The amount of money you will make from a position is important for any job, which can make it difficult to answer the question: “What are your salary requirements”
This can be one of the trickiest questions to answer for an interview. The interviewer is trying to see if your expectations are within what the company is willing to spend. Giving a response that is too high could automatically disqualify you from getting the job. However, giving a response that is too low could mean you are losing out on a lot of dough. Tackle this question intelligently so that you and the employer will be happy.
Points to Emphasize
Ideally, a hiring manager will just tell you what the position pays and you can avoid answering this question altogether. If this question is asked, there are certain things to consider.
- Ask as many questions as you need to learn about the position so you know what a fair salary is
- Ask if they can provide you a salary range first
- Research beforehand to know what people in this position usually make
- Say you are open to negotiating
Hopefully, the job you are applying for is one you will enjoy, but you should still make a fair amount of money to live on.
Mistakes You Should Avoid
Answering this question incorrectly could mean you have already lost the job. Watch out for these easy mistakes to make.
- Don’t lie about how much you are currently making
- Don’t accept an offer that is far too low
- Don’t be afraid of saying you need time to think about their offer
- Avoid giving just a single figure
Giving a range of what you would like to make can work to your advantage because the employer sees that you are open to discussing your salary further.
Your answer will vary depending on the position you are applying for and how badly you need the job, but a solid response should look something like this:
Ultimately, I’m looking for a position with this company that allows for advancement and challenges me. I made $70,000 at my previous job, but I believe the additional skills and experiences I earned should warrant a salary between $75,000 and $80,000. However, I am open to negotiation.
It is important to be flexible with your salary requirement; however, it is also important to not settle for something that is clearly beneath you. If you are the perfect candidate for the job, a prospective employer should have no problem paying you what you are worth.