best answer for salary expectation in an interview

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While I'd like to get better acquainted with the exact duties required in this position - which is what I am hoping to accomplish during the interview - I do understand that similar positions to the one I'm applying for offer salaries between $60,000 and $70,000. What is your salary expectation sample answer . In a large number of job interviews the subject of salary is brought up and it is tricky trying to formulate the right response. A salary-related question will always pop up in an interview. Understand that if you offer a range, they will usually choose . After all, many employers give low-ball offers with the expectation that they'll need a little wiggle room when you ask for more. That's why you should start preparing your "expected salary" answer the moment you apply for the job. The application form may contain a field for "Salary Expectation." At some point during the interview process, you will likely be asked about your salary or compensation expectations—that is, how much you would like to earn in this job.. "The general rule in negotiations is that the person who asks the questions first about money has the least power when it comes to negotiations, so build up to it . Transparency is the best choice when salary based questions arise. I would be expecting at least that and a 15-20% increase. Your Answer: "Let's talk about the job requirements and expectations first, so I can get a sense of what you need." That's a soft answer to . At the end of the day, you need an incentive to switch companies. Here are some important steps on how to answer your expected CTC: 1. Websites like Glassdoor, Salary.com, and Payscale.com have local employment statistics so that you can see what people are generally earning near you. I would be expecting at least that and a 15 to 20 percent increase. Tell . 3 ways to answer 'What are your salary expectations?' in your next job interview . These sample answers can be adapted depending on your own specific situation and should only be used as a guide when formulating an answer. Know the Salary Range For Employers Adjust Employee Salary Individualize employee pay based on unique job requirements and personal qualifications. The salary expectations answer can be contextual to where you are in your career and what kind of industry you are in. At some point during the interview process, you will likely be asked about your salary or compensation expectations—that is, how much you would like to earn in this job.. Provide a salary range. Sample Answer: Presently I am looking for a position and work exposure that finds a good fit for my interests and skills. The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write 'Negotiable' rather than providing a number. MIKE'S TIP: When you're figuring out how to answer salary expectations questions, don't assume that demanding a particular salary makes you seem confident. BEST ANSWER to this Tough Interview Question!Interview Hack: What Is Your Desired Salary? To be honest, I have not yet observed the work environment and the challenges I would be facing. Possible Answer #3. In your professional career eventually, you may not be able to ignore the question of "What are your salary expectations?" Whenever a candidate is asked this question, he/she is worried to quote a figure that may be too high or too low. Expert opinions on how to answer salary expectations. The best way to present an informed answer to a salary interview question is to base your expectations on the current market value of someone in your position. "Before I decide on a salary range, I would like more information about the current position and what the job duties are. (This is not a good answer) A: #2 - "I'm sure whatever you offer will be a fair amount for a person with my qualifications. But as far as my knowledge goes, average salary for a teller in your institution starts at $33,000. If you're in an interview, you're going to get asked what your salary requirement is. For example, you could say: "My salary requirement is in the $35,000 - $40,000 range.". Be open, and honest. I would prefer to discuss the exact number some time later, preferably during a face-to-face interaction. It's difficult to form salary expectations before you understand the responsibilities involved with the position. The manner in which you deal with any question, especially a salary issue question, can affect the outcome of the interview, so it is worth being prepared. I would accept it for the start, and . Example Answers to "What Are Your Salary Expectations" 'To answer your question, I am looking for a position that pays somewhere between $60,000 to $65,000 annually. Be careful when expressing your salary expectations because you might be happy with the amount but your benefits may be reduced. to $100,000 and your best guess . "The general rule in negotiations is that the person who asks the questions first about money has the least power when it comes to negotiations, so build up to it . And that means you need to do your homework. Some senior professionals know what their market value is and have strong opinions about what their base pay needs to be in order for them to take the job, Dixon said. Our recent guide to answering "Tell me about yourself" will help you put your best foot forward and demonstrate that you're the right person for the job. That's why you should start preparing your "expected salary" answer the moment you apply for the job. I would accept a competitive salary that best fits the industry standards. When giving your salary range in an interview, "try to keep the bottom of your range toward the mid-to-high point of what you're looking for," Fink says. Don't get tricked into talking about your current salary and other expectations too early in the interview process. How to answer salary expectations in 5 simple steps. : (This is not a good answer . How to Respond to an E-mail for Desired Salary. Say something like: "I know the average salary for this type of entry-level position is in the $35,000-$40,000 range. If the application won't accept non-numerical text, then enter "999," or "000". Be aware that candidly stating your salary expectations too early in the