How To Answer Salary Related Questions In Interview
No matter how good your interview, a question about salary can put you off. "How would you like to be paid?"—it's a pretty straightforward question, but the answer is quite complicated. You should prepare in advance what to say and what not to say.
How To Answer Salary Related Questions In Interview
Why do interviewers want to know what kind of salary you want? The reason behind asking this question may be to see if they can afford to hire you. Or getting an idea of how much you value yourself and your work.
By being prepared in advance, you can show employers that you're open to negotiating salary—and that you're fully aware of your qualifications.
If your salary demand is low and you walk out of the interview with an even lower salary guarantee, your situation will be dire.
Salary should not be fixed without knowing exactly what to do in the job. And often the salary range is asked to be mentioned in the application form. In this case some strategies can be adopted. Below are the strategies you can adopt.
1. Fixing the salary in the application form
Some jobs require you to specify what kind of salary you are seeking when applying. In this case you can skip this question. But it cannot be skipped if it is an essential question, because then the officials will consider you incapable of following the instructions.
In this case you can mention a range of salary after inquiry. Employers will know you're open to negotiating salary. That's why you can use terms like 'subject to negotiation'. Avoid mentioning specific figures.
2. Answering salary related questions
Answering salary questions requires having an idea of what people in the same position or industry earn. Then it will be convenient to determine the salary range.
Salaries are generally similar across companies for the same position. However, salary may vary based on location, experience or company size. So check from multiple sources.
A little research can help you present a reasonable salary range to employers. Don't approach employers with too low or too high a salary range.
3. Some of the best answers
• Answer a. “My salary range is flexible. I want good salary based on experience and award winning sales record. But after knowing the details about the job post I am ready for any kind of discussion. "
This answer can win over employers because it not only makes it clear that the candidate is qualified for that particular position, but also shows that the candidate is flexible about the salary.
• Answer b. “My salary demands are flexible. But I have a lot of experience in this field which makes my candidature stronger. I would like to discuss my responsibilities in the company in more detail. From there a suitable salary can be determined for the post. "
A good way to avoid talking about this before employers mention a specific salary is to ask for details about the job. You can also ask about what the company is offering the recruit.
• Answer c. “I would like to know in detail about the duties of this post. The salary of this post is usually between 'A' to 'C'. But based on my experience and skills I expect salary in 'B' to 'C' range.”
This answer will let employers know that you are aware of the salary for that position. Salary range mentioned in this answer will be helpful to discuss salary.
• Answer d. “I am willing to negotiate a suitable salary for this post. But from my previous jobs, knowledge of the industry and understanding of the situation, I am expecting a salary in the 'A' to 'B' range."
This answer will let employers know that you are experienced, so your answer will be helpful for salary negotiations as you mention the salary range.
4. Some tips for good answers
State that you are willing to negotiate. Can be more specific in answering questions. "I expect a salary based on my experience and qualifications", or, "If this is a suitable job for me, we can agree on a salary through negotiation" - such answers will let employers know that you are willing to negotiate.
• Tips 1. Say a certain range
Most employers want to hear a number. In this case you can tell them a range (eg, forty to fifty thousand rupees). Answering like this shows flexibility and a specific figure is also known. You can get an idea about this range by inquiring.
• Tips 2. Keeping up with the current salary
In addition to researching industry salaries, you can use your current or previous salary as a starting point. And if you move house, then keep in mind what new expenses have been added to your daily life.
• Tips 3. salary increase
Think about how much you would be better off increasing your current boss' salary. This can be your starting point for new jobs. If not, consider increasing current salary by 15-20% for new job. By doing this, you will get the motivation to change the company, and your salary will also be correct.
• Tips 4. Say numbers as needed
Give a salary range that is sufficient to support yourself and your family.
• Tips 5. Highlighting your skills
Through the answers, tactfully explain why you are suitable for the job. Before specifying a range, remind yourself why the employer will pay you.
• Tips 6. Be prepared to negotiate
Many candidates feel shy to increase the amount of money. They think that if the salary is high, they may not get the job. But you can increase the salary by negotiation. But don't bring up this topic unless you have an offer to consider.
5. Avoid saying those things
• If you don't do it before the recruiter mentions a certain figure, your opinion will dominate the discussion.
• Don't ask for too much salary. If you ask for 100,000 rupees for a job for which 50 thousand rupees is suitable salary, the chances of getting hired will drop to zero.
• If you are offered a very low salary, keep a cool head and ask if there is any room for negotiation.