Starting salary is the fixed amount of money that an employer is willing to pay a new employee to perform a specific job. Starting salary is dependent on a number of factors. It is determined by:
- market pay rates for people who are doing similar work,
- market pay rates in similar industries,
- the pay ranges in the region in which the job is located,
- the experience of the individual to whom you are making a job offer,
- the education of the individual to whom you are making a job offer,
- pay rates and salary ranges established by an individual employer for current employees, and
- the availability of potential employees to perform the specific job in the employerâ€™s region and location.
Starting salary is raised when an examination of these factors indicates a change. For example, the starting salary of computer science majors who are hired into development positions increases regularly. Employers who hire employees into software development, mobile development and other related fields can expect to research starting salaries annually.
Other jobs are more predictable. The pay for an HR Assistant in the mid-west has held steady at $30-35,000 for a number of years, for example.