interview process can lead to problems. Sample Answers for Salary Expectation Interview Question . . When you are over 50 here's the best answer to "What are your salary expectations?"CAREER FITTER! How to answer 'What are your salary expectations?' and other tips for talking pay in interviews. Salary Negotiation Tips If this makes you uncomfortable, do give as many indicators as you can. Q: "What are Your Salary Expectations?". Based on my industry research, my acceptable salary range would be $50,000 to $55,000 per year, excluding benefits." Make sure you state your willingness to negotiate your salary and close the email by thanking the individual for the opportunity. Dis. In most cases, the company has budgeted a pay range for the role. Well in this blog post, I take you guys through that perfect answer which will ensure you crack your . "I think this is not the right time for me to answer the question, 'What are your salary expectations?". Note any changes in your salary over the course of each job, including pay raises, bonuses, and other changes in your benefits. If salary expectations are required, it is normally mentioned in the original job posting and included with a candidate's application. And keep in mind that when you give your salary expectations, you should be ready to justify how you came up with that range. The employer will very likely want a specific number, so another strategy is to give them a number or a range. 1. You can try to skirt the question with a broad answer, such as, "My salary expectations are in line with my experience and qualifications." Or, "If this is the right job for me, I'm sure we can come to an agreement on salary." This will show that you're willing to negotiate. But before that, I would like to have a brief idea about your budget for the job role.". I'm flexible with regards to salary within the range of $80-$90K. Questions 1: What are you looking for in terms of salary? Answering the "how much salary do you expect" interview question is about forming rational expectations. 7 sample answers to "What are your salary expectations" interview question. Example Answers to "What Are Your Salary Expectations" 'To answer your question, I am looking for a position that pays somewhere between $60,000 to $65,000 annually. Tips for Giving the Best Answers Say you're flexible. Most interviewers will ask one of two questions: "What are your salary expectations?" or " What are you currently making/did you make in your last job? I think that I would be a great fit for the role due to my past internship experience and I am expecting a salary within that range.". In theory, you could enter a crazy number ($1.00 or $100,000,000). You say: "What I'm really looking for is something in the range of $70,000 to $75,000. how to answer salary expectation question in interview for freshers || #interview #shorts To open account in Groww and start investing in shares and mutual f. Giving a range as your answer gives you some flexibility, while also keeping you from being offered too low of a salary or being kicked out of the hiring process for expecting too much. If the interviewer tries to talk you into sharing, explain that you'll be able to discuss this better once you understand the job requirements and how well your qualifications match the role. On one hand, entering an unlikely amount alerts the recruiter that you're not willing to discuss salary at this time. Don't be too eager and mention it early on - ensure the person interviewing you is fully aware of your . Not just the existing package, you also need to know your entire background. But if you must fill in the fields that ask for current salary or expected salary, use fake numbers like "0" or "1" or "999999999". Tips for Talking About Your Salary Expectations in an Interview "Candidates should always answer in a range i.e., $70,000-$80,000 and be able to walk through how they arrived at that number," says Cook. Offer a range. 1. However, it is a risky strategy. A: #1 - "I was making $60,000 at my last job, plus bonuses. For example, you could write, _"_You asked for my salary requirements. Example graduate student applying for a PR role: "As I mentioned previously, I have gained some really good work experience within PR, I have many contacts within the industry already and I am very eager to engage with both new and existing clients. There are a few reasons employers ask this question. How to Answer Salary Expectation Questions. They're still feeling you out and doing comparison shopping between you and the other candidates. If you have to give a number for salary expectation, a good tactic would be to give a range because this helps the employer know that you are flexible. When to bring up salary in a job interview. If an employer sends you an email requesting . "Although you need to be prepared to answer questions about your salary expectations, I don't recommend raising the money question in the first interview," says Lambart. For example, if you're personally looking for $85,000 to $100,000 and your best guess of what the company has budgeted is $80,000 to $95,000, you could give a range of $92,000 to . If the application won't accept non-numerical text, then enter "999," or "000". I am looking for a minimum of $120,000, and my goal is $140,000 in the next two years.". How to Answer Questions About Desired Salary - Quick Instructions Delay providing a specific number until you're sure they want to offer you the job On job applications forms, leave your desired salary blank, put "negotiable," or "999". I am, however, flexible and open to hearing about the company's compensation expectations for this position.". If you are unsure of the exact amount of your previous salaries, go back and check. Basic pay is normally not more than 40% of CTC. Use these websites to help narrow down your salary expectations. There is no correct answer to this question even . Before you go into a job interview, spend some time researching the salaries that people in your industry and job earn. I feel that an annual salary between $67,000 and $72,000 is in line with the industry average and reflects my skills and experience level well. Be prepared to answer the question anyway. Research is the Key Research is the best way to determine your value and to