SALARY REQUIREMENTS Interview Questions :-
1. What should we do during the interview when asked about the salary requirements?
In an interview, postpone answering the question by focusing on asking the interviewer for more details about the position and scope of responsibility. You should try to determine which goals you are responsible for, whether you are bringing in revenue, if you are doing something that is never been done before, whether you have direct reports or manage a budget and any other information that may influence compensation.
2. What are the things to consider when interviewer keeps pressing you for the salary requirement?
If the interviewer keeps pressing you for a number, here are a few things to consider:
- Similar to doing market research before writing down a salary expectation on a job application, you want to do your homework for interviews as well. In particular, look up salaries at the company you are interviewing for. To name a few, provide detailed information on salaries for either the exact position you are interviewing for or comparable positions.
- What is the total compensation package? Try to find this information out before giving your salary expectations. Compensation is more than salary and you may find that you would rather focus on negotiating more vacation days or a flexible work arrangement than your paycheck.
- Typically in an interview, you can and should provide a range instead of an exact number. But again, do not say any numbers you are not comfortable with because if the employer offers you a salary at the lowest end of your range, you do not have much to negotiate with when it comes to getting a higher salary.
- Do not be too stubborn or cagey at this phase of the interview process. It may communicate to the interviewer that you are too much of a hassle to be bothered with. Instead be confident but flexible until you reach the stage where an offer has been made. By then you will know what is most important to you and what you can leverage to get your ideal compensation package.
3. Tell me why do the interviewers always ask about the salary requirements?
Most often, the simple reason is that employers want an easy screening device to help sort applicants and those applicants with a salary requirement too low or too high are discarded. Other times, the employer is looking to save money by hiring a job-seeker at the low end of a salary range. In either case, it is not really fair to the job-seeker. With a salary history, employers also want to see frequency and size of raises and promotions.
4. What is the most important thing you can do to avoid the question about salary requirements?
The most important thing you can do is delay the compensation conversation as long as humanly possible so you have time to build a rapport with your interviewers, monetize what you can do and how you can personally affect the bottom line at the company and move them from what Chapman describes as the budget state of mind to the judge it mindset.
5. What are the three numbers you would have after researching on salary requirements?
Once you have done the research, come up with three numbers:
- What is the ideal dollar amount you want (and still have the recruiter take you seriously)?
- What dollar amount (given the going rate) is reasonable and would still make you happy?
- What is the lowest dollar amount you would accept?
6. What do these numbers do after researching about the salary requirements?
These three numbers make up the compensation range that is in alignment with the going rate for your targeted role and that would make you happy. If you are forced to state your salary requirements upfront, use the researched number you found to be the fair market value (the same goes for an online application that demands a numeric response).
7. List some phrases which you can use to deflect questions about salary requirements?
Here are a couple phrases you can use to deflect questions about your salary requirements:
- I am sure we can come to a good salary agreement if I am the right person for the job, so let us first agree on whether I am.
- I have some idea of the market but for a moment let us start with your range. What do you have budgeted for the position?
8. What is the rule of salary negotiation?
The first rule of salary negotiation is to avoid discussing numbers until the company has extended an offer. This is when you have the most power to negotiate but as any job seeker will tell you, this is no simple feat. Recruiters typically try to pull this information out of you as early as the initial phone screen, if they did not already request your salary requirements as part of the application process.
9. Can applicant should give volunteer information about his salary?
Whenever possible, do not volunteer information about your salary history or your salary expectations or requirements in your cover letter, resume or during a job interview. Information is power in job-hunting and your goal should always be to hold on to your power as long as possible by delaying discussions about salary as long as possible.
10. Tell me about a few strategies to respond to salary requirements?
There are a number of strategies, each with its own level of risk:
provide your salary requirement. Provide the employer with what the company wants, but realize that you run a strong risk of being screened out if you are too far above or below the range the employer has in mind for the position.
Ask for a wide salary range. Even with some basic research, you should be able to determine a salary range for the position. As long as part of your range overlaps with the employer’s range, you should be okay. But what if your highest amount matches their lowest amount? Yup, you will be stuck at the bottom of their pay scale. But, assuming you give a range that is acceptable to you, you should be okay. It may be better to state something like, “a salary in the mid $40’s.”
state that you expect competitive or fair compensation. Put the ball back in the employer’s court by informing the company in your cover letter that you expect a competitive salary. The danger? If the employer doesn’t offer a competitive salary — or is a stickler for having an actual salary request — you’ve eliminated yourself from being considered for the position.
