Definition of market related?

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smb3

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I was looking at the career junction site and i noticed that there are alot of dev positions that offer "market related" salaries ... what defines market related and how does one access this information since companies usually say "according to the market this and that" ??
 
Tricky one because even when you're working for a company, when they say you will get a "market related" increase they often won't provide the data they use to obtain the value.

Best bet is to look at salary surveys but many of the good ones aren't free. ITWeb have one although their 2011 results aren't out yet.
 
They probably subtract/add depending on the years of skills you have, and probably whether you have university qualifications.
Also if you're professional then you can negotiate yourself, but for a person like me with few years experience I usually accept what they offer.
 
market related is usually 10% more than your current salary! as long as its withing the range.

for the range
- professionals check robertwalters,
- and for the others you will have to probably check mywage or others
 
It means they dont want to tell you outright how much they will pay you. But its probably low. They want to know how much you earn first before you deciding whether to offer you. They'll probably beat your current salary by 10% or so. Cheapskates, in other words.
 
Yup, its utter shena****ns at the moment, everyone wants a copy of your payslip so they pretty much just offer you slightly more than you're currently earning. I think most of these "market related" offerings are total balls.

It also forces people to change jobs regularly so that they can move, then get the salary upgrade each time. silly.

Right, I'm finished venting for now...
 
This is indeed true, unfortunately I think its completely short sighted. If you can afford to pay people what they're worth, you won't have financially disgruntled employees in the long run.
 
Market related is an obfuscated way of saying industry average. They use various 'market-related' variables (such as demand, average salary and others) to determine a realistic average salary for various tiers in each market domain.
 
It basically means they won't say and once they know what you were earning previously they will make a relative offer...
 
TCTC stands for Total Cost To Company (in case you were to afraid to google it)
 
Fundamentally it means the agreed price between a willing buyer and a willing seller. In the job markets it means the lowest salary they can screw you over with, just before the point where you tell them to f*** off. :-)
 
You can negotiate your salary as part of your employment contract. If you really like the company and you cannot find any other place to work, then you are screwed.

But, if you are very good and the company really wants you, then you can try to squeeze a bit more out of them :)
 
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