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James Reed

πŸ‘€ Speaker
See mentions of this person in podcasts
1511 total appearances
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Podcast Appearances

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

How can an applicant or candidate know that they're getting a fair deal?

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

So you're looking for more people.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

These skills are in short supply.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

Yeah, so larger companies often have pay layers, don't they?

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

That people need to fit into, which can make negotiation a little less flexible.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

That's correct.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

But you're saying smaller ones, you can often get a better deal.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

So the market you're working in, financial services, you've just described is what I would call a seller's market.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

The people applying for jobs in that market have got quite a lot of negotiating power.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

Do you find that you're in the intermediary in conversations when the employer's saying, I'm offering X, but the candidate's saying, I want Y quite a lot?

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

And how do you achieve an outcome where both are happy?

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

Yeah, often the best candidates are not good at interviews because they haven't had a lot of practice because they've been doing a great job somewhere else.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

Whereas someone who's done lots of interviews might be better at doing it.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

So you have to gauge.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

So this combination of capability and experience is what you're looking for.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

And that's key, as you say, and that's what a...

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

an individual needs to evaluate.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

Do you find that, you know, employers are often low-balling salaries because they haven't been in the market for a while or they're not aware that this is an area where there's a lot of competition now for people and you have to talk them up somewhat?

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

You might be talking some applicants down a little, but you have to talk the employer up to explain, you know, you're not going to get anyone at that if you advertise a job at that level.

James Reed: all about business
75. How to calculate what your worth in the job market | Leanne Appleton

I mean one of the most common mistakes that candidates make when assessing their salary expectations