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How to Answer ” What are your salary expectations? – TheEmployable Interview Tips.

Banding
Many companies have salary bandings for positions and where you fit within that depends very much on your experience and qualifications against their job criteria. If you are aware of the banding, you could perhaps state to the interviewer that you believe that your experience and skills merit a salary within the banding range they offer, and thereby let the decision on an actual
figure , fall back on the interviewer.

Other factors
Even if the truth is that you would be taking this job for the money only, an interviewer does not want to hear that. Therefore, when asked the “money” question, you could state that whilst you would hope to be offered a competitive salary if you were offered the position, the money is not the most important factor for you. You can then reiterate how the role itself or working for this company or developing your career are equally important. This will indicate to the interviewer that the salary is not the deal breaker and that you have other genuine reasons for wanting this job.

Bottom Line

If you are unable to commit to a specific salary, many interviewers will try and pin you down further by asking you what is your bottom line; what is the minimum you are willing to accept for the role. You should of course know your own personal budget and circumstances and what you need to earn. Whether you choose to divulge this exact figure to the interviewer is of course a personal one. Many candidates will add 10-20% on to the figure they need, simply so that in case the interviewer tries to negotiate on salary, they still have a little bit of leeway.
If you don’t want to reveal your bottom line, you could simply state that you have a figure in mind, however would like to hear what they are prepared to pay , based on your skills and experience.

We would love to hear from you with any tips for answering this question. Feel free to let us know via the comments section below. Why not Sign up for our free newsletter for more top tips and articles…

Still feel that you need more interview advice? Check out Anson Reed, specialists in online interview training and 1-2-1 Interview coaching

 

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Discussion

6 Responses to “How to Answer ” What are your salary expectations? – TheEmployable Interview Tips.”

  1. If only we lived in a world in which a job interview could be an honest exploration of what both parties (interviewer and interviewee) are looking for, rather than something akin to a complicated medieval courtly ritual in which nothing is exactly what it seems. Since that day will, sadly, probably never come, it is good to have tips like this on hand. Thanks Alastair.

    Posted by David Nolan | May 15, 2012, 9:10 am
  2. I’m considering getting a good chair that can address my lower back pains. Any kind of recommendations?.

    Posted by Click here | July 24, 2012, 7:16 pm

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