Don't use the tired line, "My salary is negotiable. Don't worry about being screened out of a job. If you know your worth, you don't want to settle for less.
Now, start writing your cover letter!
Moreover, if you're a finalist, the employer will work with your numbers to ensure you feel the negotiation is win-win. Expect that the employer has a salary range in mind based on what the company pays to people currently in similar roles, as well as what they know about the pay scales of their competitors. Information is power -- and currency -- in all negotiation situations. The more you know about the company, the industry and the position, the easier it will be to provide a competitive and appropriate salary range. Start with the general and move to the specific.
Research your industry's salary surveys and visit salary-related websites to find out what someone makes with your level of experience, education and within your geographic area. Use social media to reach out to people who know the appropriate range. You might find the person who recently held the position, or find that you have a connection to someone in the company. Ask for an introduction and get the information you need. When asked for a range, indicate the extensive research you undertook to provide your salary requirements.
Give yourself room to grow. Remember, the increases you receive are based on your initial salary. A good rule of thumb is to keep the lower end of your range at least 10 percent above your current salary, or the number you determine is a reasonable salary for the position. Be sure that the bottom of the range is the lowest amount you're willing to accept. You are free to make the range as large as you like, but you might not want to appear as though you're making too much of a concession in the final salary negotiation.
Your current salary is nobody's business but your own. Do not volunteer this information or use it as part of your range discussion.
How To Answer "What Are Your Salary Requirements?" - Zippia
Look at it this way: the prospective company should consider your current salary as almost irrelevant. Your desired salary is a function of the value you bring, the problems you can solve and what the prospective employer can pay. You also might determine from your research that you were -- or currently are -- under-compensated. Learn as much as you can about the position and compare salaries with other companies and similar job titles.
What Is a Cover Letter?
Give a Range. After researching reasonable salaries, consider giving a range rather than a specific number. Giving a range as your answer gives you some flexibility, while also keeping you from being offered too low of a salary or being kicked out of the hiring process for expecting too much.
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- 2. If you are asked to include a salary requirement, you can follow the same rule:;
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- Research Appropriate Salaries;
Aim High. In your range, you should include as high of a salary as you can justify based on your education, experience, and skills.
But let them know that your salary requirements are flexible — this will help keep you in the running for the job and will help when negotiating if you end up getting a job offer. Remember that there are several things that go into compensation, like benefits and opportunities for growth. Stating that your salary requirements are flexible will give more room for negotiation later on if you end up getting the job.
However, if the employer gives specific instructions on how to include salary information, you should follow the rules. If you lie about your salary history, your potential employer could easily check in with your previous employers. Lying is a good way to get screened out of the hiring process.
How to Answer: What Are Your Salary Expectations?
If the employer asks for your salary requirements in a different way, remember to follow their directions. You can give your salary requirement in your cover letter by stating something along the lines of:.
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- Resumes and CVs.
Try to keep your salary requirements brief, so that the employer can spend more time focusing on your cover letter and your application. If you are asked to give your salary requirements, you could ignore them, but then you might not even get the job. Start with a High Number. Determine the highest reasonable salary you can justify and focus on that. Giving too low of a salary requirement could make a potential employers see your flaws instead of your strengths.