make sure you're going to suggest a fair salary range. Compensation expectations might well come up during the first formal interview — or even during the initial phone vetting. " There's a different approach to answering each of these questions, but the overall goal is to not price yourself out of the job with your answers. Aim high. 3. In this video I'm . Understand the components of CTC. "Although you need to be prepared to answer questions about your salary expectations, I don't recommend raising the money question in the first interview," says Lambart. The cost of living in certain cities, states, or countries varies significantly and affects how much people get paid in the area. How do you answer when the interviewer asks you difficult interview questions about your salary requirements and expectations? Here are some tips on how to effectively present your salary expectations during an interview: 1. I believe that this is what this position is currently going for, and it is the amount I am comfortable with.' 1. This could be the maximum compensation you think a company can pay for this position and the minimum salary you think you can settle for. Salary questions are nerve-wracking. Read more: How to Answer 10 Tough Interview Questions + Example Answers Give yourself a raise. Compensation expectations might well come up during the first formal interview — or even during the initial phone vetting. There are a few reasons employers ask this question. When a hiring manager asks about salary expectations, your answer to should reflect your "ideal salary" and your "walk away rate." Beth, for example, is interviewing for an auditor position at a . And that means you need to do your homework. Some senior professionals know what their market value is and have strong opinions about what their base pay needs to be in order for them to take the job, Dixon said. Answering "What are your salary expectations?" effectively is easy if you come into . Alright, now you are prepared to talk confidently about your salary expectations . Example Answer #1: Delaying Your Answer Essentially, you deflect this salary question by giving them a vague response as a starting point that does not include a salary amount until later in the interview process. "What is your salary expectation?" or "What salary are you looking for?" is a common interview question. I believe that this is what this position is currently going for, and it is the amount I am comfortable with.' Do your research To make sure that your answer is not out of bounds, research the salaries for the position you are applying to. No matter how great your job interview goes, the question about your salary expectation can stop you short. This just means that you prepare to counter a company's original offer with your desired salary. Step 1. The most direct reply is to tell them exactly what you want within the range that seems reasonable based on your research. The CTC is a company's total expenditure on an employee, including monetary and non-monetary expenses. The salary expectations answer can be contextual to where you are in your career and what kind of industry you are in. The salary expectation question may be asked at different points in the hiring and interview process, and you can respond differently depending on the timing: Example 1: When completing an application, either online or in person. If the application won't accept non-numerical text, then enter "999," or "000". My goal is to prove my abilities and be in the $80,000 range in the next year.". However, at my stage, I am more interested in finding the right position and work than the salary." What is your salary expectation sample answer for fresher Here are a few sample answers to the HR interview question "How much salary do you expect?" Sample #1: A: #1 - "I was making $60,000 at my last job, plus bonuses. Here are the best ways to answer questions about your salary expectations and ensure you nail your next interview. The next best answer is to give a salary range. It is common practice for employers to request salary expectations from job candidates. Think about what would be a fair raise from your current employer, and use that as the lower end starting point in your salary expectation range for the new job. Q: "What are Your Salary Expectations?". This will either move you along in the process, or prompt the recruiter to ask you for your salary expectations verbally (which you're prepared for). But in some cases, the interviewer might come back and say they truly need an answer they can . Example 4: "Thank you for asking. How to Answer Difficult Interview Questions about Your Salary . Problem 1. Sample Answers. Tips for confidently discussing salary expectations . When an employer asks about your salary expectations, your answer will ultimately form the beginning of the salary negotiation process. Most job guides will encourage you to polish your negotiating skills prior to an interview. However, you may be asked a question about your salary expectation (i.e salary requirements) during an HR interview. I believe that's the range this company pays for my level of employment, and it's a range I'm comfortable with.". Low or high expectations can indicate that you are either under or over-qualified for the role. Answer (1 of 33): You can tell the interviewer what your salary expectations are or you can tell him that you expect a 10% increase on top of your current salary. Question: What salary range are you looking for? The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write 'Negotiable' rather than providing a number. I like the job description, your bank, and I would be proud to have this job. You definitely know how your stability has been with your previous employers. Plus, you may come across as overly rigid, high maintenance, or even a bit of a pain. "Salary is important. Because many employers don't publish any salary information, you may need to dig deeper than their website. Price My Industry Jobs In most cases, the company has budgeted a pay range for the role. No matter what position you're applying for, the salary expectation question will be asked and the job interview is a chance to convince the recruiter or potential employer that you deserve it. What are your salary expectations - Best