If you ignore the request entirely, you are likely to be screened out; however, you also run a risk of being screened out if you provide salary information too early in the process and the information is not a close fit. The goal is to obtain an interview to determine if the position is a fit for you and the company, which is when salary discussions can begin.
Salary Requirements | Salary Requirements on Resume | TopResume
Salary requirements: If an employer requests your salary requirements, they are seeking information about what you expect to earn in your next position and whether this expectation is compatible with their budget. Your personal circumstances, such as geographical area, career track, industry, or type of organization, may create differences between your past salary and your current requirements.
The safest course may be to indicate that you are sure the employer has a fair compensation program and that your primary interest is in this company and opportunity. You just found the perfect job — the job description is filled with responsibilities in which you would thrive, and you match the minimum qualifications to a T. At the bottom of the description, however, you see these words: Please submit a cover letter, resume and salary requirements.
Uh oh. Salary requirements? How should you position the information?
What should you say? And should you include salary requirements on a resume, cover letter, or separate document? The short answer is that companies ask for salary requirements to screen out candidates. They use this information to help them determine if there is a fit financially.
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If you are too high on their salary range for the position, it may weed you out before you even get an interview. If you ignore the request for salary requirements altogether, it could also weed you out and prevent you from getting an interview because you didn't follow the employer's job application directions.
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This scenario presents a difficult situation, but one that is not impossible to navigate. It just takes a little research and strategy. Compared to being asked about your salary history which can be an even trickier situation to navigate , providing salary requirements can be done correctly. Follow these steps:.
When & How to Include Salary Requirements in a Cover Letter
Do your research to determine fair industry wages, as well as your worth. If it's not a requirement in the job listing, avoid offering any salary details whatsoever. It's better if the potential employer came up with compensation information themselves and not from you.
If the job listing indicates that applicants must include remuneration history in the cover letter or resume, ignoring the clear request is one way of approaching it. However, it might also jeopardize your chances of landing an interview. No employer is happy when their clear directions are ignored. Evidently, following every instruction is best for you. Other applicants will definitely do it and being the odd one out creates a bad impression about you.
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Only include salary requirements in the cover letter if the employer has expressly instructed that all applications for the position need to have requested salary information. You definitely don't want to miss an opportunity to land the position or jeopardize your chances for a future interview. The most important thing is to always stick to employer instructions and provide whatever's required. Even so, you might want to carry out a bit of research on the company, their salary ranges, what their employees generally take home to know what you need to include as salary requirement.
One of the best ways of mentioning salary requirements in cover letter is going with salary range.