What are your salary expectations?
A negotiation question to determine if the candidate's financial requirements align with the budget.
Why Interviewers Ask This
Companies need to ensure they can afford the candidate. This question also gauges the candidate's market awareness and confidence. It helps in structuring the offer package early in the process.
How to Answer This Question
Research market rates for the role. Provide a range rather than a fixed number. Emphasize that you are open to negotiation based on the total compensation package including benefits.
Key Points to Cover
- Market research basis
- Provide a range
- Open to negotiation
Sample Answer
Based on my research and experience, I am expecting a salary in the range of X to Y lakhs per annum. However, I am flexible and willing to discuss this further based on the full benefits package and growth opportunities…
Common Mistakes to Avoid
- Giving a single low number
- Refusing to answer
- Overestimating without justification
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