Asked by Jay on June 2, 2017
Answered by Brittany, Hiring Expert at ManpowerGroup, on June 6, 2017
First, you'll need to do your homework. It's best to give a range of what's appropriate for your experience, skillset, and what is comparable for your area. There are plenty of websites to help you gather this info -- one of my favorites is Glassdoor. You don't want to go too high because that might automatically take you out of the running but you of course want to feel comfortable with the agreement, that's why stating a range is best -- it opens the door for negotiation.
Best of luck!
Answered by Claire, Hiring Expert at Textron Inc., on June 7, 2017
Hello! You want to take several factors into account when discussing compensation so that you provide a range that is mutually agreeable. Some of these factors include location, industry, and your experience. Another thing to consider are the benefits provided by the company, health insurance, 401k match, company discounts, etc. These benefits contribute to your overall compensation and it’s important to keep in mind and ask about. In terms of a salary, I would recommend stating a range so that you’re not limiting yourself by going too high or too low. Best of luck!
Answered by Ashley, Hiring Expert at Cardinal Health, on June 7, 2017
I would have to agree with the other responses to this question. You should always do your homework prior to responding so you are setting reasonable expectations for yourself and for the company. Glassdoor is a useful resource while doing your research. Also, if you are a recent grad then I would recommend utilizing your college's career services or school website. Colleges and universities typically provide an average starting salary for recent grads by major or job function. Keep in mind, compensation is going to vary based on industry, field and location. Be mindful that you do not set the bar too high when sharing your expectations as this may disqualify you for the position. In addition, I would recommend taking the time to understand the overall compensation and benefits package the company is offering (401k, paid time off, holidays, insurance, etc.). Don't sell yourself short but be honest with the hiring manager when you share your expectations and if you're unsure, you could also tell them you are open to negotiation.
Answered by Dean, Hiring Expert at Archer Daniels Midland, on June 16, 2017
Hi and Conratulations on getting to this stage of the selection process.
You need to do an honest assesment of your skills and experience relative to the market and for the job you are applying to. Do your homework for salary with sites such as glassdoor to get a good feel for the market. In order to not sell yourself short and or price yourself out, look at it first from your prospective, then back up and look at it from an employer prospective.
You are now at a good negotiating starting point. Good luck on next steps!