How to Answer the Question What’s Your Salary Requirement
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Transcript of How to Answer the Question What’s Your Salary Requirement
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How to answer the question ‘What’s Your Salary Requirement?’
You may find yourself trapped whenever asked the
question about compensation. It is supposed to be a
general warning not to answer the question since it is the
biggest scam question a company do for their own benefit.
Giving too high amount may lead you to not land on the
job, but too low then you just labeled yourself. And if ever
you take the job, make sure to make up for this salary
setback the next time you’re negotiating your salary.
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Almost all job applications require to state the
desired salary of the applicant. This is for their own
benefit because they now gain the total control.
Kip Kipley, director of human resources for
WorldatWork, an association for HR professionals
said human-resources executives believe that
requesting salary information in advance helps them
find the best candidates for openings.
This is the reason why hiring managers and HR reps
want to name your price so do not fall for it and
instead there is a way around the dreaded salary
requirement question.
Westhill Consulting Career and Employment,
Australia provides you the following tips in
answering the said question.
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Understand Your True Value
Get a better understanding of how much you should be
making based on your expertise and skills by doing a
research beforehand.
“It's a strength of a candidate to have a solid market
understanding of their salary value,” says Megan
Zengerle, VP of People Operations at Creative Live. “This
can be achieved by understanding what other companies
are offering or paying for the role and I always encourage
candidates to talk to their peers to ascertain this
information.”
Don’t Leave the Salary Requirement Blank
Don’t skip the salary requirement if you are applying
online.
Generally, “no response will work against the job seeker.
It appears the job seeker is ignoring what the employer
asks,” says Larry Goldsmith, CWDP, job search and career
strategist.
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The worst thing that could happen is your resume
will be filtered out by recruiters who need to narrow
down their stack of candidates and the best would
be the rest of your application will be intriguing
enough anyway, but here is a warning! Do not risk
it.
If they Ask You, Divert!
After knowing your number, they will use this to
their benefit and chances are they’ll press you for it.
Postpone the discussion until after the employer has
shown solid interest in you.
“Stall by saying it depends on factors that we
haven't discussed yet, like benefits and many
intangibles,” says Rich Grant, president of the Maine
College Career Consortium. “Then, ask, what is the
range you expect to bring someone in with?”
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Offer a Broad Range If You Absolutely
Have to Answer
To avoid being lowballed, just offer a broad range
when push comes to shove.
“When asked the question, a candidate should
specify his or her own range - and that range should
be such that its low end should be close to the high
end of the employer's range, i.e. the candidate's
range 'hooks' over the high end of the employer's
range,” Rick Dacri, executive recruiter and author of
Uncomplicating Management.
“Research can usually identify the employer's range,
especially if the candidate asks the interviewer
where they consider their salaries fit relative to their
industry standard.”
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Again, the Key is to be Vague
“Tell the company that you have no specific salary
requirements, but that your pay has been in the X to
Y range in the past few years, Mark Jaffe, a
Minneapolis-based executive recruiter suggests.
Give yourself a spread of about $20,000 to
$30,000,”the Wall Street Journal reports.
"Say that you consider yourself flexible and are open
to anything that's reasonable, but in recent years,
your salary has ranged from $100,000 to $120,000,"
Jaffe says.