Responding to Salary Requirements Questions (With Tips and Examples)
Provide a range, not a sum When you write your salary requirements, you should include a range and not a specific sum. For instance, if you would like to make $35,, then you should state that your salary requirements are between $30, and $40,, rather than $35, This way, there is . Feb 15, · What Are Salary Requirements? A salary requirement is the amount of money a person needs to be paid in order to accept a job offer. Some companies ask for people to include their salary requirements either with the applicationor in the cover letter. Some interviewers may ask you in person, and it’s best not to let them catch you off guard.
Employers may bring up the topic of pay at some point in the interview process. You may be asked for your salary expectations directly, on an application form, or what is another name for olive juice response to a pre-determined salary range offered by the employer.
While a question how to respond to salary requirements question your salary expectations is one of the more straightforward things employers ask during a job interviewit can be stressful to talk about money. You can manage this stress by preparing your answers to salary-related questions ahead of time. If you do research on average compensation for both the role and your experience level, you can have productive and informative conversations about pay with your potential employers.
Your answer to this question can be the beginning of the salary negotiation process. Start by using Indeed's Salary Calculator for a free, personalized pay range based on your location, industry and experience. These salary estimates come from data submitted anonymously to Indeed by users and collected from past and present job advertisements on Indeed.
In addition, Indeed Company Reviews includes salaries by company reported by current and former employees. Keep in mind that salaries vary not only by career level and company but also by geographical location.
When researching the typical salary range for a position, remember to consider where the role is located and the cost-of-living in that area. For example, a job located in a big city like Los Angeles will likely pay a higher salary than the same position located in rural Texas. When using Indeed Salaries, be sure to select the location from the drop-down menu. This page will tell you how the salary for the position in your geographic area compares to the national average, the salary for the job at various companies nearby and the average salaries in other cities near you.
Your salary expectations should also factor in your seniority, experience level, educational background and any specializations or unique skills other applicants in the field may not have. Here are some suggestions, with example responses:. That way, I can provide a more realistic expectation. Here are a few more examples to provide you with more context as you research average salaries and determine what response is best for you.
Due to my skill set and experience level, I feel that this is a comfortable and appropriate range for my work. I feel that the value and expertise I can bring to this role supports my compensation expectations. Is this in line with your thoughts? My rich background in client services specific to this industry can play a role in strengthening the organization. To help the conversation go smoothly and make sure you get a fair salary, here are a few additional pointers:. Aim high: Once you know the average salary range for a position, consider padding your expectations.
In most cases, employers are going to start you off at the lower end of the amount you provide. Be confident: Some employers are interested in your answer as well as your delivery. Be careful not to overshoot the amount too much or you how to respond to salary requirements question be considered overqualified.
By giving an honest, informed response, you can help the interviewer better understand whether your expectations align and, if things go well, what sort of salary will be attractive enough to get you on board. Skip to how to respond to salary requirements question content Indeed Home. Find jobs Company reviews Find salaries. Upload your resume. Sign in. Find jobs. Company reviews. Find salaries. Create your resume. Help Center. Why employers ask about salary expectations.
They have a budget. If they find most candidates are asking for a great deal more than anticipated, it might mean requesting a larger budget for the position. They want to gauge how well you know your worth. A good candidate knows how much their skillset is worth in the market and can share it with confidence.
To determine appropriate market value, factor in your level, years of experience and career achievements. An applicant how do you detox your kidneys asks for a significantly higher amount than other candidates may be too senior for the role. How to research job salaries. How to answer salary expectation questions with examples. Keep in mind, however, that the employer may opt for the lower end of your range, so make sure your target number is as close to the bottom number as possible.
Include negotiation options: In addition to your salary, there may be other benefits, perks or forms of compensation you consider just as valuable. Including these as possible opportunities for negotiation is an option, too. For example, while the employer may not have budgeted enough for your ideal salary range, they may be willing to offer equity in the company to make the compensation package more attractive to you. Tips to determine and communicate salary expectations.
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Why Do Employers Ask for Your Expected Salary?
Dec 16, · Prevent a deer-in-headlights reaction by having a prepared response. Choose from two options: Respond by saying something along the lines of, "My salary Home Country: US. Jan 21, · You may be asked for your salary expectations directly, on an application form, or in response to a pre-determined salary range offered by the employer. While a question about your salary expectations is one of the more straightforward things employers ask during a job interview, it can be stressful to talk about money. You can manage this stress by preparing your answers to salary-related questions . Feb 10, · When a hiring manager asks about salary expectations, your answer to should reflect your “ideal salary” and your “walk away rate.” Beth, .
Few questions strike fear in the hearts of job seekers like the bombshell "What are your salary requirements? But if you give the right answer, you'll win points with your potential employer and set yourself up for the salary you deserve.
Here's how. Some employers ask about your salary expectations in an online form when you first apply for a job. Others request that you list your salary requirements in a cover letter , or a recruiter will ask you about it during the first phone screen after you've sent in your resume. While it might sound scary to suggest a number so early, it's better to give your potential employer a salary range than to avoid answering at all, says Pattie Kim-Keefer, assistant director of career services at Swarthmore College in Pennsylvania.
But how do you come up with the right range for the position? Putting your cards on the table can backfire if you haven't researched how much your employer is likely to offer you. Ask other students or your school's alumni what they've been offered for similar positions. Many colleges collect salary data from students and recent grads on the job market, Kim-Keefer says, which can help you figure out the going rate for the job you applied for. You can also search online for salaries that others have self-reported in your industry.
Make sure the numbers you find are in the same ballpark as your possible salary. Compensation takes into account your experience, the location of the job, the size of the company, your potential responsibilities and how the company is doing financially.
So tailor the information you find to your own position. Employers are likely to offer you a salary at the bottom of your range down the line, so be mindful of how low you're willing to go. Always couch your response with the explanation that your salary is flexible. If you're asked to provide a number in a blank text box on an online application, add "negotiable" at the end.
If that's not possible, make sure you state it elsewhere on your application. You want to let your employer know that you're willing to have a conversation about compensation, and that you recognize there are factors beyond salary that make a job offer attractive. Before locking yourself into a salary range, Kim-Keefer recommends taking into account what experiential benefits you'll get out of the job, like mentorship opportunities and career mobility.
The company is likely to pick up the tab for other benefits, too, like health care, vacation days and travel to professional conferences, which will bump up your overall compensation when a job offer comes. Also, while it's a good idea to stand firm on your salary range, don't assume a higher-paying job is automatically better. Chrome Safari Continue. Be the first to know. Get browser notifications for breaking news, live events, and exclusive reporting.