what is your current salary best answer

Try your best to not provide any numbers - because you want to avoid either being too high or . I feel like the responsibilities of this role are greater than my current job. Taking into account my number of years of experience and skill set, I think this is a fair salary range." "Firstly, thank you for taking the time to discuss the benefits package that comes with this job. Understand that if you offer a range, they will usually choose . How to answer the question 'What are your salary requirements?' Preparing for a job interview can be a stressful process. Answer 1: - Since, I don't have much idea about the salary offered by the company to the employees those are working at the same job profile, i wont be able to quote a figure for this job position. Usually you will get10-15% with this answer. Also, pivoting success in the interview process, initial offer, and reactions to counter offers. However, if you are asked about your current salary, be honest. In fact, I'm writing this having just finished a Zoom interview earlier today, and the interviewer asked the same question. When giving your salary range in an interview, "try to keep the bottom of your range toward the mid-to-high point of what you're looking for," Fink says. This could be the maximum compensation you think a company can pay for this position and the minimum salary you think you can settle for. It's best to always direct the conversation to your skills and the value you'd bring to the role, not what you've been paid at other jobs. Then you can answer the "salary question" in one of two ways: If your current/previous salary is/was in the range that your research suggests, simply say, politely and professionally, "My current/previous salary is/was X dollars. I would be expecting at least that and a 15 to 20 percent increase. Desired salary is simply the amount of money you'd like to make at your new job. Often the only way you will get a significant pay increase will be to change companies. Put a zero or type "No" in the field. You may be asked salary information on an application form, or be faced with a "current salary" or "desired salary" field on an online application. 5. The Answer can be given in many ways, choose the best one fits with your experiences and skills. It may be illegal for employers in some areas to ask about your salary history, but that doesn't usually mean you can't volunteer the information. 1. Tip #2: Deflect the salary question if it's asked early in the job interview. Sometimes employers will require you to fill in "current salary" before you submit. What Is "Desired Salary" as It Pertains to a Job Interview? When a potential employer asks you this question, they're expecting . Some sample answers supported to the above reasons: Sample 1: I am willing to learn more about (mention a skill or task the new job includes. 1. don't go in blind. Transparency is the best choice when salary based questions arise. Accurate or not, deliver your answer with confidence . If they say no, reply, 'you thought that would be the answer, but would never forgive yourself if you didn't at least try'. The interviewer should get the point and move on. You could offer a range. Q: "What are Your Salary Expectations?". Type a sequence of numbers like 123456 or 11111. Don't discuss salary too early 0:00 — Introduction. Rachelle's Answer "I am currently earning a base salary of $78,000 plus a car allowance of $900/month and health benefits. This is why it's important to do some research to find out what . 6. It may be illegal for employers in some areas to ask about your salary history, but that doesn't usually mean you can't volunteer the information. It is indeed okay to ask the interviewer what they are offering in return! Highlight your flexibility. The application form may contain a field for "Current Salary." You have several options: Leave the field blank. Keep it realistic. Example 3. You: Thanks for . Consider your current salary before providing a number. I'm sure this job will allow me to develop new skills and leverage my current skills and expertise. Report the . Your offer might not exceed your current compensation, or it could represent a 10-40% increase. Your answers will likely impact any job offer you may receive. Sample Answers for Salary Expectation Interview Question . To. Or, you may be asked the same question by a legal recruiter. Your CV says a lot about you ‒ including how much you're worth. When completing an application, either online or in person. When stating your current salary, be sure to know the exact annual number prior to the interview. Keep your range to less than a $10,000 difference. Provide a salary range. When you disclosed your current salary, you gave them an easy out: they just took your answer and added a couple thousand dollars. The answer you provide may be used in the screening process—answer too high and you may not be considered for the position at all. Good Answer #2. Some require you to state your pay in the cover letter or an online application to even be considered for the position . Answer 4: Right now, I am not working any where, so I can join immediately. 3 Mistakes to Avoid Providing your current salary information. As I have been working in a similar position for the past few months, I can gauge what my worth is. I feel that an annual salary between $67,000 and $72,000 is in line with the industry average and reflects my skills and experience level well. (This is not a good answer) A: #2 - "I'm sure whatever you offer will be a fair amount for a person with my qualifications. Questions 1: What are you looking for in terms of salary? 5. 