How to answer questions about salary expectations?

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Knowing how to answer questions about salary expectations is an important part of your job interview process . You should be prepared to answer when asked how much you expect to be paid for the position.

It’s a balancing act – going too high without backing up why you deserve that salary can hurt your chances of landing the job. But go too low and you risk sending the message that you don’t know the true value of your work.

Research and preparation can help you get it right – it’s time to talk about money with more confidence!

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Why are job applicants asked about their salary expectations?
Employers want to know if you recognize how skills and experience equate to pay in the industry.

It's also a way to tell if you're at the level they're looking for - salary levels often equate to experience, and while it's not an exact science, it's a good way to judge your level of seniority beyond what you've described on your resume.

Use an online salary guide calculator and toggle between years of experience to see how pay for your position changes as you advance.

Ultimately, it's the employer or recruiter's way of ensuring they don't waste their time or yours. There's usually no point in moving forward in the hiring process if your salary expectations are way above what was budgeted for the position.

That said, it may still be worth having a discussion. If you're willing to sacrifice a bit of a pay cut, you could negotiate other contract issues, including benefits or hours.

How do you research salaries?
Multiple factors contribute to the salary you ask for: experience, qualifications, achievements, demand for your skills and current trends in your industry.

While you should know the first three from the start, the last two aren't so easy to determine on your own. That's why it's always a good idea to have a conversation with a recruiter. They know what's going on in the hiring market and will be able to give you a better, broader understanding. By talking to multiple hiring professionals and organizations every day, they really know what's going on. The information you gain from them will put you in a powerful position to effectively negotiate why you're worth the salary you're asking for.

It's also worth checking out other professionals working in similar positions to yours. If you don't know anyone personally, try connecting and messaging on LinkedIn. You'll be surprised how many people are willing to help you out! Otherwise, check out online forums, as it's almost inevitable that others will be looking for the same information about what salary to ask for in a job interview.