Some of the hardest questions to answer during a job interview are about salaries. For going to win-win situations between employers and candidates really requires both to be skillful and professional in the "Salary Negotiations"
Why do interviewers want to know your salary expectations?
Employers may ask this question not just for financial reasons, but to understand even more about you and your skills. The Employer may want to see what your expectations are, but also how flexible and confident you are in yourself. They might also ask you this to see how much you value yourself and your work.
Some of the hardest questions to answer during a job interview are about salaries - Image: Internet.
By searching and repairing before participating in interviews, you should have a sense that you are not only flexible with your salary, but you also know how much you are worth.
There are some ways to answer interview questions about salaries, and it’s important to determine how best to answer this question so you can go into your interview with confidence.
Salary Negotiation Tips
Salary negotiations can include all aspects of compensation, including salary, bonuses, stock options, benefits, perks, vacation time, and more.
1. Put in a salary range based on your research.
Take the time to research salaries long before you even begin discussing pay. You should have a sense that salaries should be fairly similar across the board, but there may be some differences based on location, experience level, or company size. This will allow you to determine a reasonable salary range for the job.
Furthermore, refer to some people you know in the same industry or search one of the many websites that offer salary averages and estimates.
Take the time to research salaries long before you even begin discussing pay - Image: Internet
2. Evaluating your salary expectations
Providing the employer with a range for your salary requirements, it will be included the highest you can get and the lowest you can accept. That helps to prevent potentially missing out on an opportunity by being too specific or aiming too high with your ideal salary.
Providing the employer with a range for your salary requirements. - Image: Internet
3. Be flexible - Consider the whole compensation packet
Employers might be offering a salary that’s lower than the average range but will have to invest in training or other benefits. Let’s consider the whole compensation packet and think about the range that you can accept.
Keep in mind that salary isn’t the only thing you should consider. That means looking at other valuable benefits such as additional vacation time, flexible hours, insurance coverage, a retirement savings account or pension plan.
What Not to Say
- Avoid giving a set amount. If you can avoid mentioning a specific salary until after the employer mentions it, negotiation will be more in your favor.
- Don’t price yourself out of a job. You may price yourself out of a job offer if you come in too high.
- Don’t be negative. Even if the amount you’re offered seems insultingly low, respond gracefully and ask if there is room to negotiate.
Here is a suggestion:
"I'm open to discussing what you believe to be a fair salary for the position. However, based on my previous salary, my knowledge of the industry, and my understanding of this geographic area, I'd expect a salary in the general range of $X to $Y. Again, I'm open to discussing these numbers with you”