Video:How to Determine a Salary Requirement
with Milo De PrietoFiguring out how much salary to ask for at a future job is a tenuous situation. In this job search video from about.com, learn tips for determining how much salary you should asking for.See Transcript
Transcript:How to Determine a Salary Requirement
Hello, I'm Milo for About.com and today we're talking about how to determine a salary requirement.
When applying for a job it is not uncommon for the potential employer to ask for a salary history or expectation. Here's how to answer the question with some tips on how to mention your flexibility. These tips come from our outstanding site on Job Searching and you should check there for more detailed information.
Answer Salary History Questions
If an employer asks you for a salary history ignoring the question can be detrimental. Answer the question and definitely be honest. A good idea is to include a salary range, which accurately reflects your promotional history. Either way, honesty is the best policy as it forms part of your first impression.
Research Salary Requirements
Employers may ask your salary requirements or expectations. Be prepared by researching your cost of living requirements, accurate salary ranges for your field and region, and carefully considering what it takes to achieve the lifestyle you expect. Check out our Job Search site and videos on how to do this.
State a Salary Range or Mention Flexibility
When answering the salary requirement question, you can either give a range, or as our guide instructs, “say that your salary requirements are negotiable based upon the position and the overall total compensation package, including benefits.” This statement of flexibility still gives you the ability to negotiate without giving up your leverage. Both this and a range can be helpful.
Consider Offering the Information
Putting your salary history, expectations, range, and flexibility statements in your cover letter or on your resume is also a possibility. It can start off the negotiating process well if you are in a strong position, it is typical in your field, or you want potential employers to understand your position right off the bat.
For more helpful and excellent information on career and job hunting, check us out at About.com.