Let us put all these steps made by a real example. We will look at Sarah, the Graphic Designer in New York, was assigned a list of her looking for wages. His procedure indicates how each ACTOR supplies how to create a well-researched target.
First, Sarah checked the market value of the pictures of the images. You received a standard list was $ 50,000 to $ 60,000 in his area. This was his first place.
Next, he looked at his special skills. Sarah is a professional in Adobe Suite. This improved skill usually adds $ 2,000 to basic income. He also has strong UX / UI skills, add one of the $ 4,000 at his value. These skills oppress her highest rates than a basic market level.
Living in New York was a major factor. The high cost of living meant that they needed about 20% more than the cities of other cities. This helps her adjusting her grade to accompany her life costs.
Then Sarah counted her benefits. The company gave the high health insurance, retirement retirement, and bonuses. These benefits have added approximately $ 8,000 at his full value.
After adding everything to the top, Sarah’s last summary list reached $ 75,200 to $ 87,200. Here are simple statistics:
- The basic market distance: $ 50,000 to $ 60,000
- Additional amount of Adobe skills: + $ 2000
- Additional amount of UX / UI: + $ 4,000
- New York Living Updates: + 20%
- The value of the Benefits of Benefits: + $ 8,000
- Last salary range: $ 75,200 – $ 87,200
This distance gave Sara’s conviction in conversations. He knew his values based on real data, not just guessing. The distance was high enough to cover its needs but still sound in his industry.