When you are preparing for an interview, part of this process should include figuring out what your salary expectations are. This is because, in almost every job interview or job application, you are likely to be asked this.
However, even if you are anticipating this question, it can be difficult to know just exactly what you should ask for in terms of salaries and wages. Here are some great tips that can help!
Conduct a salary search
A salary search is when you use a website or an online tool to try to identify what an appropriate salary for your desired position would be. Websites such as Indeed.com, Glassdoor.com, and Salary.com all have salary search features. Using these features can be very beneficial when it comes to identifying salary figures.
Take your current or most recent salary into consideration
Your current or most recent salary gives you a basic frame of reference for what your skills are worth on the job market. However, people’s skills often become more valuable over time, due to increased experienced and know-how.
So, take a look at your current or most recent salary, and account for any increased experience, training, or certificates you may have earned. These things can all make you more valuable. It is reasonable to ask for a salary that is a bit higher than your current or most recent salary.
First, figure out what the benefits are for the position if there are any
If a company is offering a substantial amount of benefits, then it is okay to ask for a slightly reduced salary. This is because the benefits can more than make up for lower wages in many circumstances.
A number of benefits that HR managers or hiring managers offer for the position can have a strong impact on your answer to the salary expectations question. Because of this, you should really try to get this information before you give your answer.
Remember, salaries often involve negotiation
Because there is a distinct negotiating phase often involved in the interview process, you should not start out with the absolute lowest number that you will take. In fact, you should start out with a figure that is significantly above this number, such as 15-25 % higher.
You don’t want to go too high, because the hiring manager may get frustrated or offended. However, you don’t want to start too low, because you may get locked into a salary you are unhappy with! So, aim to start out your negotiation with a figure that is 15-25 % higher than your bottom line.
Getting the right salary is crucial for experiencing a high level of satisfaction with your job. These tips can help you make sure that you get the salary that you deserve, and that you don’t go too low!