Mastering Salary Expectations: A Guide for Job Interviews
Job InterviewsYour interview couldn’t be going any better. You’ve successfully got through all the tricky questions, bridged your employment gaps and left a great first impression on the hiring manager. You’re about to say your ‘goodbyes’ and ‘thank yous’ and head out the door when they suddenly ask you: ‘What are your salary expectations?’.
Your heart starts pounding, your mouth suddenly falls into your lap, and you’re left with no idea how to answer. If you aim too high, you might miss your chance of securing the job. If you aim too low, on the other hand, you’ll only undervalue your skills and experience, which does no one any favours.
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Strategies for Answering Salary Expectation Questions
#1. Deflecting the Question Gracefully
If you’re unsure about the employer’s budget, consider deflecting the question politely. For example: “I’m open to discussing salary once I have a better understanding of the role and responsibilities.”
#2. Providing a Salary Range
Offer a range rather than a specific number. For instance: “Based on my research and experience, I’m looking for a salary between $50,000 and $60,000.”
#3. Explaining Your Value to the Employer
Justify your expectations by highlighting your skills, achievements, and how they align with the role’s requirements. For example: “Given my expertise in [specific skill] and my proven track record in [specific accomplishment], I believe this range reflects my value.”
Common Mistakes to Avoid When Discussing Salary
#1. Being Too Vague or Overly Specific
Avoid saying “I don’t know” or giving an unreasonably high figure. Instead, provide a well-researched range that leaves room for negotiation.
#2. Undervaluing Yourself
Don’t settle for less than you’re worth. Undervaluing yourself might lead to dissatisfaction later.
#3. Discussing Salary Too Early
Wait for the employer to bring up salary discussions, preferably after you’ve had a chance to demonstrate your value during the interview.
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Final Tips for Salary Conversations in Interviews
Stay confident and professional throughout the discussion.
Focus on your value and how it aligns with the company’s goals.
Be prepared to negotiate other benefits, such as flexible working hours or additional vacation days, if the salary doesn’t meet your expectations.
By preparing in advance and handling salary discussions strategically, you can position yourself for a fair and satisfying compensation package.
Read Also: Good Questions to ask Recruiters in a Job Interview