How to Answer “What Are Your Salary Expectations?”
Harvard Business Review・2 minutes read
In job interviews, discussing salary expectations is key to setting the foundation for future compensation decisions. Strategies like redirecting the conversation or offering a salary range based on research can help navigate this sensitive topic effectively.
Insights
- Researching salary ranges on platforms like Glassdoor and Salary.com is crucial to determine a fair range for a position and showcase realistic salary expectations.
- Offering a salary range during an interview, backed by research, can demonstrate flexibility for negotiation, provided with a rationale, interest in additional benefits, and enthusiasm for the role.
Get key ideas from YouTube videos. It’s free
Recent questions
How important is discussing salary expectations in a job interview?
Discussing salary expectations in a job interview is crucial as it lays the groundwork for future compensation decisions. Hiring managers inquire about salary to ensure they can afford you and to establish a mutual understanding regarding the role's salary and benefits. It is essential to handle this topic tactfully to set the stage for a successful negotiation process.
What are some strategies to handle salary expectation questions in interviews?
Two strategies to handle salary expectation questions in interviews include redirecting the conversation by asking about the budget or focusing on qualifications to avoid giving a specific number. Another strategy is to offer a salary range based on research to demonstrate a realistic expectation and signal flexibility for negotiation. These approaches can help navigate the discussion effectively.
How can researching salary ranges assist in determining a fair expectation?
Researching salary ranges on platforms like Glassdoor and Salary.com can be beneficial in determining a fair range for the position. By exploring industry standards and comparable roles, you can gain insight into what is reasonable to expect in terms of compensation. This information can empower you to negotiate confidently during the interview process.
What should be considered when sharing a salary range in an interview?
When sharing a salary range in an interview, it is important to provide a rationale for your expectations, express interest in other benefits beyond salary, and show enthusiasm for the role. By articulating your reasoning and showcasing your enthusiasm, you can convey your value while remaining open to negotiation and discussion of additional perks.
How can sample answers help structure responses regarding salary expectations?
Sample answers can help structure responses regarding salary expectations by emphasizing qualifications and experience while leaving room for negotiation and discussion of benefits. By reviewing and practicing sample responses, you can refine your approach to discussing salary in interviews, ensuring that you present yourself in a confident and professional manner.
Related videos
The Companies Expert
What are your Salary Expectations? | Best Answer (from former CEO)
Perminus Wainaina
How To Answer What Are Your Salary Expectations
Corporate Staffing Services Kenya
Do you have Any Question for Us? Interview Question
Self Made Millennial
10 Best Questions to Ask an Interviewer - Job Interview Prep
Harvard Business Review
38 Smart Questions to Ask in a Job Interview: The Harvard Business Review Guide