Tasha D (preferred not to disclose full name) was formerly employed as a Business Manager (BM) for a human resource department of a major non –profit organization. Amongst other duties, Tasha was responsible for time keeping and payroll, purchasing, processing new hires and terminations and was involved in budgeting and determining salary and wages. Tasha has over 8 years of business management experience. The following is from an interview with Tasha, in which – based on her experience as a BM, she shares insight, advice and tips about salary and wages that can prove useful to employers and aspiring entrepreneurs.
Determining Salary and Wages:
In Tasha’s experience salary and wages are determined based on a number of factors; average salary for title/position within the industry, level of skills and knowledge required- including level of education, and level/years of experience. Tasha indicated although former salary is often requested on a job application, in her experience it is rarely considered in determining salary and is asked to assess whether or not former positon is in line with average salary, and if candidate knows their worth (know what they should be paid). Likewise, a request for “desired salary” is asked for the same reasons. Tasha’s experience in determining “fair” salary and wages involved use of a weighed system. Tasha indicated, each position had a salary range. Where a candidate placed within the range was determined by how factors (requirements) were met.
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