om Cruise was told by Paramount that his salary expectations were too high. It seems that when it comes to salary expectations, there appears to be a large gap between our perceptions of what we are worth and the realities. Part of the problem is that most of us think everyone else is getting more than us. For instance what proportion of Australians as a whole earn over $104,000 a year and what proportion of Australian managers earn over $104,000 a year? More of that later, but first it is worth asking how do we form expectations about salaries? What is a normal or fair salary for a days work?
We are often attracted to jobs because of the money, but it is not usually the money that drives us to leave. This is normally due to other factors like status, self-development, surroundings, relationships with the boss and other workers. So how come we don’t take these into consideration when we make our choices?