Addressing Salary Requirements: How to Avoid Being Screened Out
There are scarcely any job seekers out there who do not experience even mild dread at the mere prospect of being inquired about their salary requirements. Discussing compensation expectations is a matter of delicate handling, to say the least. What can you do, then, when the job ad requires applicants to spill the beans on their salary requirements in the cover letter? First of all, fight the sudden anxiety attack and understand that there is a very simple reason behind such a request. Employers want to streamline the hiring process; thus, they don’t want to waste their time nor anyone else’s, by considering hiring people they simply cannot afford.
Read on to find how to provide this information without hurting your candidacy, while protecting your right to a fair salary.
Read Salary Surveys
Doing this kind of research will give you an idea of what people earn based on parameters such as industry, location, skill set, experience and cost of living which are similar to yours. You can refer to websites Salary.com and Glassdoor to find this information. Better still, you can contact people in the same industry to ask about the salary people like you generally earn. In case you cannot get any definite answers from these sources, you can always contact the HR department of the company you have applied to and inquire about entry-level remuneration.
Provide a Range You Are Comfortable with
Your research will normally give you an idea of the minimum yearly salary you should agree with. Nevertheless, it will be a mistake to provide possible employers with a single figure. Rather, you should set a salary range which will depend on the responsibilities of the role. This will ensure that the chances of there being an overlap between what you expect and what the employer is willing to offer are increased.
Benefits Can Be Used As Leverage
More often than not, employers offer salaries resonant with the low figures on a range. However, you should not turn a job offer down before you negotiate additional employee benefits. You should only suggest that the employer may have to reconsider their offer if you have expected a better benefits package.