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Hiring managers often ask a few predictable questions during the course of the job interview, regardless of the industry or position. One such question often has to do with salary requirements and history. This is one of the trickier questions to answer, so preparation before the interview is vital. Learn why employers ask about salary, look at a step-by-step guide to answer the question, review example answers, and see tips for earning a high salary.
This is a very important question for both your potential employers and you. For potential employers, asking about your salary requirements and salary history can help them establish an appropriate salary for you specifically based on your request, job history, skills, and position requirements. For you, it provides the opportunity to share how you value your experience and skills with a monetary figure.
Responding appropriately to this question is of utmost importance, however. If you provide a figure that’s higher than the potential employer anticipated, you might get screened out of consideration. If you offer a figure that’s too low, your potential employer might think you don’t have the appropriate skills or experience to perform the role.
When asked about your salary, either your requirements or history, use these steps to help you craft an effective answer:
Here are some example answers to the question, ‘What is your desired salary?’:
‘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. Does this match with what you are considering offering?’
‘With my previous leadership positions and experience in the industry, I believe I’m a competitive candidate. I would like to receive an annual salary between $71,000 and $77,000, depending on the benefits package. I definitely have some flexibility there.’
‘In considering my experience in the field and unique skill set, I think a salary between $43,000 and $50,000 would be reasonable. Could you tell me more about the potential benefits included in a compensation package? I could adjust my required salary range depending on the benefits offered.’
Usually, after you make your first salary offer, the hiring manager will take that information to their team and come up with a counteroffer. More than likely, this will happen some time after the interview, potentially alongside a job offer. Use these tips to help you negotiate effectively and receive the highest possible salary: