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Discussing
the Subject of Money
During the employment
interview, there's a good chance you'll be asked about your current
and expected level of compensation. Here's the way to handle the
following questions:
Question:
What are you currently earning?
Answer: "My
compensation, including bonus, is in the high-forties. I'm expecting
my annual review next month, and that should put me in the low-fifties."
Question:
What sort of money would you need to come to work here?
Answer: "I feel
that the opportunity is the most important issue, not salary. If
we decide to work together, I'm sure you'll make me a fair offer."
In the answer
to the first question, notice the way a range was given, not a specific
dollar figure. However, in a situation in which the interviewer
presses for a exact answer, then by all means, be precise, in terms
of salary, bonus, benefits, expected increase, and so forth.
With respect
to the second question, if the interviewer tries to zero in on your
expected compensation, you should also suggest a range, as in, "I
would need something in the low-to mid-sixties." Getting locked
in to an exact figure may work against you later, in one of two
ways: either the number you give is lower than you really want to
accept; or the number appears too high or too low to the employer,
and an offer never comes. By using a range, you can keep your options
open.
Don't
Come On Too Strong
Unless you're pinned down in the early stages of the interview,
the best time to talk about money is after you've established mutual
interest. If you initiate a discussion about salary and benefits,
you run the risk of giving the employer the impression that money
is the most important reason for your job search.
From a tactical
standpoint, it makes the most sense to build your value and exercise
restraint before the subject ever comes up. The greater your asset
value is in the eyes of the employer, the stronger your offer will
be. The principal objective during the first and second interview
is to explore the opportunity and your potential contribution relative
to the goals of the department or organization. Focusing on the
money only sidetracks the greater issue of whether you and the employer
can be productive and happy working together.
Once you know
the job fits - and the employer sees your value - you'll usually
be able to agree on a fair price for your services.
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