As crucial as it might be to prepare for talent, skill, and behavioral-related questions during job interviews, it’s just as important to ready yourself for the question about pay too. Answering “what is your expected salary?” the wrong way may disqualify you from consideration for the role.
Nobody likes to talk about money though. All the more when there’s a need to negotiate. You don’t want to ask too high and price yourself out of the position. Neither do you want to ask too low and end up selling yourself short.
What interviewers want to know
When an employer asks about your expected pay, it’s usually because they’re checking:
If you fit into their budget
Most recruiters need to know if they’re capable of meeting your demands or not. They don’t want to invest time and resources courting you when they actually can’t afford to hire you.
If you know your worth
They’re trying to see how you value your own work. They’re assessing if you’ll meekly accept whatever they offer or boldly ask for what you believe you deserve.
If you provide a bargain
Due to their specific industry or needs, some companies place a bigger premium on certain positions than others. They ask to learn if their going rate matches the average that most applicants are requesting.
If you have the experience
Oftentimes, an applicant who seeks a much higher amount than others is overqualified for the role. Alternatively, someone answering on the low end might indicate a lack of experience than required.
How to respond to “what is your expected salary?”
You may be wondering what the big deal is about an inquiry on “what are your salary requirements?” Even so, it gives candidates a great amount of stress. It changes the atmosphere of a conversation from hot to cold when there’s a difference in the amounts.
There are numerous strategies for answering interview questions about your salary expectations. The key lies in doing your homework beforehand. Here’s what you need to do:
Research the trends
The question of “what is your expected salary?” may come up as early as the initial phone interview. So prepare your answer the moment you send in your application. You’ll need to do your research for that so refer to reputable sources on industry-specific wages.
For instance, Indeed – the job website – states that the average base salary for an accountant in the Philippines is 29,259 PHP per month. Meanwhile, Paylab reveals that average gross monthly salary for a graphic designer in Nicaragua ranges from 5,805 to 13,887 NIO. These should let you know how much is reasonable.
It’s also a good idea to talk to other professionals in your field to have a better idea of the general market value of a position. Sometimes, companies include the possible salary a candidate might receive on the job listings, so look for those as well.
Provide a range
When you speak too early about pay, you give the impression that you care only about the money. But this doesn’t stop employers from asking about your wage requirements during the initial contact. In this case, give a salary range of what you’re comfortable with instead of a specific amount.
Maybe you can input the word ‘negotiable’ into the form though it makes you appear evasive. It doesn’t help the hiring manager know what your minimum or maximum amount is. If you researched the trends as suggested above, you’d know what sounds fair.
Phrase your answer like this: “From what I know about the position, I believe somewhere around [this] and [that] is reasonable for someone with my qualifications and experience.” Not only does it leave room for negotiation but also adjustment when you learn more about the role.
Turn the question around
If a client doesn’t discuss the position in detail yet, rest assured that they can’t demand a more definite answer for “what is your expected salary?” either. It’d be rude to refuse to answer so consider turning the question around diplomatically.
Explain that you’d like to know more about the responsibilities of the role before you talk about the pay. Ask what salary range they’re offering for the position to find out if it’s in the area you were considering or higher.
If the amount is a little less than your ballpark figure, say that it’s lower than what you were hoping for but that you’d still like to know more. They might be willing to adjust the pay to meet your standards if they believe that you’re the perfect hire.
Be more specific now
Recognize when it’s time for you to commit to an amount – like perhaps the second interview. By this time, you should’ve learned all you can about the company, the team, and the job’s duties. When the recruiter asks “what are your salary requirements?”, be ready to give an exact amount and not a range.
Consider all that you’ve learned during your research and the interview process. Evaluate if the assignments and stress levels are what you expected when you sent in your application. Check if the culture, benefits, bonuses, and perks are worth the compensation package.
Make sure to frame your answer in a positive manner while citing the points you think are relevant. For example: “Given that this is a big job, I’m thinking [X amount]. I’m excited to take on this challenge and believe that I can deliver the results you’re looking for.”
Be honest as possible
Regardless how badly you want the job or a higher income, never exaggerate your skills, experience, or accomplishments. This applies to your resume, cover letter, and interview answers. The truth will reveal itself later on and you don’t want to be called out for lying.
Most companies do background checks and skills tests where they’ll know if your application matches with who you are in real life. They may even call your professional references or previous employers to cross-check facts so choose to be honest.
Be truthful about your past or current salary as well. If you’re uncomfortable about talking about how much you were paid in other jobs, redirect the conversation to the value you bring to the job or the skills you have in your arsenal.
What comes after settling on an amount
If you’ve been given a job offer with a compensation package that meets your expectations, remember to thank the employer and ask for time to think about it. It’s easy to get overly excited about the role and end up regretting it so always make an informed decision.
Should you decide to take the job, ask to have everything in writing to avoid any misunderstandings in the future. Verbal agreements won’t guarantee that you will receive the benefits and perks that were promised, after all. Have the contract signed by the recruiter and another person in authority.
