Common Mistakes
- Speaking very soon: The sooner you declare your desired pay, the more leverage the employer has over you during the hiring process. In a pay negotiation, it’s nearly always suggested to let the employer speak first, whether that’s communicated verbally or in writing in the form of a job offer.
- Providing the exact numbers of current salary: Every recruiter asks for your current salary. Instead of revealing the exact numbers, you can give a range. You can say,” Presently, I’m getting between 35,000 to 40,000 INR per month”.
- Failure to consider the long term: If there is a set system in place for pay hikes, promotions, commissions, or incentives, you may miss the wider picture by focusing solely on the base income you are offered. This will require some maths and trust in your possible future employer, but these are important elements to consider.
How to Answer – “What are your salary expectations?”
“What are your salary expectations?” seems to be an easy question at first. However, this question gets very tricky. It has the power to make or break the deal anytime. Not just in the case of freshers but even for experienced professionals. That’s why we have brought you a set of best practices that can help you navigate through this question like a pro. But first understand that there is not a particular answer that you can just cram and speak in the interview as it depends on the situation you are in. Hence, go through the mentioned details carefully. Let’s start.
Table of Content
- Why do Interviewers ask “What are your salary expectations?”
- Factors to consider while negotiating salary
- How to Answer “What are your salary expectations?”
- Common Mistakes
- Conclusion