ACAP TIP OF THE DAY: Be ready to answer what are your salary requirements? A businessman once told me that the first person to name a number in any negotiation—from haggling over the price of a car to salary negotiations—is the loser. So this question is definitely a difficult one. But on the other hand, it is important for you and the interviewer to know that you are on the same page financially. So how to answer? Wrong answer: Giving a specific salary amount is generally a bad idea before you have received a job offer. In particular, you do not want to disclose how much you are currently making and use that as a benchmark for how much you’d like to make: “I earned $40,000 in my last job and I’d like to get at least $45,000 to $50,000.” This is a mistake because you do not yet know what your job requirements will be. You could either be low-balling your worth, in which case you could land the job but earn less than you could have, or you could be pricing yourself out of their range, even though you might be willing to earn less in order to work for that company. Right answer: If possible, defer this conversation until after you either have a job offer, or you are in an interview that includes Human Resources, which indicates that a job offer is probably forthcoming. To defer, you can tell the interviewer that you would be open to a discussion about fair salary expectations further along in the interview process. If pressed, go ahead and name a range of figures, rather than a specific dollar amount, and base that range on research into the salary expectations of your field. For example, you might say, “I know that programmers can earn between $50,000 and $60,000 per year in this area, and I think a fair and competitive number for both of us could be found in that range.” Read more goodfinancialcents/common-interview-questions-and-how-to-answer-them/
Posted on: Sun, 22 Sep 2013 14:00:01 +0000
Trending Topics
Recently Viewed Topics
© 2015