Once that’s taken care of, express your enthusiasm to join the team and work with each other to meet the goals of the company. Do your job well to show the employer that they made the right choice in hiring you.
Where to find a remote job
Learning how to answer the question “what is your expected salary?” won’t magically turn you into a sought-after candidate. However, it does make you more appealing to clients who have bothered to contact you after you’ve sent in your application. You just have to keep the conversation going from there.
Are you wondering where you can put into practice the things you’ve learned in this article? Find an online role to apply for today. Remote Workmate is the right place for you to search for opportunities you’re suited for.
and practice salary negotiation in interviews.
To help you build a high-performing team for your startup, here are the different characteristics that you should look for in candidates for when hiring.
The Global PVC Window Profile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on type and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global PVC Window Profile Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/53045-pvc-window-profile-market-reportThe report also covers the complete competitive landscape of the global PVC Window Profile market with company profiles of key players such as:Alphacan SpAAluplast GmbHDeceuninckEpwin GroupEurocellPiva GroupProfine GroupRehauSalamanderSchucoVEKASEGMENTATIONS IN THE REPORT:By TypeTurn & Tilt WindowsSliding WindowCasement WindowOthersBy ApplicationResidentialCommercialBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global PVC Window Profile Market @ https://www.decisiondatabases.com/contact/download-sample-53045The Global PVC Window Profile Market has been exhibited in detail in the following chapters –Chapter 1 PVC Window Profile Market PrefaceChapter 2 Executive SummaryChapter 3 PVC Window Profile Industry AnalysisChapter 4 PVC Window Profile Market Value Chain AnalysisChapter 5 PVC Window Profile Market Analysis By TypeChapter 6 PVC Window Profile Market Analysis By ApplicationChapter 7 PVC Window Profile Market Analysis By GeographyChapter 8 Competitive Landscape Of PVC Window Profile CompaniesChapter 9 Company Profiles Of PVC Window Profile IndustryPurchase the complete Global PVC Window Profile Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-53045Other Reports by DecisionDatabases.com:Global PVC Modifier Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Polyvinyl Chloride (PVC) Resins Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Polyvinyl Chloride (PVC) Films Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
The Global Polyvinyl Alcohol Fibers Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on product type and application.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Polyvinyl Alcohol Fibers Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/52885-polyvinyl-alcohol-fibers-market-reportThe report also covers the complete competitive landscape of the global Polyvinyl Alcohol Fibers market with company profiles of key players such as:Anhui Wanwei Group Co., Ltd.E.
I. du Pont de Nemours and CompanyEastman Chemical CompanyKuraray Co. Ltd.Nippon Synthetic Chemical Industry Co.Sekisui Chemical Co. Ltd.Sinopec Sichuan VinylonSEGMENTATIONS IN THE REPORT:By Product TypeFilament FiberStapleOtherBy ApplicationCement AdditivesTextileNon-Woven FabricBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Polyvinyl Alcohol Fibers Market @ https://www.decisiondatabases.com/contact/download-sample-52885The Global Polyvinyl Alcohol Fibers Market has been exhibited in detail in the following chapters –Chapter 1 Polyvinyl Alcohol Fibers Market PrefaceChapter 2 Executive SummaryChapter 3 Polyvinyl Alcohol Fibers Industry AnalysisChapter 4 Polyvinyl Alcohol Fibers Market Value Chain AnalysisChapter 5 Polyvinyl Alcohol Fibers Market Analysis By Product TypeChapter 6 Polyvinyl Alcohol Fibers Market Analysis By ApplicationChapter 7 Polyvinyl Alcohol Fibers Market Analysis By GeographyChapter 8 Competitive Landscape Of Polyvinyl Alcohol Fibers CompaniesChapter 9 Company Profiles Of Polyvinyl Alcohol Fibers IndustryPurchase the complete Global Polyvinyl Alcohol Fibers Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-52885Other Reports by DecisionDatabases.com:Global Nanofibers Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Glass Fibers Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Optical Fibers Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
The new report on the Cutlery market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2015 – 2019.
The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Cutlery market.The novel Coronavirus (COVID-19) has caused a slowdown in business activities of the Cutlery Market.
With the help of our upcoming report, market players can gain important insights on alternative strategies that can help in revenue generation.
The leading factors that are likely to impact the growth of the Cutlery Market over the assessment period are thoroughly analyzed in the report.Request for Sample Report with Statistical Info @ https://www.factmr.com/connectus/sample?flag=S_id=5201To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions.
The key regions comprise the following geographical segments:North America (U.S., Canada)Latin America (Brazil, Mexico, Argentina, Rest of Latin America)Europe (Germany, Italy, France, U.K., Spain, Benelux, Russia, Rest of Europe)East Asia (China, Japan, South Korea)JapanAPEJ (China, India, Indonesia, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific)South Asia & Oceania (India, Thailand, Indonesia, Malaysia, Australia & New Zealand, Rest of South Asia & Oceania)Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of Middle East & Africa)The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas.
Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets.
