let’s say you make $100,000, which is equivalent to $75,000 with someone inside the organization. They can’t interview you.
Another reason they do this is that they want to see if you are within their price, whether you are within the budget for the job they interview for you. Similarly, for example, you made $150,000. Their job is $130,000.
They know you won’t be reducing your salary by $20,000 and are not ready to pay more. Why do they continue or even have conversations? This makes no sense. Now, we also want to look at what is happening within your budget.
This job is $140,000 and you are earning $125,000. Usually, a business has a theorem or formula within its company because the percentage it provides increases. So I just want you to know that these are the goals.
Some companies have exceeded these goals. Therefore, do not consider it as being cast by stone. But, let’s say you earn $125,000.
The position is $140,000. Their ideal speed is a 5% increase in salary. So, I want to do a quick math.
Suppose they will propose to raise $7,500 at 5%. So they can give you $132,500 or $135,000 so you are within the budget of your job. They saved $5,000.
HR looks like a hero, you want to increase as much as you want, and they save $5,000 for the money they prepare to pay. Note that companies do not often disclose what the salary range is. The reason is, if you make $90,000 they are ready to pay $130,000 and they give you $110,000, which is a good growth, right? This is a good growth.
$20,000 added, but you ask yourself, hey, why didn’t I get $130,000? It’s hard for them to end their hiring and complete the deal. Therefore, companies are trying to use the data you provide to manage your work, manage your expectations and save some time. There is no kindness.
This is all the part of an organization’s operation to try to bring you into the least amount of money. And save a few dollars instead of providing you with the amount of money you can prepare to pay as much as you can. Hope you’ve helped this.
If you are interested in my coach, please contact me. The easiest way is to visit my website, thebiggamehunter.us. At the top of the page, find the tags related to the coach. I do all kinds of different forms.
So I can guide you throughout the search. We can work as we please. And I do have packages that can be ordered that will allow you to pay less per hour.
Alternatively, you could hire me to criticize your resume and/or LinkedIn profile to prepare for the interview, help you with salary negotiations, just purchase time because you want my advice. You can help me seek help. So I hope you help with that and hope you come and I will coach.
So, that’s today’s performance. Hope you find it helpful. I’ll be back soon.
At the same time, I wish you a wonderful day. careful.
Companies are recruiters who want to know how much you pay for several reasons, and few people will benefit you.
Tough interview questions: Evaluate your abilities at a scale of 1-10
About Jeff Altman, Big Game Hunter
Large Hunter Jeff Altman is a coach who has served as a recruiter for a hundred years. His job involves career coaching, as well as executive job search coaching, job coaching and interview coaching. He is the producer and former host of “Base-free Broadcasting Station”, the first podcast in iTunes for more than 3,000 episodes of work search.
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https://www.youtube.com/watch?v=kebay3evcpu