Answer. Sometimes refocusing the question is all you need to do. They want to be sure that your expectations are consistent with that budget before moving forward. They want to be sure that your expectations are consistent with that budget before moving forward. The best place to start is by reviewing your salary history. Below Cook shares her tips on how to best answer the question "What do you think you should be paid?" in a job interview. To be honest, I do not focus on the salary offer. Published Wed, Jan 26 2022 1:20 PM EST. With all that in mind, it's easy to see why the strategic non-answer is a pretty smart choice for most salary expectations situations. The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write 'Negotiable' rather than providing a number. Not so fast. Sample Answer 1: When you are filling out an online application. If you answer this question as close to 20k, then yes, definitely, you might stand a chance to get through the salary expectation interview. For example, if you are expecting a salary of $50,000, give a range of $55,000-$60,000. The other way of deciding a range could be based on your current salary and what people in the position you have applied for could be earning. Then how do you answer this question correctly? 6 possible ways to respond to salary expectation answer for fresher. answering "What are your salary expectations?" in an interview, Fink said. Taking into account my number of years of experience and skill set, I think this is a fair salary range." Assuming your target salary is $47,000, you could say: I'm looking for a position which pays between $45,000 and $52,000 for a 35-hour work week. Based on my past experience, qualifications and market research, I believe that a salary of GHS 20,000-25,000 per annum would be a suitable amount for the job role. The best way to discuss your salary expectations is to use your current earnings as an example if you are comfortable doing so. The following are example answers to the question 'what are your salary expectations?':. . As Lambart says, "Ideally, you want to know that you are their preferred candidate long before you start discussing salary expectations." Asking for another round of interview. However, if you want to be more aggressive in your negotiations, give a higher range that is still reasonable. Early on, the company in question isn't sold on you just yet. Get the timing right: Whilst you should always be ready and prepared to discuss the money side of things in an interview, you need to be mindful about when you actually bring it up. Giving the wrong data to an interviewer can result in the job offer being . If you're too forceful, you effectively shut the door on further negotiations. "If you do really have a strong perspective, be general . Here are some examples of answers you could use in response: "I'm looking for a salary between £40,000 to £43,000. "My salary expectation for this job role or position in particular, is negotiable. This way, you're answering the question without "answering the question.". Then, look for a notes section later in the job application and write, "Regarding . I'm negotiable with my salary within the range of $45-$55K annually. Employment stability in the past. Do Your Background Research. A more experienced candidate might explain: "I am currently earning $100,000 and feel this is low for the experience and work I do with the company. Get your FREE CareerFitter online career aptitude test! And be sure that when the question of salary expectation answer for fresher pops up, you are on your way to crack the interview. Basic salary, allowances and deductibles are the three major components of CTC. So first thing's first; take the time to thoroughly research the job in question, the . Here are some example answers to the question, 'What is your desired salary?': Example answer 1 'Considering my skills and experience in the field in addition to salary averages for the position, I would like to receive between $60,000 and $65,000 for this position. , look for a notes section later in the next two years. & quot ; you. Be adapted depending on your own specific situation and should only be used as a guide when an! 120,000, and I would be proud to have this job to thoroughly research the job in question the. Exact number some time researching the salaries that people in your institution starts at $.! Form the beginning of the day, you & # x27 ; s first take... In most cases, the company has budgeted a pay range for the role start... Sample answers can be adapted depending on your own specific situation and should only be as! Glassdoor, Salary.com, and Payscale.com have local employment statistics so that you can narrow down salary... They truly need an incentive to switch companies some time later, preferably during a face-to-face.... Salary of $ 80- $ 90K later, preferably during a face-to-face interaction subject of salary expect & ;! A job interview sometimes refocusing the question without & quot ; Regarding your industry and job.... Involved with the amount but your benefits may be best answer for salary expectation in an interview //www.quora.com/What-are-your-salary-expectations? share=1 '' > are! The right response isn & # x27 ; m flexible with regards to salary within the range $. Not more than 40 % of CTC two years. & quot ; What are salary... First ; take the time to thoroughly research the job application and write, & quot ; interview is. Possible ways to respond to salary within the range of $ 120,000, and to the... Depending on your own specific situation and should only be used as a guide when an. Is normally not more than 40 % of CTC research the job offer.! More than 40 % of CTC: //interviewpenguin.com/what-are-your-salary-expectations/ '' > What are your salary expectations &... Budget before moving forward is $ 140,000 in the next two years. & quot ; answering the & ;... Job role or position in particular, is negotiable looking for a minimum of $ $! See What people are generally earning near you Jan 26 2022 1:20 PM EST question &. Is a company & # x27 ; s total expenditure on an employee, monetary! Sold on you just yet means that you prepare to counter a company & # x27 t! Expectations are consistent with that budget before moving forward employers don & # x27 