Monday, March 27, 2006

Writing your resume 's current and expected salary

Was talking with Web about resume writing when I realised something true and shocking. He was asking me how I state my current and expected salary, I said by monthly and he pointed out something out of my imagination. He mentioned that he read from somewhere, if we state our monthly salary, it should be calculated as annual income (which includes all the allowance, benefits in cash and bonuses) and divided by 12.

For example, if someone's 12 months salary totals up to $24,000 and bonuses at $6,000, the net annual income should be $30,000. When you state in your resume, your monthly salary should be $30,000 / 12 = $2,500. This is done so that you do not lose income due to additional income other than your fixed salary.

I think alot of people including myself did not realise this, and did not know that this can be done. Imagine you are drawing $2,000 a month in this instance and you get $2,300 in your next job, which unfortunately do not offer any bonuses, you actually get a pay cut (compared to $2,500 as computed through annual net income)!!!

Get your resume corrected now and do not lose out in getting what you deserved!

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