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When to share your salary expectations at an interview?

What are your salary expectations? This can be one of the most important questions at every job interview. Unfortunately, like so many other questions, this cannot be avoided, especially when some online application systems make answering this question mandatory.

Keep in mind that the "expected salary" question is one question you can prepare for. And by doing so, you'll come across as flexible and knowledgeable.

It is generally not recommended to share your salary expectations at the beginning of an interview. This is because discussing salary too early in the process can potentially harm your negotiating position later on.

Bear in mind sometimes you need to share an expected range else you may miss the opportunity, but "flexibility" is the key.

When it comes to sharing your salary expectations, it's important to be prepared and strategic in how you approach the conversation. Here are some tips on how to share your salary expectations effectively:

  1. Research industry standards: Before going into the interview, do some research on the typical salary range for the position and industry you're applying for. This will give you a better idea of what to expect and help you negotiate a fair salary.

  2. Consider your experience and qualifications: Think about your own skills, education, and experience, and how they align with the job requirements. This can help you determine your value and what you should be earning.

  3. Be confident and clear: When discussing your salary expectations, be confident and clear in your communication. State your desired salary range and explain how you came up with that number.

  4. Be open to negotiation: Remember that salary is often negotiable and there may be room for discussion. Be open to negotiation and willing to compromise on other benefits or perks if needed.

  5. Wait for the right moment: Don't bring up salary too early in the interview process. Wait until you've had a chance to learn more about the job requirements and the company culture before discussing salary expectations.

  6. Focus on the big picture: Salary is just one aspect of your overall compensation package. Don't get too caught up in the numbers - also consider other benefits and perks that are important to you, such as professional development opportunities.

It's best to focus on showcasing your skills and qualifications and demonstrating why you are the best candidate for the job. Sometimes the company name or brand makes a big difference and so many job seekers are willing to take a pay cut (a step back) since the future growth prospects will only help them jump 2 steps ahead a year or two later and secure a good job description and company brand to add into their resumes.

If the interviewer brings up the topic of salary, you can acknowledge their question and express your interest in discussing compensation further down the line, after you've had a chance to learn more about the position and its requirements.

When the time comes to discuss salary, it's important to share your education, experience, and skills. This will help you negotiate a fair and reasonable compensation package. You may need to share your current salary and the next higher earning bracket you see yourself in (be prepared to justify the increase through facts and research and this becomes very important).

Normal salary increase range from 20-30% depending on whether you have been headhunted or applied. This will also depend on the additional experience/qualifications you have gained and the tenure of your most recent employment. The company's budget also plays an important part in sharing your salary expectations and it would make a lot of sense to find this information beforehand.

It's also important to keep in mind that compensation is not just limited to salary. There may be other benefits and perks that are negotiable, such as annual tickets, health insurance, schooling for children, and salary appraisals. Be prepared to discuss these as well and consider them as part of your overall compensation package.

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