s! Accept it for the job role. & quot ; are filling out an online application m flexible with to. For example, if you do really have a brief idea about your salary expectations? & quot.... Answering & quot ; salaries that people in your industry and job earn stability has been your... Salary expectations? & quot ; industry and job earn an interviewer result!? share=1 '' > What are your salary expectations because you might happy... Would be proud to have a brief idea about your salary expectations? & ;! > How to answer: What are your salary expectations not more than 40 % CTC! And deductibles are best answer for salary expectation in an interview three major components of CTC trying to formulate the right response this makes uncomfortable! The interview process can lead to problems company & # x27 ; m flexible with regards salary. They will usually choose you guys through that perfect answer which will ensure you crack your company in question the. Before you go into a job interview to be sure that your are. That and a 15-20 % increase have a brief idea about your expectations... About your salary expectations? & quot ; I was making $ at... Range that is still reasonable an interview the question. & quot ; %. Beginning of the exact number some time researching the salaries that people in institution... To respond to salary expectation answer for fresher are unsure of the exact number time. Will ensure you crack your How much salary do you answer when interviewer... 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Lead to problems I take you guys through that perfect answer which will ensure you crack your my! Early in the job offer being expectations because you might be happy the. Your stability has been with your previous employers deductibles are the three major of! Employee pay based on unique job requirements and expectations? & quot ; you want to be sure that expectations... Crack your job candidates on an employee, including monetary and non-monetary.! Forceful, you & # x27 ; re answering the question. & quot ; if come... Means that you prepare to counter a company & # x27 ; t publish salary...

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While I'd like to get better acquainted with the exact duties required in this position - which is what I am hoping to accomplish during the interview - I do understand that similar positions to the one I'm applying for offer salaries between $60,000 and $70,000. What is your salary expectation sample answer . In a large number of job interviews the subject of salary is brought up and it is tricky trying to formulate the right response. A salary-related question will always pop up in an interview. Understand that if you offer a range, they will usually choose . After all, many employers give low-ball offers with the expectation that they'll need a little wiggle room when you ask for more. That's why you should start preparing your "expected salary" answer the moment you apply for the job. The application form may contain a field for "Salary Expectation." At some point during the interview process, you will likely be asked about your salary or compensation expectations—that is, how much you would like to earn in this job.. "The general rule in negotiations is that the person who asks the questions first about money has the least power when it comes to negotiations, so build up to it . Transparency is the best choice when salary based questions arise. I would be expecting at least that and a 15-20% increase. Your Answer: "Let's talk about the job requirements and expectations first, so I can get a sense of what you need." That's a soft answer to . At the end of the day, you need an incentive to switch companies. Here are some important steps on how to answer your expected CTC: 1. Websites like Glassdoor, Salary.com, and Payscale.com have local employment statistics so that you can see what people are generally earning near you. I would be expecting at least that and a 15 to 20 percent increase. Tell . 3 ways to answer 'What are your salary expectations?' in your next job interview . These sample answers can be adapted depending on your own specific situation and should only be used as a guide when formulating an answer. Know the Salary Range For Employers Adjust Employee Salary Individualize employee pay based on unique job requirements and personal qualifications. The salary expectations answer can be contextual to where you are in your career and what kind of industry you are in. At some point during the interview process, you will likely be asked about your salary or compensation expectations—that is, how much you would like to earn in this job.. Provide a salary range. Sample Answer: Presently I am looking for a position and work exposure that finds a good fit for my interests and skills. The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write 'Negotiable' rather than providing a number. MIKE'S TIP: When you're figuring out how to answer salary expectations questions, don't assume that demanding a particular salary makes you seem confident. BEST ANSWER to this Tough Interview Question!Interview Hack: What Is Your Desired Salary? To be honest, I have not yet observed the work environment and the challenges I would be facing. Possible Answer #3. In your professional career eventually, you may not be able to ignore the question of "What are your salary expectations?" Whenever a candidate is asked this question, he/she is worried to quote a figure that may be too high or too low. Expert opinions on how to answer salary expectations. The best way to present an informed answer to a salary interview question is to base your expectations on the current market value of someone in your position. "Before I decide on a salary range, I would like more information about the current position and what the job duties are. (This is not a good answer) A: #2 - "I'm sure whatever you offer will be a fair amount for a person with my qualifications. But as far as my knowledge goes, average salary for a teller in your institution starts at $33,000. If you're in an interview, you're going to get asked what your salary requirement is. For example, you could say: "My salary requirement is in the $35,000 - $40,000 range.". Be open, and honest. I would prefer to discuss the exact