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Most professionals will be asked about their salary expectations at some point in their careers. This usually happens during the interview process to allow the hiring manager to evaluate whether your expectations are on par with what they are willing to offer or what the industry average is. Here we explore why employers ask about your salary expectations during interviews, how to answer this question, tips to keep in mind when providing your salary expectations, and what to avoid when answering this interview question.
There are several reasons why employers ask the question ‘what are your salary expectations?’ during the hiring process. One primary reason is that they want to ensure that the salary you are anticipating is something they are able to provide. Many companies have a set budget for the various positions they hire employees for and must stay within this budget to avoid having to make cuts elsewhere.
While companies typically want to stay within their set budget, some organizations will adjust their budget if the candidate offers exceptional talent or if several candidates are asking for a similar salary that’s higher than what the company originally budgeted for.
Other reasons an employer may ask you this interview question include:
The following are steps you can take to most appropriately answer this interview question:
The following are example answers to the question ‘what are your salary expectations?’:
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. Given my experience, expertise, and skills, I would expect to receive a salary in that range.
I am open to discussion regarding my salary expectations. However, given my salary in my previous position as well as my industry knowledge and experience, I feel that a salary between the range of $70,000 and $80,000 is fair.
My salary expectations for this position are between $85,000 and $95,000. I feel this is a fair salary range given my experience, knowledge of the industry, and skills. However, I am willing to negotiate depending on other forms of compensation that are available.
Here are a few things to avoid when answering a question related to your salary expectations in an interview: