You have managed to receive an interview for that great job ... the job interview has gone well, and you've established a good rapport with the hiring managers ... just a couple more minutes to go ... Oh no! They just inquired about salary expectations!
That's where you're going to be glad that you just did that research early in advance. If you didn't, and are certainly not sure the place to begin, below are great tips.
Analyzing Salaries
Generally if the salary is simply not written in the job description, you need to determine what the job may be worth. Sometimes you may be asked to provide your expectations in your cover letter, sometimes it's going to arise in an interview. But the key is to be prepared with this question, mainly because it usually comes up.
Practically no one magic figure when aiming to determine salary for any particular position. It all depends on market conditions, the company, geographical location, size of the city alongside your own skills and experience compared with other applicants. So how will you find what a job is really worth? Try to utilize a combination of methods to get as best a range as you can. These can include:
look for similar advertised positions which does state a salary range
research salaries around the internet, using career websites, skilled professional association web pages and search engines (we've provided some beginning points by the end of this article) - is there a interest in your skills?
search for a local Human Resource Centre of Canada office
talk with people in similar careers
What direction to go when you are asked to provide salary expectations inside your cover letter?
Many hiring managers ask applicants to give salary expectations in their cover letter. This can often be done to screen out appliers who expect a larger salary as opposed to the employer is willing to offer. Try to answer by having a neutral statement, emphasizing how the opportunity is the central consideration within your decision and that you would consider any reasonable offer. If needed, provide a range of what you are willing to accept as opposed to a fixed dollar amount.
Salary discussions during the interview
Never raise up salary during interviews. Always allow the employer bring it up. The same principles apply as above for resume cover letters. Having said that, try to postpone salary discussions until after a proposal is done. Indicate that you'll be open for negotiation but would rather wait until after the hiring decision has been given. Again, if you believe that possibly they are really pushing for a figure, be sure to give a range, not just a specific dollar amount and inform them it depends on the entire package along with benefits.
Don't fret if salary isn't discussed throughout the first interview. It likely will be in your second or at the very latest, once you get an offer! Actually, salary is usually best left for discussion until after the employer has decided that they want to hire you. By this approach, you minimize the chance of taking yourself out from the running.
When a deal is created - Negotiating Salary
Employers can occasionally offer you a salary amount when an offer is created. Take some time to think over it; a couple of days is generally acceptable. Seeing that they've decided they want to hire you, you may be in a position to negotiate a little. But you need to decide what you will be prepared to accept, taking into consideration the likelihood of receiving other offers, etc. Take all factors into account when making your choice, along with the salary, level of responsibility, working conditions, opportunities for further education,, etc. Ask about extended health and dental insurance, education re-imbursement plans, vacation, etc.
Consider negotiating in some perks instead if the organization carries a rigid salary structure. Depending in the level of the job and current economic conditions, consider asking about a signing bonus, company car, paid professional development, usage of your working computer for personal use and/or stock options. A flexible time-table and working from home occasionally can also be possible. Note: in the event the economy is within a downturn, several of these perks won't be available (eg. signing bonuses) so make use of your judgement and common sense when deciding just how much room you must negotiate.
Everybody is apprehensive (in other words, scared!) about negotiating for benefits and salaries. You shouldn't be... it is quite common. But do be sure you remain professional about it! No matter what, don't be rude or arrogant. Think carefully in what makes you worth a better salary compared to the one they have offered, and be prepared to articulate this to the employer. It's during this time that you'll be glad you did your thorough research.
That's where you're going to be glad that you just did that research early in advance. If you didn't, and are certainly not sure the place to begin, below are great tips.
Analyzing Salaries
Generally if the salary is simply not written in the job description, you need to determine what the job may be worth. Sometimes you may be asked to provide your expectations in your cover letter, sometimes it's going to arise in an interview. But the key is to be prepared with this question, mainly because it usually comes up.
Practically no one magic figure when aiming to determine salary for any particular position. It all depends on market conditions, the company, geographical location, size of the city alongside your own skills and experience compared with other applicants. So how will you find what a job is really worth? Try to utilize a combination of methods to get as best a range as you can. These can include:
look for similar advertised positions which does state a salary range
research salaries around the internet, using career websites, skilled professional association web pages and search engines (we've provided some beginning points by the end of this article) - is there a interest in your skills?
search for a local Human Resource Centre of Canada office
talk with people in similar careers
What direction to go when you are asked to provide salary expectations inside your cover letter?
Many hiring managers ask applicants to give salary expectations in their cover letter. This can often be done to screen out appliers who expect a larger salary as opposed to the employer is willing to offer. Try to answer by having a neutral statement, emphasizing how the opportunity is the central consideration within your decision and that you would consider any reasonable offer. If needed, provide a range of what you are willing to accept as opposed to a fixed dollar amount.
Salary discussions during the interview
Never raise up salary during interviews. Always allow the employer bring it up. The same principles apply as above for resume cover letters. Having said that, try to postpone salary discussions until after a proposal is done. Indicate that you'll be open for negotiation but would rather wait until after the hiring decision has been given. Again, if you believe that possibly they are really pushing for a figure, be sure to give a range, not just a specific dollar amount and inform them it depends on the entire package along with benefits.
Don't fret if salary isn't discussed throughout the first interview. It likely will be in your second or at the very latest, once you get an offer! Actually, salary is usually best left for discussion until after the employer has decided that they want to hire you. By this approach, you minimize the chance of taking yourself out from the running.
When a deal is created - Negotiating Salary
Employers can occasionally offer you a salary amount when an offer is created. Take some time to think over it; a couple of days is generally acceptable. Seeing that they've decided they want to hire you, you may be in a position to negotiate a little. But you need to decide what you will be prepared to accept, taking into consideration the likelihood of receiving other offers, etc. Take all factors into account when making your choice, along with the salary, level of responsibility, working conditions, opportunities for further education,, etc. Ask about extended health and dental insurance, education re-imbursement plans, vacation, etc.
Consider negotiating in some perks instead if the organization carries a rigid salary structure. Depending in the level of the job and current economic conditions, consider asking about a signing bonus, company car, paid professional development, usage of your working computer for personal use and/or stock options. A flexible time-table and working from home occasionally can also be possible. Note: in the event the economy is within a downturn, several of these perks won't be available (eg. signing bonuses) so make use of your judgement and common sense when deciding just how much room you must negotiate.
Everybody is apprehensive (in other words, scared!) about negotiating for benefits and salaries. You shouldn't be... it is quite common. But do be sure you remain professional about it! No matter what, don't be rude or arrogant. Think carefully in what makes you worth a better salary compared to the one they have offered, and be prepared to articulate this to the employer. It's during this time that you'll be glad you did your thorough research.
About the Author:
When selecting a salary guidelines you must understand you should research first. Have a look at fashion merchandising jobs If you wish to continue researching. Happy career searching!
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