Conrad salary negotiations and networking
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This document discusses salary levels and negotiations in Europe. It provides data showing salary increases and decreases in various European cities compared to London. It then outlines three ways to increase salary: improving performance for bonuses, taking on more responsibility for higher base pay, and building a network for better job opportunities. The document also discusses how to create an environment where professional opportunities arise coincidentally by building competence, trust, and networks.
Conrad salary negotiations and networking
- 1. Salary Negotiations & Networking
- 2. www.pedersenandpartners.com Gross Salary Levels in Europe in 2016 London Zurich Munich Paris Vienna Ljubljana Warsaw Prague Budapest Bucharest Zagreb Bratislava Belgrade Sofia + 80 to 100 % + 80 to 100 % + 70 to 80 % + 50 to 60 % + 40 to 50 % + 20 to 30 % + 20 to 30 % + 10 to 20 % + 0 to 10 % - 10 to 20 % - 20 to 30 % - 30 to 40 % - 30 to 40 %
- 3. www.pedersenandpartners.com Three Ways Lead to a Higher Salary 1. Deliver better performance Short term -> increase bonus 2. Take on more responsibility Mid term -> increase base salary 3. Build and develop your network Long term -> get a better job
- 4. www.pedersenandpartners.com Create an Environment for Coincidence ￭ How to create an inviting environment for coincidence: 1. Build competence 2. Build trust 3. Build your network
- 5. www.pedersenandpartners.com Build Competence: Education and Experience Careers of managers typically develop in a two-step process in this order: 1. Specialisation 2. Generalisation Most managers have a T-shaped career.
- 6. www.pedersenandpartners.com Build Trust: Display and Prove Your Competence In business, people must trust your competence and like you personally. How to establish trust in your competence: • Deliver what you promised; • Show it on your website or in a blog; • Display it in your CV and on LinkedIn; • Give presentations; • Talk about it on networking events; • Encourage people to talk or write about you; • Etc.
- 7. www.pedersenandpartners.com Build Your Network: Find and Develop People Who Support You Your competence is what you offer to your network. The more you have to offer the more interesting you are for your network. Self-check for successful self marketing: What is the most frequent question that people ask you? Is this the right question? Identify new members of your network through LinkedIn. Connect through connections. Support others first without asking or expecting anything in return. Connect people, recommend, contribute to their goals.
- 8. www.pedersenandpartners.com The Formula for Your Success in Business Be active in creating this environment: Your network Trusts Your competence
- 9. www.pedersenandpartners.com For more information please contact: Dr. Conrad Pramböck Head of Compensation Consulting Pedersen & Partners M +43 676 534 1257 E conrad.pramboeck@pedersenandpartners.com W www.pedersenandpartners.com