Sustainable HR Episode 2: What is the right salary?

Featured, Recruitment Experience

Last May 8, 2021. Sustainable HR live-streamed an episode discussing the trending topic of the fresh graduate who recently rejected a 37K starting salary. The Twitter topic sparked a massive debate among professionals and students alike, about what is the best and fairest salary for every worker.

What an employee deserves in return for his/her work is very much a case-to-case basis. Thus, Danica Octa (CEO of Metamorphosis Group), IT professional Ricson Singson Que, and Reinnite Madrid, a business development expert, decided to give their own opinions on the matter.
They first discussed the topic of fair compensation for fresh graduates. What is fair depends on many factors:

  1. the skills a fresh graduate is expected to provide
  2. the time you applied (e.g. it is the pandemic so salaries are generally lower)
  3. the industry (some industries pay lower than others)
  4. your priorities
  5. budget of the company

Another question tackled in the episode was whether or not it is greedy for you to ask more than what the job offers. Very often, it comes down to how you ask for more. How do you back up your arguments, and how do you demand while still being respectful? While getting more than the salary offered is a bonus for every employee, focusing on that all the time may lead to a political workplace full of comparison and competition between its people.
Also, are you able to justify your higher income with the corresponding actions and performance? If you keep demanding without giving back, the company will be short-changed.

Also, are you able to justify your higher income with the corresponding actions and performance? If you keep demanding without giving back, the company will be short-changed.

Lastly and most importantly, how do you measure the best salary for yourself? There is a checklist of standards where you judge the most ideal income against.

  1. consider the budget of the company and your budget
  2. Check the market conditions – social, political, economic factors affect the value of the talent you are offering. It is volatile just like stocks.
  3. Know what you can contribute to the company in 3 areas – These 3 areas are specifically: increasing revenues significantly, reducing company cost, and increasing stakeholder value

If you are interested in knowing more about the this trending topic, watch here for more insights.