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So I have salary data for use in negotiations, but how do I come up with a number?
I'm putting the cart before the horse here but feedback is so very welcomed.
The position is managerial. The U.S. Bureau of Labor Statistics has stats for the field in general but not managers in that field. So, for example, say the field is nursing (hypothetical). I've got data for my metropolitan area for nurses, but not nurses who are managers, though I expect nurse managers are included in the general nurse category for these data. I am only 3 years out from completing my masters and have only 3 years experience as a nurse.
The 10th percentile for nurses in my area is my current salary (ah, the joys of state employment!). The 25th percentile is 20% above current pay, median is 47% above current, 75th percentile is 78% above, and 90th percentile is 106%.
I'm thinking with my experience I should be happy with and expect at least median pay for nurses in general. Is that too much or am I shortchanging myself? If I am offered this position, negotiating will be a whole new experience for me. I am used to rigid pay grades.
Thanks!
Re: So I have salary data for use in negotiations, but how do I come up with a number?
You would need to understand much more about the information in the data to actually use it to draw a conclusion. Are nurses who have been nurses for 20 years in that category? If so, why would 3 years experience get you to the median? should the bottom 50% of the nurses in your area only include people with less than 3 years experience?
Other questions to consider: If some are managers, are they managing large staffs? Are public and private organizations included? Are there different specialties included?
Ultimately, while you can use salary data like this as a data point, that's all it is. Don't expect anyone else cares how you've interpreted it. They're not required to interpret it the same way.
agree...I work in the Compensation Dept of a Healthcare System. We would expect most employees to have 5+ years of experience to get to the Median sometimes more for mgmt positions.
We try to have our Nurse Mgrs make approx 6-8% over the front line RNs. Lots of variables go into the pay structures of a healthcare org.
Union vs. Non-union
Supply and Demand in your area
How many levels of mgmt
What the actual job requires for education & experience
What the actual Mgr duties are....we have approx 40 different RN Mgr positions and they do not all get paid the same