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What Is Your Expected Salary: Basic Interview Questions and Answers

Once the interviewers and interviewees finish talking about the technical skills, roles & responsibilities and other stuff, they come to the real subject: Salary, aka Money.

 

The subject of salary is the most important subject, but the least discussed subject in any interview.

 

Being uncomfortable while talking about money is a very common human characteristic. Humans can share food and shelter if they have in surplus, but they don’t share any money.

 

Talking about money in interviews and getting uncomfortable is very natural. But there are a few simple ways that can make this money talk meaningful and satisfying.

 

Let’s have an example of a live interview-

 

Interviewer: so, Mr. Abc what is your current salary/ CTC?

 

Interviewee: my current CTC is six-lac-per-annum, including/excluding the variables. I also get various benefits, such as…

 

Interviewer: what is your expected salary/CTC?

 

Interviewee: Well, as of now I do not have any exact numbers in mind, but I would, of course, be expecting a very reasonable hike/ competitive hike on my current salary.

 

Note- There are cases when the interviewee feels that she/he is underpaid or her/his salary is quite lesser than general standards. In such cases, the interviewees expect more than just company standards or norms. Thus, there could be a different answer.

 

Interviewee: Well, I believe, I’m underpaid as compared to my skills and experience. Thus, I would be expecting the best compensation the company would offer. A salary or CTC near *number* is what I expect. Also, I’m always open for any margins.

 

The crux of the matter: putting a direct figure in a salary negotiation is not a very wise move.

 

Putting an exact figure or number can reveal many things about one’s personality. It can also reveal one’s sales and marketing approaches, or how the candidate deals with money matters.

 

Being indirect and articulate while negotiating your salary can add to your successful interview.

 

Also, in case you want to be very precise in your salary negotiation, you can be. It depends upon the interviewers and their discretion how they take the matter.

 

Interviewer: what is your notice period?

 

Interviewee: my official notice period is 90 days/three months. But, it always can be negotiated with my manager. We also have this buy-out option in my company. Thus, considering all the options, I believe, I can come out in 45 days to 60 days.

 

Interviewer: you have been working with your current company for quite a long time. Why are you quitting now?

 

Interviewee: Well, of course, I’ve been working with my current company for a long time, but I am more conscious about my career now. I believe this is the right time I should be making a decisive move in my career. I do think this is the time I should place myself in a place suitable to my experience and skills.

ALSO READ:

5 Salary Negotiation Tips that Work! – Forbes

How to Negotiate Salary: 37 Tips You Need to Know – The Muse

Salary Negotiation Strategies: A Guide | Monster.com

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