The desired salary refers to the expected amount that you want to get paid if you get hired. It is the amount of money that you are hopeful to get paid while doing the job or performing the particular assigned task. One of the trickiest interview questions is "What is your desired salary?" Answer strategically to get good compensation without risking your chances of getting hired.
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Through this article, learn what to put for the desired salary on a job application, and get tips on how to handle this sensitive aspect of your job search.
While facing the desired salary query (what should I put for desired salary on job application?), there are several options to respond. Each with its pros and cons depending on your situation.
One of the safest ways to answer is by providing a salary range, not the exact number. This gives you room for flexibility and proves that you are open to negotiation. Make sure to research the industry standard for your role in your location before giving out a range.
Example
"$10,000 - $15,000"
If you do not have any idea or would not like to limit yourself, then you can simply write, "Negotiable." That means you are open for negotiation depending on the whole job offer, including the benefits and responsibilities involved in the job.
Example
"Negotiable"
Do your research, know your value, and then make a specific number based on a competitive salary for that position. Use resources such as Glassdoor or PayScale, or even industry reports that talk about market salary ranges.
Example
"$25,000"
If possible, especially for online applications, you can often avoid the question regarding “what to put for desired salary on application”. You can also enter a placeholder such as "0" or "N/A". That at least delays the conversation until later in the process, giving you more time to focus on writing an effective CV that highlights your qualifications and value to the employer.
Example
"0" or "N/A"
No matter which option you take, follow the following tips prepared by the experts at Resume Thrive to ensure you can confidently navigate the question of your desired salary;
Do your research on what the average salary is for the position you are applying for within your industry and location. This gives you an even more realistic expectation of what should i put for desired salary and helps in setting a reasonable range or number.
Salary is only just one part of the compensation. Think about health insurance, retirement plans, bonuses, stock options, and work-life balance, too, when you're deciding just how much salary you'll need.
Example
Be honest, yet strategic with your salary expectations. Avoid asking for too little because you're worried about not getting the job, but also don't aim for an amount that's way too high.
Be prepared to defend your range or specific number, if you provide one. You may well be asked why you used that figure; be prepared with your research and reasoning behind the figure.
Example
"I chose this range based on my experience, the industry standard for this position, and the cost of living in this area."
If you didn't provide a desired salary on your application and it comes up in the interview, the same principles hold. Here's how you can handle this situation;
That's fine if you've already sent in your application without one or, having learned more about the position, would like to clarify your expectations. You can follow up if you wish, but make sure to send a polite email to the hiring manager just to make sure you are on the same page.
Example
"Dear [Hiring Manager's Name],
Thank you for considering my application to the post of [Job Title]. I wanted to drop you a line regarding salary expectations. Since I understood the role in greater detail, according to the responsibilities and my experience, I believe a salary in the range of $[X] to $[Y] would be suitable. I am willing to discuss further during the course of the interview process.”
It could be tricky when you are asked in your application letter to state the expected salary. Many people get confused about what should i put for my desired salary? You must say an amount that you know will not make you underpaid, yet you have to take into consideration what the company can afford. Doing some research and knowing one's value in the current job market is quite necessary for anyone who wants to give their best answer to such a question. This will set them up for success in a salary discussion later on.