So we are at the last day of the month where I finish off my 31 questions in 31 days to prepare you for your job interviews. Lovelies I really hope that these have helped you or do help you in the future 🙂
I chose to end on this because quite often an interviewer will ask this as their final question in a job interview (apart from “So, do you have any questions for us?“).
This one could throw your off your game, even with preparation. So make sure you kill it by preparing yourself, staying calm and being confident. You could easily lose the job opportunity here if you don’t answer effectively, especially if you over shoot or even under shoot.
In my experience, it could lose you the job if you shoot too high, obviously, as each business puts a value on the position and what the most they would be willing to pay for the best of the best so they are ready to negotiate from the get go.
But what people forget or just don’t think of is that it could also cost you the job if you shoot too low.
Seems odd right? Because everyone only wants to pay the lowest! But what you need to realise is that if you under value yourself by saying you are happy with “whatever” or you go in with a super low salary then it will lead your interviewer to thinking you aren’t worth any more and your skills/experience just aren’t what they are looking for regardless of your resume. This is where you need to find your value, what you feel you are worth and what the business would be paying.
This question might not even come up if it was clearly stated in the job ad what the salary is, but at times it is often left blank or references that it is negotiable. Or they are super sneaky and leave a huge bracket for when you search!
Interviewers want to know what you will accept, because let’s face it if you ask for too much there is no point wasting your or their time if they aren’t offering that. Not only that, they also want to identify what you think you are worth.
If you prepare yourself and smash out all the answers during your interview and you have them on the hook, this question will be a lot easier to navigate, so make sure you get yourself ready and keep em on the hook the whole way through.
I suggest doing your research on what the job position pays in the industry, you should be able to easily gain at least a range of what the typical pay is for the job on offer. Then gauge your experience and skill set within the range and you should come up with a figure. It’s also a good idea to incorporate what your currently getting paid as you probably don’t want to go lower than that as it is.
Check out sites such as www.payscale.com to help with your research! They do some awesome reports, I have used them in the past. 🙂
If you aren’t comfortable giving a specific figure, then try using a range (e.g. $75,000 – $85,000) but be prepared to earn anything in that range, or be offered something different altogether.
I have always said that if you are in a job that you love, then money probably wont matter as much. Obviously we all have bills to pay, rent to cover, or just things we want to do that cost money! I guess what I am trying to say is, don’t make your decision on a job solely based on money. Make sure you find a job that makes you happy, one where there is no hatred for Mondays!