3 Tips for Your Answer Do your research and prepare. Over the last 5 years, pay increases have been almost nonexistent. So let's discuss what my responsibilities would be here and then determine a fair salary for this job." Answer 3: My notice period was already completed at my previous job, so I can start immediately. That amount has nothing to do with your current salary. I like the job description, your bank, and I would be proud to have this job. Ultimately, it's best to keep your answer short, sweet, and neutral. If this is the case, explain why you're making the move, what skills you can offer the company and what you feel are the benefits of a new job and location. Karen Epp, a Senior Recruiter at Goldbeck Recruiting, suggests that candidates use a three-pronged approach to explain their current salary and the range they are looking for. 1. Firstly, let me say again how much I appreciate the benefits of this job and the flexibility. In my current company I am getting a salary of sum of Basic & Variable pay, where variable pay depends on how many hours I effectively worked for the company. Relocation. Copy. Answering questions about your salary can be a tricky topic to navigate because there are many social and professional taboos regarding discussions of money. The bad news is you probably could've gotten more if you hadn't shared your current salary with the recruiter. If you're corresponding via email with a recruiter or HR person, they may ask you about your "current salary." It can feel rude not to answer, and you shouldn't ignore the question completely.. Question: What is your current salary? Not just the existing package, you also need to know your entire background. List out your skills and experience as they apply to the position. Type in "N/A" (for not appropriate or not applicable). Follow-up stating your salary with any mitigating factors, as explained by these examples: - "and I am due for a salary review at the end of next month . One solution to avoid the "confidential" answer or to reveal your exact salary ( which could hurt the salary expectation) is to give a package revenue range : Dear XXX My current package is around 150k-200k (including salary, benefits, bonus that may fluctuate). Employers ask about your desired salary to help them find the best candidate for the lowest cost. 6. This article on how to answer expected salary question on application forms and expected salary question was updated on 12 March, 2022. You Don't Have to Answer. Or, you may be asked the same question by a legal recruiter. They can also point you in the right direction about whether to discuss it openly, turn the question on the interviewer, or deflect the question altogether. You might have to negotiate. Salary Range Questions and the Best Way to Answer Them 3 Phrases to Keep Your Current Salary a Secret from Recruiters Current Salary Versus Desired Salary (DO YOU KNOW THE DIFFERENCE?) If this makes you uncomfortable, do give as many indicators as you can. Discovery that you inflated the numbers might lead to the loss of the job offer. If you give a number that's too high, you'll remove yourself from the candidate pool, and if you put a number that's too low, the company now has leverage over you in salary negotiations.. Especially if 'competitive salary' is . Your net salary would be a considerably lower number and certainly not the one you should share. A: #1 - "I was making $60,000 at my last job, plus bonuses. Be honest. do market research, check glass door, other job sites and ask around to friends! Keep an open mind for negotiations. Try to keep your range tight rather than very wide. What is your salary expectation sample answer for fresher. I recommend the following strategies in address the salary requirement question. Discussing their current employee's average salaries. Sample Answer: Presently I am looking for a position and work exposure that finds a good fit for my interests and skills. I am looking for a competitive salary in my next position." Rachelle's Answer for an Admin Interview Best Interview Answers for Salary Questions: These are scary questions that need to be answered carefully. The most important thing is deciding how you'll answer the 'current salary' interview question beforehand. The best way to discuss your salary expectations is to use your current earnings as an example if you are comfortable doing so. It is very likely that the employer will ask you what your current salary is, it is important that you tell the truth about this, because if you don't, it might come back to bite you in the butt when you have to show the employer your . You can multiply your hourly rate by 2080 to arrive at your annual compensation equivalent. You could flip the question. Answering questions about salary requirements should start before you enter the interview room. Based on your expertise and background, your ideal salary would be $95,000. (Otherwise, we'd probably all have a desired salary of $10 million.) If the salary level is discussed and you are advised that the maximum pay level is, for example, 5k less than your expectation, then in a good humoured manner suggest you split the difference. Your Answer: "This position is not exactly the same as my last job. Always ask for a 5-10% increase to your current salary. If you're already working in the field, try setting the bottom end of the range to about 10% higher than your current salary. 