Getting asked about your salary requirements is bound to come up eventually during the interview process. It can be an awkward conversation – since many candidates fail to prepare for…
Getting asked about your salary requirements is bound to come up eventually during the interview process. It can be an awkward conversation – since many candidates fail to prepare for the question.
How you answer the question can impact your bargaining power if you receive a job offer. Asking for too much could put you out of contention. Asking for too little could hurt you financially. The sales recruiter may hold you to your salary request if an offer is made.
The major benefit of getting asked about salary is the company has some interest. You have likely been added to the short list of candidates. The key is to be prepared to answer the questions and provide a well thought out answer.
There are four main reasons why recruiters and hiring companies will ask you about salary during the interview process:
Before you offer up your salary requirements:
1. Hold off as long as possible:
This will give you more time to sell yourself and position yourself as a candidate the company wants to hire.
2. Know what the company is offering:
Check to see if the company listed compensation on the job ad or website. You can use this information to get an idea of what they want to pay.
3. Do your homework:
It’s important to do your homework and understand what the market yields. Know the salary range for someone in your position, with your experience, in your location. This will help you make a reasonable salary request when asked.
4. Consider other factors:
If you are moving to a new city, are expected to start soon, or signing bonuses and commission are common in your area of work, make sure to factor these into a compensation request.
Once you’ve answered the question and it comes time for a formal offer to be made, remember, you can counter offer, and if the offer isn’t good enough, you can walk away.
SalesForce Search is a sales recruiting company which specializes in the recruitment and placement of sales professionals. We recruit salespeople in every sector of the economy including, software, manufacturing, financial services and medical devices. Find the right salesperson for your organization, start your search here.
Gabrielle is a Wilfrid Laurier University graduate with a degree in Business Administration. She has a background in both sales and marketing, with experience working in the technology, education, and travel sectors.