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This question sounds simple and straightforward, but the
question relating to salary is one of the most complex interview questions to
answer. This question helps you to explain how you value your own
work because HR managers ask this question to identify if the company can
afford you. They would prefer a candidate with reasonable and minimum
salary expectations. Most HR managers use the salary expectations question as a
screening tactic. Being, transparent about your current pay and what you hope
to make sets you up to be screened out of the interview process if your
expected salary is too much.
On the other hand, a number “too low “undervalues your
work and potential, and keeps you dissatisfied at the later stage of your
employment. In these cases, bite the bullet early and tell the truth. It's
better to be straightforward while telling your expectation. The upside is that
being straightforward with recruiters will also keep you on their radar when
there is an opportunity that meets your salary requirements.
If you don't want to tell your expectation or if you
are fresher, then One good tactic is to say that you want to learn more
about the job first, before you think about the salary that would go with it.
One more interesting thing about this question is, it
usually indicates that there is some interest in having you come to work for
the company. This is the time to open your mouth, but before you need to
take a deep research on market value (Payscale.com /Glassdoor.com/
Salary.com) to understand the market salary range for the position or how
much they are offering to other candidates. Interviewers ask this question to
ensure that they can afford you before handling a job agreement paper.
So, before you reach the point of salary negotiations, sell them on you,
and convince them of your worth to their organization.
While answering salary related question, you shouldn't delay
in giving your answer. If you do so, then you’re letting the hiring manager
know that they’re getting a tough negotiator if they hire you. Experts suggest
that you give a salary range, rather than an actual number.
Note - General Tips:
Put yourself in a salary range that is neither below nor
above the range.
Know the Salary Range as soon as you plan to take the
interview for the particular position in a particular company.
Take a deep research and know what the market rate will be
for the job.
Get to the point with a statement like this: “I’m currently
making $450,000, and I’m looking to make 10% to 15% more.”
Show that you are ambitious and want to grow and move up
along with the company.
Sell them on you, and convince them of your worth to their
organization.
The Answer for Fresher: Since I am fresher, I am
looking for a position and exposure that finds a good fit for my interests and
skills. I would accept a competitive salary that best fits the industry
standard.
The Answer for Experienced: Based on my past experience
and market research, I believe that a range of 55-65 k per month would be a
suitable number for the job role.
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