| Does
my international salary history jeopardize future earnings?
Q.
I had five years of experience as financial accountant in private
industry in the United States before moving to Hong Kong last year.
My annual earnings as a manager were US$43,000. The staff accountant
job I hold in Hong Kong equates to US$28,000. Besides the job title,
the salary difference is also because of the different living standard,
tax rates, and salary trends between the United States and Hong
Kong. After taking these considerations into account, I estimate
my salary in Hong Kong to be equal to US$40K.
Now
I am returning to the United States and my low salary looks awkward
on my resume compared to what I earned in former jobs. How
can I tell the recruiters that my latest salary looks low only because
of the different living standard, not because I am unable to attain
a higher salary? Should I put my estimate of $40,000, or my actual
salary of $28,000 on the resume?
A.
On your resume, talk about your experience in Hong Kong, but omit
mention of your salary at this or any job. If a prospective employer
asks for your salary, tell them you were paid the competitive salary
by Hong Kong standards.
It's
never a good idea to convert a salary in a foreign currency to U.S.
dollars because of the differences in cost of living you mentioned.
Moreover, different countries have different demand for skills and
labor; these differences translated into differences in the market
value of those skills.
So,
focus on your experiences and skill sets and leave your salary out
of the conversation.
Good
luck.
-
Erisa Ojimba, Certified Compensation Consultant
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