However, if the employer requests that you include desired salary in a cover letter, there are several ways to do so in a way that won't jeopardize your chances for being considered a viable candidate. Do your research before you include your desired salary in the cover letter. Study the market rate, based on your level of expertise, experience and education, assuming those are all relevant factors.
For example, salaries for entry level positions may be based on academic achievements and grade point average, rather than work experience that many recent graduates don't have. Call the employer or a competitor and ask about salary ranges for the job for which you're applying. Use a salary range in your letter, instead of a precise figure to designate what you'd like to earn. If your cover letter must contain your salary history, list your salaries and bonuses separately, especially if you received performance-related bonuses.
I'm open to negotiation, based on the total compensation package. Ruth Mayhew has been writing since the mids, and she has been an HR subject matter expert since Her work appears in "The Multi-Generational Workforce in the Health Care Industry," and she has been cited in numerous publications, including journals and textbooks that focus on human resources management practices. Ruth resides in the nation's capital, Washington, D.
Share It. Copyright Leaf Group Ltd. Thus, you have to apply for the positions online by filling in all your details. To avoid all these processes, the one thing you can focus on is networking. Hence, job seekers can now embrace the spirit of networking more rather than spending time filling out forms on the online job boards. See, you will not go through all the protocols of online forms and recruiting systems. You have the upper hand since you are in contact with the HR of the said company.
If you are lucky enough, you might get an opportunity to meet the person who has the final say in the recruitment process. Thereby, you get an excellent opportunity for negotiating your desired salary. Many students in colleges or universities have no idea on what to put for desired salary internship, and they may end up being underpaid in their places of work.
It is essential for them to research and keep themselves updated in the current job market. Mary has just finished college and is seeking a company where she can do her internship program. When applying for a job as an intern, she needs to specify her desired salary for internship. Since she is fresh from school, she does not know if the said company pays its interns and if they do, what their salary scale is.
What Mary can do is research comprehensively about the company in question and the roles of the position. Since she has no previous experience, she has no bargaining power. So, her application form would be as below:. Besides indicating the desired salary correctly, the job seekers should be able to bargain effectively during the job interview.
After answering all the questions correctly, the recruiter may ask:. Since she is new in the job market, this is an opportunity for her to negotiate without sounding uninformed. With the knowledge she gathered during her research, she can use it to defend her salary range. Actually, I was not sure what figure to write since this is my first job application. But I did carry out intensive research, and the current job market offers almost a similar pay for internship programs.
Since I believe I am a perfect fit for this position, I know that I will add value to the company with my skill set and hard work. Thus, I can confidently say that my salary expectation is up to par with my future contribution to the company. James is a college tutor who is seeking a part-time job to supplement his current income. He has been busy applying on the online job sites, but when it comes to the salary field, he gets stuck on what to put for desired salary part-time job.
Since the position he wants as a tutor is not full-time, he is also not sure what to put for minimum salary desired. It is a tricky situation for him. In this case, it is advisable for James not to reveal his current pay.
What is the salary range for their tutors? With numerous research sites, it is easy for James to know his salary worth just with a couple of clicks. This will go a long way in assisting him to negotiate his salary range during the interview. Regarding the above case study, let us look at how James will negotiate his salary during the interview. In this case, James needs to avoid stating a specific figure because this is a part-time job and he might sell himself short.
So, he should try to direct the question back to them. His response may be:. With this in mind, I was hoping to hear your offer first, if that is fine with you before we start negotiating on a suitable range. With the above response, James has managed to redirect the salary question back to the recruiter politely.
This might give him an upper hand because chances of the HR giving him a specific salary figure are high. James will now choose to negotiate if the figure is what he wants or not. What happens if you have already revealed your salary on the online application form? Are you entirely at the mercy of the HR?
Should you agree to their first offer based on your salary history? The main tip is to keep calm and tone down the question when the recruiter brings it up. When you respond by saying you were expecting more, they reiterate by saying,. At this point, you need to think carefully before answering, and give a response like this:.
From the time I sent my application, I have done extensive research about the roles and responsibilities at this position. Which I must say is quite challenging. I believe that I have what it takes to be an asset in this company. My skill set will contribute to the success and productivity of this company since I thrive well in a challenging environment. Assuming that you have a research compilation of the salary estimates, this is a perfect time to present the documents to the HR.
Continue redirecting the discussion to what you are bringing to the company in terms of skills, and you may be quite lucky to get what you desire. However, keep in mind that you should not press hard, which may get the interview tense; if you see that the HR is not convinced by your value for the company and is not ready to offer you the desired rate, you can always redirect the discussion into starting from the salary the HR offers and the potential of promotion in the coming months, after you show your worth in practice.
After the interview, relax and watch as your dream career takes off with your desired salary in place!