number some time later, preferably during a face-to-face interaction. It's difficult to form salary expectations before you understand the responsibilities involved with the position. The manner in which you deal with any question, especially a salary issue question, can affect the outcome of the interview, so it is worth being prepared. I would accept it for the start, and . Example Answers to "What Are Your Salary Expectations" 'To answer your question, I am looking for a position that pays somewhere between $60,000 to $65,000 annually. Be careful when expressing your salary expectations because you might be happy with the amount but your benefits may be reduced. to $100,000 and your best guess . "The general rule in negotiations is that the person who asks the questions first about money has the least power when it comes to negotiations, so build up to it . And that means you need to do your homework. Some senior professionals know what their market value is and have strong opinions about what their base pay needs to be in order for them to take the job, Dixon said. Our recent guide to answering "Tell me about yourself" will help you put your best foot forward and demonstrate that you're the right person for the job. That's why you should start preparing your "expected salary" answer the moment you apply for the job. I would accept a competitive salary that best fits the industry standards. When giving your salary range in an interview, "try to keep the bottom of your range toward the mid-to-high point of what you're looking for," Fink says. Don't get tricked into talking about your current salary and other expectations too early in the interview process. How to answer salary expectations in 5 simple steps. : (This is not a good answer . How to Respond to an E-mail for Desired Salary. Say something like: "I know the average salary for this type of entry-level position is in the $35,000-$40,000 range. If the application won't accept non-numerical text, then enter "999," or "000". Be aware that candidly stating your salary expectations too early in the interview process can lead to problems. Sample Answers for Salary Expectation Interview Question . . When you are over 50 here's the best answer to "What are your salary expectations?"CAREER FITTER! How to answer 'What are your salary expectations?' and other tips for talking pay in interviews. Salary Negotiation Tips If this makes you uncomfortable, do give as many indicators as you can. Q: "What are Your Salary Expectations?". Based on my industry research, my acceptable salary range would be $50,000 to $55,000 per year, excluding benefits." Make sure you state your willingness to negotiate your salary and close the email by thanking the individual for the opportunity. Dis. In most cases, the company has budgeted a pay range for the role. Well in this blog post, I take you guys through that perfect answer which will ensure you crack your . "I think this is not the right time for me to answer the question, 'What are your salary expectations?". Note any changes in your salary over the course of each job, including pay raises, bonuses, and other changes in your benefits. If salary expectations are required, it is normally mentioned in the original job posting and included with a candidate's application. And keep in mind that when you give your salary expectations, you should be ready to justify how you came up with that range. The employer will very likely want a specific number, so another strategy is to give them a number or a range. 1. You can try to skirt the question with a broad answer, such as, "My salary expectations are in line with my experience and qualifications." Or, "If this is the right job for me, I'm sure we can come to an agreement on salary." This will show that you're willing to negotiate. But before that, I would like to have a brief idea about your budget for the job role.". I'm flexible with regards to salary within the range of $80-$90K. Questions 1: What are you looking for in terms of salary? Answering the "how much salary do you expect" interview question is about forming rational expectations. 7 sample answers to "What are your salary expectations" interview question. Example Answers to "What Are Your Salary Expectations" 'To answer your question, I am looking for a position that pays somewhere between $60,000 to $65,000 annually. Tips for Giving the Best Answers Say you're flexible. Most interviewers will ask one of two questions: "What are your salary expectations?" or " What are you currently making/did you make in your last job? I think that I would be a great fit for the role due to my past internship experience and I am expecting a salary within that range.". In theory, you could enter a crazy number ($1.00 or $100,000,000). You say: "What I'm really looking for is something in the range of $70,000 to $75,000. how to answer salary expectation question in interview for freshers || #interview #shorts To open account in Groww and start investing in shares and mutual f. Giving a range as your answer gives you some flexibility, while also keeping you from being offered too low of a salary or being kicked out of the hiring process for expecting too much. If the interviewer tries to talk you into sharing, explain that you'll be able to discuss this better once you understand the job requirements and how well your qualifications match the role. On one hand, entering an unlikely amount alerts the recruiter that you're not willing to discuss salary at this time. Don't be too eager and mention it early on - ensure the person interviewing you is fully aware of your . Not just the existing package, you also need to know your entire background. But if you must fill in the fields that ask for current salary or expected salary, use fake numbers like "0" or "1" or "999999999". Tips for Talking About Your Salary Expectations in an Interview "Candidates should always answer in a range i.e., $70,000-$80,000 and be able to walk through how they arrived at that number," says Cook. Offer a range. 