Have you been wondering how to address the question “What is Your Salary Expectation” in an interview session? Then you are in the right place. Kindly keep reading.
The truth is, you`re doing well during an interview if your employer asks you the question “what`s your salary expectation”. But this question can put you on the spot if you didn’t really expect a question of this sought.
We employers would usually ask you this question to see if we can afford to hire you and also see if you value your efforts working for us.
Giving a direct answer is never a good idea. When an employer asks, “What are your salary expectations?”, don’t go like, “XXX cedis per month would be okay”. You seem rude if you answer this way.
You risk your complete effort in the interview if you talk like that. Be honest but don’t take it straightforward.
The ready-to-use explanations below will help you shape your answer better.
- Do a prepare research about the job and how much it pays its workers.
- If you know a worker or have a friend in that organization, you can ask about an opinion of how much that position would pay.
- Don’t search on google about salaries, you would make wrong analysis.
- Know the role at hand too.
1. Delaying Response
You essentially avoid answering this wage question by giving them a specific response up front and saving the compensation information for later in the interview.
“I would like additional details about the present position and what the job responsibilities are before I settle on a wage range. Could you perhaps elaborate on the prerequisites for this position?”
Why we like it: This response leaves room for future talks by not positioning you too high or too low. In doing so, you demonstrate your increased interest in the role and your goal of reaching an informed conclusion.
2. Starting a range for negotiation
Some job searchers choose to offer a fair salary range in order to maintain the possibility of additional discussions.
“Throughout my time as a marketing representative, I’ve done a lot of research and discovered that the going cost for jobs that are comparable to this one at XYZ Company is often between 40,000 Cedis and 60,000 cedis per year.”
Why we like it: By selecting a pay range, you’ll have some leeway when it comes time to settle on a final figure. In this manner, you avoid underselling yourself while also not scaring off potential employers with an excessively high number.
3. Expand on Other Expectations for Compensation
Many workers in today’s sectors have interests beyond money. Benefits and other compensation strategies are also an option.
“I try not to pick a precise number when it comes to salaries since I consider the complete compensation package while choosing a job. Can you elaborate on any additional perks or pay that you provide to your staff?”
Why we appreciate it: This response demonstrates to the hiring manager that you take a position’s salary into account in addition to other factors. Excellent health benefits, stock options, pension contributions, and additional employee bonuses are all possible forms of compensation.
4.Give a Bold Response
Sometimes job seekers are certain of their abilities in the workplace and the money they want. If this confidence doesn’t come across as arrogant, it may be helpful during pay negotiations.
“I have over 15 years of prior experience in the customer service sector, and I think the XYZ Company team will benefit from my present skill set and talents. Additionally, I’m looking for a salary of roughly 45,000 cedis per year, which is competitive with other candidates in the market right now.”
Why we enjoy it: This response informs the employer of your senior level of experience and that you have specific compensation needs. Asking for what you want with confidence demonstrates your sense of pride.
5. Talk about the current market’s wage trends.
Whether you are in the first, second, or even third interview with a company, you should be prepared for some negotiations. Bringing up industry salary trends could result in a more appealing offer for you.
“I discovered when investigating local businesses that the average wage for comparable professions in the regional shipping and receiving industry ranges from 35,000 cedis to 65,000 cedis. Could you explain how your business fits into this normal range for the sector?”
Why we like it: When negotiating a salary at a new job, it will be important to know your worth and what comparable companies pay their employees. The aforementioned sample response asks the prospective employer to provide you a rough estimate in case you need to adjust your expectations from
6.Offer No Fixed Salary
Some entry-level positions don’t require any prior experience, and the applicant will accept a position regardless of pay. So even if you don’t want to come across as desperate, you can still give a general response .
” I am aware that the pay given will be appropriate for the position. Although I don’t have a specific salary in mind, I’m confident that your business would pay fairly for this position. Additionally, I feel comfortable discussing how the staff at ABC Company can profit from my most recent educational background.”
Why we like it: This answer has the job candidate coming across as reasonable and puts trust in the employer for a fair salary without seeming desperate for a job.
7. Discuss the use of flexible scheduling
Sometimes hiring a candidate full-time is out of the question even when companies adore them. Flexible work arrangements as a countermeasure may enable both parties to reach an accommodation.
“I’m seeking for a job with an annual base pay of roughly 60,000 cedis. I am open to a flexible work schedule or alternative remote workdays as an option if it is a fantastic fit for everyone if that is outside of the company’s present budget.”
Why we enjoy it: It can improve the employer’s budget and make the position more desirable with a better work-life balance to respond with a number that is open to negotiation and the possibility of fewer hours worked or remote choices.
8. Asking about the position’s budget at the company.
In order to respond to this inquiry, I need to know how much you previously paid the worker who held this position.
Were his or her credentials and experience comparable to mine? Using this information, I can determine a specific number.
“I am aware that this firm will provide me with plenty of growth chances in addition to the other opportunities this role will present. Therefore, I do not think it would be wise on my behalf to estimate a specific number at this time. I just want to get some work done so that we can decide on a mutual figure in a day or two.”
Conclusion
The above points are available ways to you can address the “What is Your Salary Expectation” question in a job interview to secure a job.
With these points shared above I believe you are good to go in your job interview sessions.
We here on NewsBitGh wish you all the best in your job interview.
