It may be that you are under-or-over qualified for the position, and that will could potentially be deduced from your answer. It is also an effective way of measuring your self-worth. In certain circumstances, however, this may work in your favour; particularly in a small company which is looking for ways to save money and recruit only those that do not require a high payout.
On the flip side, having a very high expectation means that you are either overqualified for the position, or that you are unrealistic about the scope of the advertised position.
Many applicants make the mistake of giving a single figure e. Narrowing down your earnings expectations to a single figure is never a good idea because it leaves you with no room for negotiation!
Instead of giving a single figure and putting yourself in a disadvantaged position, you should give a range of how much you would like to earn. It is never a good idea to determine a salary range based on your gut feeling, greed or desperation as you may come up with unrealistic or unreasonable figures.
For a more methodological and scientific approach, follow the following three steps to come to a suitable earnings range for your cover letter:.
Other recommended formats and wordings that you can use on your cover letter :. Employers asking about your salary history are interested in knowing what you have been paid in your previous roles. Try to keep your salary requirements brief, so that the employer can spend more time focusing on your cover letter and your application. If you are asked to give your salary requirements, you could ignore them, but then you might not even get the job.
That being said, most experts agree that you should delay providing your salary expectations as much as possible. That pulls the ball in their court, which might end up better for you in the long run. I am open to learning more about ABC Corp. I bring a unique blend of management , business, and customer service experience and skills to a position that requires all three, based on our conversations.
Think back on the interview process when considering what information to use when explaining why you deserve more. Start with a high number. Determine the highest reasonable salary you can justify and focus on that. Too low of a salary requirement could make potential employers see your flaws instead of your strengths. Be flexible. Take a lesson from your friendly neighborhood yogi and remember to be flexible.
Finally, remember that there are several things that go into compensation, like benefits and opportunities for growth. Remember that even though compensation is important, this is not the most important part of your application or your interview.
You want the employer to be able to spend a lot of time reading or hearing about your strengths and qualifications. Be willing to negotiate and justify your salary requirements. Vote count:. No votes so far!
Be the first to rate this post. Maddie Lloyd. Maddie Lloyd was a writer for the Zippia Advice blog focused on researching tips for interview, resume, and cover letter preparation.
By Maddie Lloyd - Feb. Articles In Guide. How to calculate your desired income. How to word salary requirements in a cover letter. An example of income expectations in job application documents.
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End result? Application rejected. So better to come up with a figure and do it right. Read on to learn how. Sincerely, Margaret Sampson. Create my resume now. Rate my article: salary requirements cover letter. Average: 5 18 votes. Thank you for voting. News, and other top news outlets. My resume will provide additional details concerning my accomplishments. I welcome the opportunity for an interview to discuss the performance you can expect from me. The ZipJob team is made up of professional writers and career experts located across the USA and Canada with backgrounds in HR, recruiting, career coaching, job placement, and professional writing.
The documents you need to apply to jobs faster. Advanced features to secure your next interview. Here are the most common tips for including your desired salary expectations in a cover letter: 1. Tell the employer that your desired salary is flexible In many instances, you can minimize any misunderstandings by stressing that your desired salary is a flexible issue. Key Takeaway When employers ask for your desired salary, use your cover letter to detail your expectations, and always be sure to note that your salary needs are open for negotiation.
Written by ZipJob Team The ZipJob team is made up of professional writers and career experts located across the USA and Canada with backgrounds in HR, recruiting, career coaching, job placement, and professional writing. Send us your resume now. Get a Free Review Upgrade Resume. Is your resume working? Find out with a free review from ZipJob. Get a Free Review.
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