From the course: Negotiating Your Job Offer and Salary

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Conducting market rate research for your salary number

Conducting market rate research for your salary number

From the course: Negotiating Your Job Offer and Salary

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Conducting market rate research for your salary number

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- Great job discovering your top three values. It is now time to discover what the market rate for your role is. Now, every company has different pay philosophies. Startups and nonprofits are known to lag the market rates. And while the majority of companies will meet the market rates, big tech companies are known to lead. Now, as a savvy negotiator, it's crucial that you conduct market rate research so you have an idea of the expected compensation based on your title, your location, and your industry. While you don't want to share this number first, you do want to go into the interview with a range in mind. So here are my strategies for you to find market rates. Try using all of these to compile as many data points. The more data points you collect, the better you'll be able to determine your target market rate. Let's begin. So the strategies break down into two categories, research and conversation. Let's explore each starting with research. Now for the illustration purposes, let's…

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