In the world of job searching, interviews, presentations, and assessments one thing that will always stick out first and foremost before all of this is the salary bracket that is being offered by the employer. Over the years I have seen and heard of many experienced and wonderful professionals lowering their salary expectations under the circumstances they feel they have no other choice.
This is one thing we absolutely hate seeing especially when we know the market and are able to tell you whether you are lowballing yourself and it happens far too often.
Throughout my career in recruitment whether that has been healthcare, scientific or life sciences I have always pushed for the best salary for the candidate I represent. Why? Salary Is always an important factor. You aren’t going to work for free now… are you? Of course NOT.
As a Talent Manager, it is my responsibility to fight for what you want and to also make it easier on your behalf. If you are in the position of lowballing your expectations, you are giving the employer the chance to offer the bare minimum.
We don’t recommend lowballing your expectations for a potential employer and here are a few reasons why:
1. Undermining Your Value
By lowballing your salary expectations, you may inadvertently undervalue your skills, qualifications, and experience. This can lead the employer to question your confidence in your abilities and may affect your perceived worth to the company.
2. Negotiation Limitations
If you start with a very low salary expectation, you limit your ability to negotiate for a fair and competitive compensation package. The employer may assume that you are willing to accept less than what is typical for the position, making it difficult to secure a higher offer.
3. Inequitable Compensation
Lowballing your salary can contribute to wage disparities within the company. You might find yourself earning less than colleagues with similar roles and responsibilities, causing dissatisfaction and potential morale issues.
4. Market Value Recognition
Salary expectations should reflect your understanding of the market value for your skills and experience. Lowballing your expectations can signal to the employer that you are not in touch with industry standards, which can affect their perception of your professionalism.
5. Diminished Job Satisfaction
Accepting a lower salary than you believe you deserve can lead to job dissatisfaction, making it more likely that you'll continue job searching or be less motivated and engaged in your work.
It's crucial to avoid undervaluing yourself during salary negotiations or any kind of discussions. The five points mentioned above are just some of the many reasons why you should never lowball yourself. Hopefully, these points have given you a realistic perspective on what not to do.
Remember to always act in your best interest.
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