How To Answer What Is Your Desired Salary

Depending on where you are in the interview process and your personal situation there are three main strategies for answering what are your salary expectations in an interview fink says.

To prepare a response you should have a sense of what someone in your industry and geographic area typically earns. Use one of the many websites that offer salary averages and estimates. This will allow you to determine a reasonable salary range for the job. It s common to be unsure of what to put for desired salary as you re completing job applications and attending interviews.

Remember your goal isn t just to find a job. Typically the value of non cash compensation will range from 40 60 of the value of the cash compensation but it can be significantly higher in some cases. If you select a number that s too low your employer may eagerly accept the suggestion and pay you less than you re worth. If the application won t accept non numerical text then enter 999 or 000.

Responding to questions about salary with a single number limits your ability to make something work with the company crawford says. This includes your base salary and non cash compensation such as benefits vacation stock options health insurance stipend 401k etc. 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. The right job means you will be happy with the work and the pay.

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The best way to respond to the desired salary inquiry in the actual interview is to also avoid giving a number. Your desired compensation takes into account the total value of any financial benefits. Keep the following logic in the back of your mind and you will present much more confident when you provide your desired salary. This also means the company will be happy with you and what they are paying.

Remember everyone would love to have a million dollars an hour but that s not exactly realistic. If your number is too high then you are probably overqualified for the position. A desired salary is the compensation that you would like to receive for a new job. Give a salary range.

If the employer s salary range is in the area you were considering or even higher thank them for sharing the information and confirm that the figure s in your ballpark. Desired salary is the compensation that you would like to receive for a new job. Instead you want to convey that you are focused on finding the right position for your career. It is to find the right job.

When an interviewer asks about your salary expectations having a well formulated data backed answer will ensure you re not undercutting yourself or aiming over the market value.