The trend of deep slouchy pockets is turning up everywhere on the catwalk at the moment. With that in mind, how do people in the fashion industry go about filling theirs?

Remuneration for the industry raises questions we are increasingly being asked for advice upon. Whether the salary questions come from a client or candidate, being able to give guidance can be difficult as so many variables need to be taken into account.

Most people become nervous when it comes to discussing salary issues, after all it is extremely important for both parties. For each side it is vital to do your research, go in with realistic expectations and look at it from all angles. Usually the responsibility level and variation of tasks within the role will determine the number of years of experience required and the salary bracket offered. Unfortunately money matters are rarely that simple and other issues are often raised.

What do counterparts earn? People are always interested to know if they are valued accordingly, especially when comparing themselves to their peers in the industry. However making comparisons can be a risky thing to do as although the job title might be the same there are bound to be key elements that will differ.

A common mistake by companies is failing to communicate the value of their benefits package to potential employees.

What is the market paying at the moment? The skill shortage, in some areas of fashion, is certainly putting pressure on employers to keep up with or go beyond market rate. A common mistake by companies is failing to communicate the value of their benefits package to potential employees. Non-cash benefits can often be about fifteen percent of an employee’s salary and can really attract and retain staff. Candidates can sometimes be reluctant to ask about benefits initially so it is up to employers to detail the extras on offer in order to catch the attention of the best candidates.

What skills will benefit or advance the role? Pressure is also on candidates to up-skill or at least better communicate their skill level. Life Coach, Eva Speakman says “We are all our own best asset” however people can struggle at times to express their knowledge and experience in order to back up a salary request. Don’t be modest but be honest and ensure that you take the opportunity to show off your expertise and suitability.

What was the salary in your last position? The rise in living standards and the need for instant gratification rather than saving for the future means people are increasingly looking for their salaries to be reviewed. They are taking less interest in long-term decisions to invest in their future and instead spending beyond their means on a daily basis, therefore constantly needing, just a little more.
    
How old are you? It may seem like it is coming from an ageist viewpoint but age will usually reflect experience and it is still a common guideline used to determine salary. Although older may very well mean wiser does it necessarily mean more skilful? For graduates entering the business finding out what salaries they will start on can be a surprise, especially with that burdening student loan in mind. However they do need to accept this as common practice and appreciate those clichés ‘it’s just a foot in the door’ and ‘the first rung of the corporate ladder’.

To work in the fashion industry successfully you need to be passionate and hungry for knowledge and experience and I’m sure there are very few of us, either employee or employer, who are in it for the money only and not the love as well.