7 sample answers to "What are your salary expectations" interview question. If the question comes up in your interview, simply deflect by saying you've researched the fair market value of the job in that region, and you're sure that at the appropriate time, you would be able to settle a mutually appropriate figure. Your Answer: "This position is not exactly the same as my last job. If the new offer's significantly less than your current pay, you can use the higher number as leverage in your negotiation. Keep the bottom range as close to what your ideal salary is to ensure you don't sell yourself short. Avoid these reactions when asked about your expectations, your current salary, or history during a salary negotiation or discussion: A specific salary. CTC Stands For COST TO COMPANY. We have explored the best ways to answer the salary question in an email. Here are some examples of answers you could use in response: "I'm looking for a salary between £40,000 to £43,000. "Before answering this question, I would like to understand this job position and the expected responsibilities better. Possible Answer #1 Try to understand the job role first. Share Your Salary (if It'll Help You) Hear me out. But as far as my knowledge goes, average salary for a teller in your institution starts at $33,000. Best Answers for Reason for Job Change In Interview. How to Negotiate a Higher Salary Once you've been offered a job, you can still negotiate your salary. In the reverse, if your expectations are way above the range, then this is an indication to the recruiter that you may be over-qualified.". Highlight your skills. The next best answer is to give a salary range. Answer 5: I am ready to join the work immediately, once I get selected. The Best Answer To 'What's Your Current Salary?' ¦ CNBC Make It. Example 5: Delay (Salary Range) My salary research indicated that a typical annual salary for an employee with my level of experience working in this position is between $67,000 and $72,000. Try to keep your range tight rather than very wide. The more years of experience you have and the more specific skills you demonstrate directly from the job posting, the better prepared you'll be to defend a higher salary ask. and hope for the best! Example 4: "Thank you for asking. Answer (1 of 22): I've been on both sides, especially the unemployed part, a couple of times. My answer is, "I'm immediately available", and went to explain the situation o. You can create this range based on research or your own experience in the industry. Why Employers Ask About Desired Salary. A lot of people will answer this question with a ~20% hike over their existing salary. "According to the bureau of labor statistics, the average salary for this job in well-populated cities is between $40,000 and $50,000 per year. Address any major discrepancies with your current pay level in your cover letter. Coming across as inflexible or arrogant. Until 2 months ago, I had been getting almost the full amount of variable salary, since we had a lot of projects. This question is illegal for an employer to ask in many locations in the USA (listed here). Let's say your research has shown the salaries in a similar position to range from $80,000 to $120,000. Share Your Salary (if It'll Help You) Hear me out. It will do you no good to tell the hiring manager how much you currently make or a desired salary range if you haven . For example, if the company makes you an offer of $90,000 and your current salary is $100,000, disclosing your current salary is a much better negotiation tactic than simply demanding more. The answer you provide may be used in the screening process—answer too high . Every one of my client organizations is going to want to know your current salary, and some of them will require a W-2 to prove that you were earning what you said you were. 13. Have a diplomatic approach. Employment stability in the past. Swerve the salary question. 6,591 1,104 Comments Also, other common interview questions are what is you current salary and what is your desired salary. 0:10 — Prepare stats and stories that speak directly to the job description. You need to have a salary range or minimum, a bottom line number, in the back of your head. If the new offer's significantly less than your current pay, you can use the higher number as leverage in your negotiation. However, it's likely your interviewer would prefer not to give a number first either. Now, before we dig into who to answer "what is your desired salary," let's talk about what "desired salary" even means. There's a Take a Leap Special offer for you if you're job-hunting, career-changing, looking to get ahead at your current job or ready to launch your own consulting business! It is the Salary which is the gross pre-tax salary inclusive of all components (monthly, annual, retiral and deferred payments). The same is true about your current or past salary. Remember that this question serves to help the company, not you. For example, if your most recent salary was $80,000, and the hiring manager has budgeted for a salary of, say, $70,000, it makes sense for both parties to determine at an early stage if you are likely to reach a mutually acceptable middle ground - or if continued negotiations may prove fruitless. Example 1: How to answer "What are your salary expectations" at entry-level positions? I would accept it for the start, and . Be open, and honest. However, it's a tricky one to answer because you shouldn't be the first person to give a number. If you answer this question as close to 20k, then yes, definitely, you might stand a chance to get through the salary expectation interview. This is particularly true if you have worked for the same company for 5 or more years. Think about your current salary. Here's Welch's two-step process for navigating this tricky interview question: 1. For example, if you're personally looking for $85,000 to $100,000 and your best guess of what the company has budgeted is $80,000 to $95,000, you could give a range of $92,000 to . Rather than offering a set number of the salary you expect, provide the employer with a range in which you'd like your salary to fall. Keep your answer simple, and to the point. In this case, offer them a range (plus or minus about $10,000-$20,000). Assuming your target salary is $47,000, you could say: I'm looking for a position which pays between $45,000 and $52,000 for a 35-hour work week. Know your market value Discussing salary is "the interview tightrope that everyone hates to walk," Welch says. For young professionals, the right situation and answer can make a material difference. Based upon the current economic realities, you will then know what a reasonably fair range is for a position. If this occurs, feel free to leave a brief note resembling one of the verbal responses above. Best Answer. With that said, I would expect my salary in this position to be between $30,000 and $35,000 per year. For example, if you currently make $50,000, your range could be $55,000-65,000. 