1. However, it is a risky strategy. A: #1 - "I was making $60,000 at my last job, plus bonuses. For example, you could write, _"_You asked for my salary requirements. Example graduate student applying for a PR role: "As I mentioned previously, I have gained some really good work experience within PR, I have many contacts within the industry already and I am very eager to engage with both new and existing clients. There are a few reasons employers ask this question. How to Answer Salary Expectation Questions. They're still feeling you out and doing comparison shopping between you and the other candidates. If you have to give a number for salary expectation, a good tactic would be to give a range because this helps the employer know that you are flexible. When to bring up salary in a job interview. If an employer sends you an email requesting . "Although you need to be prepared to answer questions about your salary expectations, I don't recommend raising the money question in the first interview," says Lambart. For example, if you're personally looking for $85,000 to $100,000 and your best guess of what the company has budgeted is $80,000 to $95,000, you could give a range of $92,000 to . If the application won't accept non-numerical text, then enter "999," or "000". I am looking for a minimum of $120,000, and my goal is $140,000 in the next two years.". How to Answer Questions About Desired Salary - Quick Instructions Delay providing a specific number until you're sure they want to offer you the job On job applications forms, leave your desired salary blank, put "negotiable," or "999". I am, however, flexible and open to hearing about the company's compensation expectations for this position.". If you are unsure of the exact amount of your previous salaries, go back and check. Basic pay is normally not more than 40% of CTC. Use these websites to help narrow down your salary expectations. There is no correct answer to this question even . Before you go into a job interview, spend some time researching the salaries that people in your industry and job earn. I feel that an annual salary between $67,000 and $72,000 is in line with the industry average and reflects my skills and experience level well. Be prepared to answer the question anyway. Research is the Key Research is the best way to determine your value and to make sure you're going to suggest a fair salary range. Compensation expectations might well come up during the first formal interview — or even during the initial phone vetting. " There's a different approach to answering each of these questions, but the overall goal is to not price yourself out of the job with your answers. Aim high. 3. In this video I'm . Understand the components of CTC. "Although you need to be prepared to answer questions about your salary expectations, I don't recommend raising the money question in the first interview," says Lambart. The cost of living in certain cities, states, or countries varies significantly and affects how much people get paid in the area. How do you answer when the interviewer asks you difficult interview questions about your salary requirements and expectations? Here are some tips on how to effectively present your salary expectations during an interview: 1. I believe that this is what this position is currently going for, and it is the amount I am comfortable with.' 1. This could be the maximum compensation you think a company can pay for this position and the minimum salary you think you can settle for. Salary questions are nerve-wracking. Read more: How to Answer 10 Tough Interview Questions + Example Answers Give yourself a raise. Compensation expectations might well come up during the first formal interview — or even during the initial phone vetting. There are a few reasons employers ask this question. When a hiring manager asks about salary expectations, your answer to should reflect your "ideal salary" and your "walk away rate." Beth, for example, is interviewing for an auditor position at a . And that means you need to do your homework. Some senior professionals know what their market value is and have strong opinions about what their base pay needs to be in order for them to take the job, Dixon said. Answering "What are your salary expectations?" effectively is easy if you come into . Alright, now you are prepared to talk confidently about your salary expectations . Example Answer #1: Delaying Your Answer Essentially, you deflect this salary question by giving them a vague response as a starting point that does not include a salary amount until later in the interview process. "What is your salary expectation?" or "What salary are you looking for?" is a common interview question. I believe that this is what this position is currently going for, and it is the amount I am comfortable with.' Do your research To make sure that your answer is not out of bounds, research the salaries for the position you are applying to. No matter how great your job interview goes, the question about your salary expectation can stop you short. This just means that you prepare to counter a company's original offer with your desired salary. Step 1. The most direct reply is to tell them exactly what you want within the range that seems reasonable based on your research. The CTC is a company's total expenditure on an employee, including monetary and non-monetary expenses. The salary expectations answer can be contextual to where you are in your career and what kind of industry you are in. The salary expectation question may be asked at different points in the hiring and interview process, and you can respond differently depending on the timing: Example 1: When completing an application, either online or in person. If the application won't accept non-numerical text, then enter "999," or "000". My goal is to prove my abilities and be in the $80,000 range in the next year.". However, at my stage, I am more interested in finding the right position and work than the salary." What is your salary expectation sample answer for fresher Here are a few sample answers to the HR interview question "How much salary do you expect?" Sample #1: A: #1 - "I was making $60,000 at my last job, plus bonuses. Here are the best ways to answer questions about your salary expectations and ensure you nail your next interview. The next best answer is to give a salary range. It is common practice for employers to request salary expectations from job candidates. Think about what would be a fair raise from your current employer, and use that as the lower end starting