Gap Salary
What is gap salary?
A gap salary refers to the difference between the current salary of an individual and the salary they desire or believe they deserve. It is essentially the discrepancy between what one is currently earning and what they aspire to be making.
What are the types of gap salary?
There are generally two types of gap salary: 1. Market Gap Salary: This type of gap salary occurs when an individual's current salary falls below the average market rate for their position and level of experience. It signifies that the person is being paid less than what is standard within their industry. 2. Aspirational Gap Salary: This refers to the difference between the individual's current salary and the amount they aspire to earn. It is based on their personal career goals and the level of compensation they believe they deserve.
How to complete gap salary
Completing the gap salary requires a strategic approach and effective negotiation skills. Here are some steps to help you close the gap:
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