Express your salary flexibility. Similar to the last strategy, simply state in your cover letter that you are flexible about salary. The danger is again not providing an actual salary request — and that alone could eliminate you from consideration for the position.
state that you would prefer to discuss salary in an interview, but make sure to add that you don’t think salary will be a problem. The danger is again not providing an actual salary request — and that alone could eliminate you from consideration for the position.
Give your salary history. Ignore the request for a specific amount and simply show your salary history with the idea that your next job offer should be reasonably higher than your current salary. The problem here is that you have not provided the information the employer seeks, and you may be eliminated.
Ignore the salary request. Many people believe that employers have no right making a salary request so early in the process and simply ignore the request. The most likely occurrence? If you ignore the request, your application will most likely be ignored as well.
11. Tell me about the compensation beyond salary?
It is often easier said than done but you should sometimes look beyond the salary number and examine the total compensation package. It is possible the better job offer is not the one with the highest salary. See comparing two or more job offers.
12. Can you tell me what is demand for job-seekers in terms of salary requirements?
If there is a glut of job-seekers with essentially the same skills and experience that you have, you can expect salaries to be lower than if similar job-seekers are in short supply.
13. Tell me what is industry of the employer in terms of salary?
Salaries can range based on the industry of the employer. For example, companies in a service industry such as tourism often pay less than companies in a manufacturing industry such as technology.
14. Do you know about the geographic location in terms of salary?
The cost of living varies dramatically in different parts of the country. For example, it costs much more to live in large cities than it does in small ones.
15. Tell me what is a career path?
Regardless of what you have been paid in the past, spend some time reviewing industry reports of salary ranges for people following your career path and especially those in the position you are seeking.
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16. What do you think how much your salary should be?
Let us talk about the job requirements and expectations first, so I can get a sense of what you need. That is a soft answer to a soft way to ask the question.
17. Tell me about the on job applications?
Applications are tough because there is no way to skirt the question and if you leave it blank, some employers may not even consider you. In this case, it is always best to write something down.
18. List some factors for determining your worth?
Some factors to determine your worth are given below:
- Your career path
- The industry of the employer
- The geographic location
- The demand for job-seekers
- Compensation beyond salary
19. Why would you not tell us your salary requirements?
I think you have a good idea of what this position is worth to your company, and that is important information for me to know.
You can see the pattern, right? If you think you sound obnoxious or obstinate by not answering the question, think of how he/she feels asking the question more than once.
20. List a few tips about the on job applications?
A few tips about the on job applications:
- Consider how competitive the market is for your skills and let that inform the number you put down. If the market is saturated then you do not have as much to leverage. Do your research to understand how in-demand your skills are and what the typical compensation package looks like.
- Look at your current salary and typical salary progression for the industry you are in. If you are switching industries, look at the progression within the new industry. You may have to aim lower or higher depending on what you are looking to transition into.
- Determine your walk away number and put down a salary 10-15% higher. That way, you know you will be okay with the lowest salary offered to you.
- If there is an opportunity to list a range, do so but make sure the lower end of the range is a number you’re comfortable with.
21. What would happen if the interviewer asks about your salary requirements two to three times?
You can see the pattern, right? If you think you sound obnoxious or obstinate by not answering the question, think of how he feels asking the question more than once.
Also, by the time the interviewer has asked two or three times, the interviewer will know that hiring you means having a tough negotiator on his team is another reason to make you a good salary offer.
22. I would like to know what is your range which you want when it is about salary?
I would appreciate it if you could make me an offer based on whatever you have budgeted for this position and we can go from there. This is a pretty direct response, so using words like “appreciate” focuses on drawing out the interviewer’s better qualities instead of his/her tougher side.
23. What are your expectations about your earnings in terms of salary?
I am interested in finding a job that is a good fit for me. I am sure whatever salary you are paying is consistent with the rest of the market. In other words, I respect myself and I want to think I can respect this company as well.
24. How much had you been earning monthly from your previous job?
This position is not exactly the same as my last job. So let us discuss what my responsibilities would be here and then determine a fair salary for this job. It is hard to argue with words like “fair” and “responsibilities”, you are earning respect with this one.
25. What does salary requirement mean?
It is one of those questions on a job application that is difficult to respond to. Rarely does an online application give you an opportunity to say that you are willing to negotiate your compensation and benefits package.