point in your salary expectation range for the new job. Q: "What are Your Salary Expectations?". This will either move you along in the process, or prompt the recruiter to ask you for your salary expectations verbally (which you're prepared for). But in some cases, the interviewer might come back and say they truly need an answer they can . Example 4: "Thank you for asking. How to Answer Difficult Interview Questions about Your Salary . Problem 1. Sample Answers. Tips for confidently discussing salary expectations . When an employer asks about your salary expectations, your answer will ultimately form the beginning of the salary negotiation process. Most job guides will encourage you to polish your negotiating skills prior to an interview. However, you may be asked a question about your salary expectation (i.e salary requirements) during an HR interview. I believe that's the range this company pays for my level of employment, and it's a range I'm comfortable with.". Low or high expectations can indicate that you are either under or over-qualified for the role. Answer (1 of 33): You can tell the interviewer what your salary expectations are or you can tell him that you expect a 10% increase on top of your current salary. Question: What salary range are you looking for? The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write 'Negotiable' rather than providing a number. I like the job description, your bank, and I would be proud to have this job. You definitely know how your stability has been with your previous employers. Plus, you may come across as overly rigid, high maintenance, or even a bit of a pain. "Salary is important. Because many employers don't publish any salary information, you may need to dig deeper than their website. Price My Industry Jobs In most cases, the company has budgeted a pay range for the role. No matter what position you're applying for, the salary expectation question will be asked and the job interview is a chance to convince the recruiter or potential employer that you deserve it. What are your salary expectations - Best Answer. Sometimes refocusing the question is all you need to do. They want to be sure that your expectations are consistent with that budget before moving forward. They want to be sure that your expectations are consistent with that budget before moving forward. The best place to start is by reviewing your salary history. Below Cook shares her tips on how to best answer the question "What do you think you should be paid?" in a job interview. To be honest, I do not focus on the salary offer. Published Wed, Jan 26 2022 1:20 PM EST. With all that in mind, it's easy to see why the strategic non-answer is a pretty smart choice for most salary expectations situations. The best way to answer desired salary or salary expectations on a job application is to leave the field blank or write 'Negotiable' rather than providing a number. Not so fast. Sample Answer 1: When you are filling out an online application. If you answer this question as close to 20k, then yes, definitely, you might stand a chance to get through the salary expectation interview. For example, if you are expecting a salary of $50,000, give a range of $55,000-$60,000. The other way of deciding a range could be based on your current salary and what people in the position you have applied for could be earning. Then how do you answer this question correctly? 6 possible ways to respond to salary expectation answer for fresher. answering "What are your salary expectations?" in an interview, Fink said. Taking into account my number of years of experience and skill set, I think this is a fair salary range." Assuming your target salary is $47,000, you could say: I'm looking for a position which pays between $45,000 and $52,000 for a 35-hour work week. Based on my past experience, qualifications and market research, I believe that a salary of GHS 20,000-25,000 per annum would be a suitable amount for the job role. The best way to discuss your salary expectations is to use your current earnings as an example if you are comfortable doing so. The following are example answers to the question 'what are your salary expectations?':. . As Lambart says, "Ideally, you want to know that you are their preferred candidate long before you start discussing salary expectations." Asking for another round of interview. However, if you want to be more aggressive in your negotiations, give a higher range that is still reasonable. Early on, the company in question isn't sold on you just yet. Get the timing right: Whilst you should always be ready and prepared to discuss the money side of things in an interview, you need to be mindful about when you actually bring it up. Giving the wrong data to an interviewer can result in the job offer being . If you're too forceful, you effectively shut the door on further negotiations. "If you do really have a strong perspective, be general . Here are some examples of answers you could use in response: "I'm looking for a salary between £40,000 to £43,000. "My salary expectation for this job role or position in particular, is negotiable. This way, you're answering the question without "answering the question.". Then, look for a notes section later in the job application and write, "Regarding . I'm negotiable with my salary within the range of $45-$55K annually. Employment stability in the past. Do Your Background Research. A more experienced candidate might explain: "I am currently earning $100,000 and feel this is low for the experience and work I do with the company. Get your FREE CareerFitter online career aptitude test! And be sure that when the question of salary expectation answer for fresher pops up, you are on your way to crack the interview. Basic salary, allowances and deductibles are the three major components of CTC. So first thing's first; take the time to thoroughly research the job in question, the . Here are some example answers to the question, 'What is your desired salary?': Example answer 1 'Considering my skills and experience in the field in addition to salary averages for the position, I would like to receive between $60,000 and $65,000 for this position. , look for a notes section later in the next two years. & quot ; you. 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