What Are You Worth?

Money bag with dollar sign green piggy bank and chalkboard showing upward trending net worth graph

There appears to be a rise of more and more candidates underselling themselves – be it due to desperation or not knowing their market worth.

Why is this happening? Why do some candidates undervalue and underprice their worth? Are interviewers bulldozing candidates into accepting less? Are more people new to the job market after a number of years in one role, therefore, unfamiliar with the ‘lay of the land’? Is this the first time some people haven’t been headhunted for a job?

It is important that candidates do not go directly to employers and undersell themselves. There have been cases where highly qualified senior role candidates have asked for far less than what they are worth, having been given misguided advice during their job search. With our guidance, candidates can secure roles with salaries commensurate with their experience.

At Elite Executive, we know what the market rate is, whether it be city based or not. A lot of factors are taken into consideration when a salary is offered. Is it a remote location? Are housing prices cheaper? Is the standard of living better? Are there large or small businesses predominately in the region to impact the market rate of any particular skillset?

Using these facts, along with our experience in placing people throughout Australia, we are then able to give both clients and candidates a realistic expectation when it comes to their true market value.

Hiring companies should feel that they have an employee that will add value to the business, but it is also important to place a candidate who feels valued and is remunerated at the market rate (at least).

Are you unsure as to what you should be paid or what you should be paying your employees? Take a look at our salary guide or get in touch with us for in-depth advice and guidance.

Request a copy of the 2024 Salary Guide