Post by aidan on Jan 22, 2024 14:47:49 GMT
Dear all, good day!
I am mindful, there have been a lot of threads and discussions about salary grades/expected increases, but after having read many of these, I am still confused.
I do appreciate it every situation is different, but I wanted to ask about the "40% + 20%" generic rule of thumb that is being mentioned quite often.
Should this be applied to a GROSS base salary, or NET base salary?
I am at a point of my recruitment process where I need to submit my salary expectations and neither I want to shoot too high, nor too low - I would like to be in the range of what is possible/fair.
E.g. - I am a UK employee with current GROSS base of 100.000 GBP/year.
Should I therefore quote my expectation as 170.000 GPB/year (100K x 1.4 x 1.2)?
Or I need to drop my current 100K to NET first (i.e. tax deduction), and only then apply the 40+20 rule?
I sincerely appreciate your advice. Many thanks in advance!
I am mindful, there have been a lot of threads and discussions about salary grades/expected increases, but after having read many of these, I am still confused.
I do appreciate it every situation is different, but I wanted to ask about the "40% + 20%" generic rule of thumb that is being mentioned quite often.
Should this be applied to a GROSS base salary, or NET base salary?
I am at a point of my recruitment process where I need to submit my salary expectations and neither I want to shoot too high, nor too low - I would like to be in the range of what is possible/fair.
E.g. - I am a UK employee with current GROSS base of 100.000 GBP/year.
Should I therefore quote my expectation as 170.000 GPB/year (100K x 1.4 x 1.2)?
Or I need to drop my current 100K to NET first (i.e. tax deduction), and only then apply the 40+20 rule?
I sincerely appreciate your advice. Many thanks in advance!
