This will be one of the most challenging questions you’ll be asked. How to answer expected salary in interview is a very sensitive subject. This article will give you details on how to handle interview questions related to your salary expectations.
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If you’re asked for your expected salary in an interview, the best thing to say is that you’re looking for somewhere between the minimum and maximum, based on the position and the company.
The reason this is the best answer is because it doesn’t give away too much information. If you name a specific number, like $100,000 or $25/hour, that might be more than they’re willing to pay you. Or it might not be enough to impress them! But if you leave it up in the air—just saying “between” or “somewhere between”—you can leave room for negotiation.
If you’ve been working for a while and have a good idea of what your salary should be in this position, then by all means, let that come through in your response!
How to answer expected salary in interview
Research the range for your position.
First, you need to know what other people are making for your position.
- What have others made in the past? As a rule of thumb, I always look at three years of salary data for my clients and their positions. If there’s no relevant data from the past, I rely on industry averages in my area or online resources like Glassdoor and Payscale.
- What do you make now? You can use numbers from your W-2 or pay stubs as proof of income or even put together a table showing how much you made over time (e.g., “I made $50k last year but am expecting $55k this year because of [insert reason here]”). If it’s been awhile since you worked somewhere else, try to find someone who works at that company and get their advice before applying—they’re sure to know which jobs pay well there!
Consider asking what their budget range is first.
The next step is to consider asking what their budget range is first. If they tell you, use that as a guide. However, if they don’t share the budget with you, then it’s time to make your move and share what amount of salary you would like to make in the position.
You should be able to justify why you think you are worth that amount in terms of experience and skill set because the employer will want to know how much value they will get from hiring someone like yourself for this job.
Tell them you’re flexible.
If you want to be really flexible and avoid giving a specific number, you can say something like, “I’m open to discussing salary relative to the position.” This is a nice way of saying that the salary is negotiable without actually saying it outright. When applying for jobs or negotiating your current salary, remember that research shows that telling someone you’re flexible can backfire on you.
This may sound counterintuitive because being flexible sounds like it would make people like you more—but when it comes down to negotiating salary, there are rules about how much information is shared during the interview process. The less information shared about what other offers or expectations exist for similar positions, the less likely both parties will have any basis for comparison and thus won’t be able to make an informed decision about what constitutes fair compensation for those services rendered (i.e., working 9am-5pm in exchange for $50k/year). Which means if you reveal too much about what kind of money other companies were willing to pay before this one even makes its offer (and some do!), then they might not want anything else from their end no matter how polite or well-qualified they might think they are!
Don’t forget to account for other benefits.
Don’t forget to account for other benefits.
Even if you’re making a lot of money, it’s not always about the salary. Some companies offer generous benefits packages that put their salaries on par with much higher-paying companies. Other times you may be getting paid less than the average market value in your area, but have access to some really great perks like health insurance and flexible hours that make up for it. If you can get a job at one of these places it may be worth taking despite the lower pay just because of all the extras they throw into their compensation packages!
The best way to know what kind of perks are available at different companies is by asking around amongst friends who work there already (or used to) or checking out career websites like Glassdoor which allow people working at different firms across various industries post anonymous reviews detailing what they think about each company culture including things like how much vacation time employees receive per year as well as any extra benefits like free snacks in break rooms or gym memberships provided by employers themselves.”
Say you’re willing to negotiate.
You’ve always been taught to never say yes or no without giving it a little thought, and that’s what we’re going to do here. There are times when you should be willing to negotiate your salary, but there are also times when you shouldn’t.
Distinguish between your current salary and your expected salary.
Your current salary is not your expected salary. You may have had a low salary in your first job, but that doesn’t mean that’s what you expect for the next one. Don’t be afraid of telling them what you expect—it’s important for them to know so they can determine if they’re willing to pay it or not.
If you make your company want you, they will pay what you want.
Now that you know the basics of salary negotiation, it’s time to use this information in an interview. There are a few key points that you need to keep in mind:
- Be confident. You should be able to answer this question with confidence, but do not come across as cocky or arrogant when doing so. If the interviewer asks how much money you want and your response is “more than [the current CEO].” This will not be perceived well. Instead, focus on answering with confidence while giving specific reasons why they should pay you what they’re asking for (e.g., “I’m looking for $75K per year.”).
- Have a range of numbers ready to answer this question instead of just one number because it allows more room for negotiation if there are multiple offers on the table at once (e.g., “$65K – 80K”). Just make sure that everything else about your application has been polished well enough so that when an offer comes through with a higher number than what was originally asked during an interview, then there won’t be any problems accepting it without seeming like they’re giving too much away without getting something back first!
- Don’t give lowball offers unless absolutely necessary due solely on morals alone (“$45k” might sound good now but could end up costing both parties huge amounts later down line). It might seem unfair because employers usually start off asking high salaries right off barrel starting point when interviewing candidates which makes sense given how competitive hiring market has become today due largely part globalization factors driving down wages across United States over past decade plus plus years since 9/11 attacks occurred here country; however if someone does ask too low amount then chances are high likelihood exists agreement might never come together successfully being made between two parties at all even after agreeing upon terms–which could lead toward disastrous outcomes such as losing job altogether temporarily
