Are you wondering how to answer the question, "What's your expected salary?" during an interview? If so, you're in the right place! We've put together a comprehensive guide on how to tackle this tricky—and sometimes stressful—interview question.
Knowing how to respond with confidence and accuracy can often be the difference between securing a role and giving off the wrong impression. Luckily, using our insiders' tips plus resources from reliable sources have made this entire process easier than ever before.
We don't want you to feel overwhelmed or uninformed when it comes to discussing your salary expectations during an interview. That's why we created this guide filled with resources, tips, and advice from tech professionals who have gone through this process themselves.
So let’s dive into it - let's give you the clarity and confidence you need to ace that all-important discussion about salary!
When you're interviewing for a role, the salary negotiations are a key component. It's therefore important to consider the various factors involved in the negotiation.
First and foremost, you should understand the industry salary trends for your role. When it comes to salary negotiation, knowledge is power! That's why it's always smart to do your research. For example, you can refer to our latest annual salary report of tech salaries in Asia!
You can also use a trusted resource like NodeFlair Salaries to compare your current offer to similar ones out there, and then adjust your expectations accordingly. This will give you a better idea of the average salary range so that you can confidently request what you feel is appropriate for your experience and desired role.
Additionally, it's also worthwhile sitting down and evaluating any potential perks associated with the job that go beyond salary — such as health benefits, paid parental leave, education reimbursement, flex time off and more — which can have just as much of an impact on your total compensation package.
NodeFlair allows companies to claim their page to share more about their culture and benefits. Here's an example of the benefits shared by foodpanda! Don’t forget that there are other ways to negotiate in addition to salary.
You may not know it, but suggesting an expected salary range can actually increase your chances of getting a better offer. A good answer should have 3 parts:
"Thank you for the question. Based on my extensive research and in-depth analysis of the salaries for similar software engineering roles, I believe that a salary ranging between $X to $Y would be reasonable. This range is based on several factors including the job responsibilities, my qualifications, experience, and the industry standards.
In preparing for this interview, I researched salaries for software engineering positions in this region on various platforms like NodeFlair Salaries. Through my research, I discovered that the average salary for a software engineer with my experience and qualifications ranges between $90,000 to $120,000 annually.
I hold a degree in Computer Science and 5 years of experience working as a software engineer in both startups and large corporations. In my previous roles, I had the opportunity to work both independently and as part of a team to develop and deliver quality software applications.
One notable project I have worked on is developing a web application for a leading online payment platform. In this project, I helped to design and implement new features that improved the application's functionality and scalability. My contribution to the project resulted in a reduction in errors and enhanced user experience.
However, I am open to additional factors like the industry competitors' salary ranges, other benefits like ESOPs, and the cost-of-living allowances to custom-tailor a fair compensation package.
Also, I do have some offers from other companies that I'm also considering. For example, I recently received an offer for $X from Company A and an offer for $Y from Company B. Of course, I think this position is a great opportunity and I'm excited about the company, so I'm willing to be flexible depending on the overall benefits package and other opportunities for growth and development within the organization.
In conclusion, as much as salary is important, I understand that other considerations such as the company's culture and future career advancement opportunities are essential. I would like to join your team not only for the salary but also for the opportunity to grow and learn while contributing to the success of the organization."
In some cases, you may not want to share your exact salary expectations during a job interview because you have not had enough time to research accurately.
If this is the case, there are several ways to avoid the conversation (example at the end):
If you’re asked about your expected salary, try to shift the focus of the conversation. You can do this by asking questions about compensation packages and benefits that are included in the role.
This gives you an opportunity to understand what is being offered without having to reveal your own expectations.
Sometimes, it may be necessary to simply politely but firmly refuse when asked directly about your expected salary.
It’s important to be honest and direct with employers - but remember that any information shared should remain professional and appropriate in order to maintain a good relationship with the interviewer.
If pressed for an answer, consider offering a salary range instead of a single figure.
This gives you more flexibility, so you don’t have to commit yourself to any particular number—and it also gives employers more leeway in their decision-making process.
Just make sure that your range is reasonable and based on accurate data from trustworthy sources like NodeFlair.
"Thank you for asking about my salary expectations. I appreciate the opportunity to discuss this important aspect of the position. However, before we start discussing numbers, I would like to learn more about the job requirements, responsibilities, and the benefits package.
Could you please tell me a bit more about the role and what it entails? I would like to have a better understanding of the scope of the position, the skillset required, and the level of experience needed to fill this particular role. This will help me better align my salary expectations to the demands of the job.
I understand that salary is an important factor for both the employer and the employee, and I believe that it is important to consider it within the context of the entire offer package. Therefore, I would be more than happy to discuss my salary expectations once I have a better understanding of the position.
That being said, I am open to discussing a salary range that you have in mind for this position, and I am willing to negotiate within that range.
I believe that this approach allows us to work together to find a mutually beneficial solution that takes into account both the needs of the company and the value that I bring to the position."
Answering the question “What’s your expected salary?” doesn’t have to be nerve-wracking — with the right strategy, it can be a great opportunity to make sure you’re getting a fair and accurate offer.
Whether you’re willing to state your expected salary upfront or prefer to leave it open for negotiation, the resulting job offer should be one that you’re comfortable with and excited about.
Interviewing for a job can be intimidating but knowing what to expect and how to answer tricky questions can give you the confidence to make the best impression. But with enough research, you’ll have access to the latest info and insights on compensation expectations and other important topics so that you can make sure your next job offer is worthy of your talents.
So take the plunge, be confident, and get ready to explore this new and exciting opportunity!