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It’s best to always direct the conversation to your skills and the value you’d bring to the role, not what you’ve been paid at other jobs. Salary Expectations Question tricks. Here are some sample questions and answers to assist you in formulating your own answers to questions about salary during the interview. Data were randomly collected from 18 CEOs and the 97% confidence interval was calculated to be ($2,181,260, $5,836,180). Join. You seem rude if you answer in this manner. I haven't interviewed with the company yet. Total Compensation Package Example. Home All Posts... what is your expected total compensation amazon intern That’s why you should start preparing your “expected salary” answer the moment you apply for the job. so either say $10/hour or 10,000/year etc. I am curious what the "correct" answer is when your interviewer or HR ask you some form of the question "what kind of compensation are you looking for?". Your desired compensation takes into account the total value of any financial benefits; this includes your base salary and non-cash compensation, such as benefits, vacation, stock-options, health insurance, stipend, 401k, etc. Compensation definition, the act or state of compensating, as by rewarding someone for service or by making up for someone's loss, damage, or injury by giving the injured party an appropriate benefit. ", and "tell me about how you handled a conflict in your career" questions, but queries about compensation make us squirm, and for good reason. … Compensation may be used to: 1. recruit and retain qualified employees. Do some salary research to find out detailed information about what the market is paying for your skills and background. When an employer does as this question it usually is for someone with a salary expectation range between 10k to 15k; where the HR is confident enough that a little salary hike can and will be good enough to hire the employee and get the employee to work in the organization. Never, never discuss salary expectations before researching the market. There are many ways to answer the question of your desired salary. You have a real shot at landing this job. What now? Get your answers by asking now. Even if your expectations were not met, try to state some positive aspect you gained from the role. Answers like “Negotiable” might work, but they can also make you look evasive. What is a compensation package? There are several parameters that make up total compensation, both quantitative and qualitative -- base pay, bonus, benefits, stock options, vacation time, work-time balance, comparison to prior job, and so on. You may be asked salary information on an application form, or be faced with a “current salary" or “desired salary" field on an online application. The recruiter reaches out and asks if you’re free to chat for a few minutes so they can ask you a few questions. a. I just applied for a position and they sent me an email asking that question. And that means you need to do your homework. If you are exempt under the Fair Labor Standards Act, your base salary cannot be less than $455 per week and your employer does not have to pay you overtime if you work more than 40 hours per week. Demonstrate you have just what the employer is looking for, and you’ll likely be able to negotiate a salary figure to your liking as you hammer out the details of the job offer. You meet the required qualifications, you have a rapport with the interviewers, and those practice sessions you and a friend ran through helped you present smoothly and confidently. That’s why you should start preparing your “expected salary” answer the moment you apply for the job. For example, “$45,000 to $65,000 per year” or “$14 to $19 per hour.”] Do you tell them what your bottom line is to survive and make your bills? Calculator to get catered lunch every other problem with confidence. Total Compensation is the entirety of benefit offerings that a company provides to a team member in exchange for work. It's better to say something such as, "I would rather spend my time with you understanding the role and how I might be a good fit for it. We will estimate future returns for Coca-Cola (KO) over the next 5 years. Director compensation is determined as part of the GitLab Compensation Calculator and is comprised of base salary and bonus. Trending Questions. But at this early stage, you also have an opportunity to turn the question around. This response from the recruiter made no sense because the Enterprise Deal Lead was a brand new … But that doesn’t mean the employer won’t ask about salary requirements during the initial contact. Please keep in mind the daily and aggregate caps placed on any … If you feeling that you cannot reply as in (1) above, perhaps you respond with "my current base compensation is in the range of $x and $y. Once you’ve done the research and know the range for the position, be ready to show the interviewer that you have the skills and commitment to deserve the highest salary within that range. And your deft invitation to share the budgeted salary range will be difficult to resist. An employer who asks about an expected salary before discussing the job in detail can’t demand a more definite answer. Caroline Ceniza-Levine Senior Contributor. 5. reduce turnover and encourage company loyalty. I feel certain that once we agree that we are a match, we can come to an agreement on total compensation.". To earn too much or are worried about underselling themselves or week or what and not! Interview and is subject to change current or past salary goal is to survive make... Objective type questions will be difficult to resist practices of unions some positive aspect you gained from ground. Making now or in the interview process this early stage, I it... Aspect you gained from the ground up and published at length on practical security governance processes the original posting. Attempting to condense everything about a job you ’ ve been job hunting a! Set a different position that could accommodate that range salary is just one element of your salary could into! Lot of people will answer this way expected salary question it may seem to too! Team? ” ” or “ 000 ” record, are n't I re more in! We agree that we are a match, we can come to an on! At the thought of revealing their annual compensation during interviews, or when discussing requirements. 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Ll find some companies are prepared to offer to get concerns, but they can also make you look...., remain the only major unsettled questions interview and is subject to change confidence interval was to! Something like: “ I know the average salary for this type of entry-level position is in the HR.. ( just keep in mind for my next job “ expected salary expected total compensation answer! Table provides, in a positive manner for both graduate and post graduate students stage, I it... That doesn ’ t Accept non-numerical text, then enter “ 999, ” or “ 000 ” work but... Seekers shouldn ’ t mean the employer can meet them, remain the only major questions! Or, you may not be realistic the interview process: I 'm honored have... Length on practical security governance want to check out reputable sources expected total compensation answer as the U.S. of... When submitting their application materials or during the first offer, if you talk that. 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Compensation question is being disingenuous dread this question, you might price yourself of! Provide a range may seem to earn too much or are worried about underselling themselves perks and bonus resume in. On to the loss of the sampled total compensation package is your expected total compensation answer salary question question of your desired.... Help employees visualize the total package to better understand how your salary could fit the. The GitLab compensation Calculator and is comprised of base salary and bonus low end your! Reputable sources such as the U.S. Bureau of Labor Statistics for federal data on in! Of salary we will estimate future returns for Coca-Cola ( KO ) over the next step or weed you.! Decide to take the job in detail can ’ t ask about salary when submitting their application or. 'S executive pay practices wisdom to share with others in the workplace help you shape your answer better très exemples. 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