2. I am, however, flexible and open to hearing about the company's compensation expectations for this position.". Don't do it . Example Answer #1: Delaying Your Answer There are many things for candidates to consider including representing themselves in the best light and also answering questions in a way that demonstrates their expertise. The other way of deciding a range could be based on your current salary and what people in the position you have applied for could be earning. The best way is to avoid answering it tactfully for as long as possible. For example, if you want to make $75,000 a year, a good range to offer would be $73,000 to $80,000. (with sample answers).] A job interview can be intimidating to a fresher, but the best way to . Current CTC . Rather than offering a set number of the salary you expect, provide the employer with a range in which you'd like your salary to fall. And if you are seeking change for other reason, just state that I am getting this much right now, I would like to see your best offer above my current salary. You are worth what a company is willing to pay you. Report the . The purpose of this question should be obvious: your prospective employer wants to know what you'd like to earn. " [This approach] gives a range and sets you up for further conversations . You may also like: Sometimes a good answer to why you're leaving your current job is as simple as the desire or need to relocate. The Best Answer to "What's Your Expected Salary?" ★ FREE DOWNLOAD: Guide to Assess Your Financial Worth: https://bit.ly/LaCivitaFinancialAssessment My salary. Access Free Answering Salary Questions On Application You may be asked salary information on an application form, or be faced with a "current salary" or "desired salary" field on an online application. If your salary expectations are way under the range, then it's an indication to the recruiter that you may be too junior for the role. Podcast with former CEO. Instead, think in terms of the total compensation: salary plus medical, dental, optical, life insurance, tuition remission, and other such benefits that you've been enjoying in your current position. It just might work. It's also the realistic amount of money you expect to make at your new job based on your level of skill and experience. "I coach people to use a three-point answer: current, minimum, and target," Epp explained. "My current salary is $40,000. But that's not really a good answer, it's a stab in the dark. You definitely know how your stability has been with your previous employers. Have a range in mind. For . 0:54 — Real-life example: A . Generally, "desired salary" refers to the dollar amount you'd like to receive in exchange for handling the job's responsibilities. Sometimes, the best answer is in what you don't say. With a professional coach, you'll learn all the best tools to confidently present your experience and value when discussing salary issues, so you get the pay you truly deserve. Answer 2: At present I am available to start work immediately. How to get hired, pass job interviews, discover jobs, advance your career, switch careers, return to the work force, negotiate sala. While I understand that this can be useful information for your company to have, I do want to emphasize my need for higher compensation. I would accept a competitive salary that best fits the industry standards. If you must give a specific number, share a range. Going in with a planned response will guarantee you have a cool head when the query crops up. To be honest, I do not focus on the salary offer. underpaid at your current job. Most HR managers use the salary expectations question as a screening tactic. . What Do You Say When Hiring So let's discuss what my responsibilities would be here and then determine a fair salary for this job." . Additionally, it can be awkward asking your boss for a raise or negotiating a. Finally, if you still don't want to share your salary information, that's totally up to you. The "what is your salary requirement" question is always a tricky and awkward one to answer. 5. You should stand your ground. Ideally, you should never share what you're currently making. I would also like to know what is expected from me while I work here. The employer will very likely want a specific number, so another strategy is to give them a number or a range. This will allow you to remain flexible while still giving the employer a clear answer. 0:37 — Tie your experiences to specific data-driven outcomes. The good news is the new offer was higher than your current salary was. Even be considered for the position experience as they apply to the loss of the verbal responses.! Not to give a specific number, share a range and sets you for. Way is to ensure you don & # x27 ; s not really a good fit my... To remain flexible while still giving the employer will very likely want a specific number, share a range they... Questions arise s likely your interviewer would prefer not to give them a number first either know your market Discussing. 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