How to Answer 'What Are Your Salary Expectations?' in Salary Negotiations
Problem Description:
During an interview, interviewers often directly ask, 'What are your salary expectations?' This question may seem simple, but an improper answer can lead to a lower offered salary or even losing the job opportunity. You need to learn how to respond in a way that showcases your value while leaving room for negotiation.
Solution Process:
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Don't Rush to Give a Specific Number
- Wrong Approach: Stating a fixed amount directly (e.g., 'I expect a monthly salary of 20,000'). This can lead to two risks:
- If your quote is lower than the company's budget, they may gladly accept it, but you end up shortchanged.
- If your quote is significantly higher than the budget, the interviewer might perceive your expectations as unrealistic.
- Correct Strategy: Ask a counter-question first to gather more information, for example:
'Thank you for the question. I want my compensation to be commensurate with my experience and the role's responsibilities. Could you share the salary range for this position?'
- Wrong Approach: Stating a fixed amount directly (e.g., 'I expect a monthly salary of 20,000'). This can lead to two risks:
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Research and Anchor a Reasonable Range in Advance
- Before the interview, research the market rate for the position through industry reports (e.g., salary surveys on job sites), professional networks, and public company information.
- Based on your own experience (e.g., years, skill scarcity), adjust the market rate by 10%-20% to define a minimum acceptable salary and a target salary.
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Use a Range Instead of a Specific Number
- If the interviewer insists that you provide a number first, offer a floating range, for example:
'Based on my experience and the market situation, my expected salary range is between 300,000 and 400,000 per year.' - Note: The lower bound of the range should be higher than your minimum acceptable salary to avoid being lowballed.
- If the interviewer insists that you provide a number first, offer a floating range, for example:
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Link Value to Justify the Range
- After giving the range, immediately follow up with reasons, tying the salary to the value you can bring, for example:
'This expectation is based on my 5 years of experience in similar projects, where I contributed to cost optimizations of 2 million. I am confident I can quickly create value for the team.'
- After giving the range, immediately follow up with reasons, tying the salary to the value you can bring, for example:
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Leave Room for Flexibility
- If the other party indicates the range is high, you can顺势 inquire about other forms of compensation (e.g., annual bonus, stock options, training resources), demonstrating flexibility:
'Salary is just one part of the overall compensation package. I also value growth opportunities. If there's flexibility in the compensation structure, we can discuss further.'
- If the other party indicates the range is high, you can顺势 inquire about other forms of compensation (e.g., annual bonus, stock options, training resources), demonstrating flexibility:
Summary:
The core of answering the salary question is 'delaying the quote—exchanging information—anchoring value.' Gain the initiative by asking counter-questions, support your expectations with research data, consistently link salary to your value, and ultimately achieve a win-win outcome through flexible negotiation.