What are your Salary Expectations? | Best Answer (from former CEO)

hey everyone today I'm gonna give you the best answer to the job interview question what are your salary expectations okay why would I even need to do a video on this isn't the answer simple and obvious no it isn't this is actually a trick question designed to eliminate you as a candidate many people fail job interviews because they get the answer to this question wrong how you answer is mainly determined by what stage of the interview process you're in if they ask you this question during the last round of interviews maybe they're actually interested in accommodating your compensation expectations however when they ask you this question at an early stage like in your first job interview they're not asking it because they want to accommodate you they're asking it because they're trying to eliminate you as a candidate I mean imagine your interviewer and you've got 20 candidates to interview and the one you're interviewing right now seems really good but then you ask what are your salary expectations and they say oh I need a million dollars a year to do this job in cash next that's an interviewer this is good you're effectively eliminating the candidates that never would have worked out so make the mistake in the first one or two interviews of the selection process this is what this question is for so if you are in the first or second job interview let's look at how we answer this question your goal is to give them an answer to the question but not say anything that will get you eliminated now the obvious problem is that you have no way of knowing what the salary range is that the company considers appropriate and will be willing to pay it's sort of like being asked I'm thinking of a number what number am I thinking of and if you get this wrong you don't get the job that's a fun game the secret is to avoid giving a single number okay so if you get the question what are your salary requirements and you're in the first one or two interviews into the process a good answer that tends to work well is to say well at this point I would need to know quite a bit more of the details about the role before it can really give you an accurate answer on that now if they're not satisfied with this and they press you further to give a number a good response is to say well I understand this is an approved position so the salary range must be approved can I ask what it is for this position and then whatever they say for a range you say well that would work fine for me now if they don't give you a range but yet still prompt you to give a number a good response to that is to give a wide range really low to really high never under any circumstances give a number give a wide range I would need somewhere between forty and a hundred thousand a year depending on details they will not be able to eliminate you from the running due to salary requirements and it leaves you open to command the salary towards the upper end of the range when they get to talking about this seriously at a later stage of the selection process okay so let's summarize this is a three stage answer if they ask you what are your salary expectations and you're early in the selection process like in your first interview you say I can't really answer that now I would need more detail if they still prompt you to give a number you say there must be an approved salary range can I ask what it is and if they won't give you a range but still prompt you to give them a number you give them a wide range by the way just a footnote here about the first part where you say I can't answer I would need more details an obvious counter question the interviewer may then ask is what details do you need now you may be thinking well technically I would need to know how it works with the official job hours and overtime and shift work travel requirements breaks benefits flex time remote work and general job demands but it's easier to say well maybe just more of a feel for the culture in general and then go straight into the second part when you ask them about the approved salary range and there you go this question shouldn't be a problem for you ever again and certainly won't get you eliminated please let me know in the comments what your experiences have been with this question whether it's done well or not so well the more we share the more we learn and if any of this was helpful for you please take a moment now to like subscribe and hit the bell and I will definitely be doing more videos in this series so this ensures that you don't miss any and check out my patreon page for even more stuff anyway I'm Bill the company's expert thank you so much for being here and watching my videos you're awesome [Music]

Channel: The Companies Expert

Views: 5,549,302

Keywords: what are your salary expectations, salary expectations, salary negotiation, salary expectation, what are your salary expectations answer, salary negotiations, salary question, expected compensation, compensation expectations, pay expectations, compensation question, required compensation, what salary do you need, compensation required, job interview question, best answer, CEO, advice, CEO advice, #hiring, #interview, #interviewing, #leadership, #careers, #humanresources, #management

Id: WChxbBSlWnQ

Length: 5min 0sec (300 seconds)

Published: Mon Sep 30 2019