Sharing payslips with prospective employers works in your favour, says HR expert
Salary negotiations can be a tricky part of the recruitment process.
Human resources (HR) consultant Otis Letsoalo says companies offer remuneration packages based on a candidate's skills, expertise and experience.
He says a job package is determined by the level of the job category, the person's skills and the requirements of the job.
When an employer writes a letter of offer to a suitably qualified candidate, they often ask for the person's payslip.
According to Letsoalo, submitting a payslip does not disadvantage a prospective employee, but can instead help a candidate negotiate for benefits.
Letsoalo says candidates are also able to ask for a dummy payslip before accepting a job.
He advises that job seekers should conduct research on the market rate salary offered for their position.
When you apply for a position, you have to take into account what a company is offering and if you fall within that range.Otis Letsoalo, Human Resources and employee consultant
Salaries are regulated by the company's policies and procedures.Otis Letsoalo, Human Resources and employee consultant
In most cases during interviews, panelists never ask you how much you are looking for.Otis Letsoalo, Human Resources and employee consultant
I would advise job seekers to make their payslips available if the prospective employers requires one. It doesn't disadvantage you.Otis Letsoalo, Human Resources and employee consultant
Letsoalo explains that Cost to Company (CTC) describes the total amount of expenses a company spends on an employee each year.
This may include medical aid, petrol or cell phone costs and other benefits.
Many job applicants find CTC misleading and often confuse it with their take-home income.
Take a listen to the informative discussion:
why are recruiters asking for my recent payslip? is that even lawful? that gives me a huge disadvantage in terms of negotiating for a salary in the new role.@Eusebius— khomo (@khomo1010) March 7, 2018
@Eusebius this thing of providing payslips is how a friend ended up earning about R200k less than the minimum salary for his position coz the company couldn't "justify the increase"— Esteemed Disk Jockey (@Mdu_da_Prince) March 7, 2018
Government's new energy plan has been announced as the country deals with load shedding caused by Eskom's low generating capacity.Read More
Photographer Johnny Miller discusses the impact of his moving work and how he captures his eye-opening images.Read More
Last month, Eskom shut down claims by the Democratic Alliance that load shedding was on the cards.Read More
Cape Town stadium will be leased to a municipal body that's subsidised by the city for R100 per annum.Read More
Sacca executive for corporate services Phindiwe Gwebu says the airline has given them an assurance that all issues are resolved.Read More
Handsfree pickpocketing is a myth, says consumer journalist Wendy Knowler. But risks remain, suggests a case she took on.Read More
The Money Show’s Bruce Whitfield interviews Toby Shapshak (Publisher at Stuff magazine) about the R1.5 billion investment.Read More
Personal finance expert Warren Ingram warns that divorce almost always destroys wealth. Here’s how to not lose your money.Read More
Sasmef president Tebogo Kaas calculates cost of rolling blackouts, while union's Mike Shingange says Eskom board must go.Read More
Bruce Whitfield interviews Basetsana Kumalo about her attitude to money (hopes and fears, successes and failures, etc.).Read More