Published On : December 06, 2016
What salary are you currently making? is one of the most common interview questions worldwide. It comes in a few different shapes and forms- including "How much are you being compensated for your current work duties?" and "How much do you earn on the job?" No matter how it's worded- employers are all trying to get the same information. While this question might just seem simply awkward and uncomfortable- interviewers actually learn a great deal during this process- such as how much they can offer to pay you or if they can expect to gain your services at all. Your answer can even help them to assess your value as an employee based on what previous bosses have offered to pay you for your help. While this all may sound very overbearing- there's no need to fear. While it may be hard to formulate a response to this question at first- with a little foresight and a lot of preparation- any interviewee can create an answer that will help set him or her apart from the competition.
How to Answer the What Salary Are You Currently Making Interview Question
Do Your Research: This is the first step to formulating an excellent response to all interview questions- but especially this one. When you're asked what your current salary is- it's important to know the repercussions of your answer. Use online and face-to-face resources in order to do some research on the average salaries for jobs in the field in question in order to determine how your answer could impact your chances at getting the job or a significant pay raise. For example- if a company plans to offer you an annual salary of around $70-000 and you disclose that you currently earn only $55-000 per year- they are likely to drop the sum to around $60-000 instead. On the other hand- if you make much higher than the salary they have budgeted for the position you're interviewing for- they're likely to assume that you would not accept the pay cut and choose not to pursue you as a potential employee any longer. Therefore- knowing the possible consequences of an answer before offering it freely is always wise.
Turn It Around: Ofte- one move that works is to answer salary interview questions with another question. As unlikely as it sounds- this can sometimes save a great deal of awkwardness in this situation and open up a venue for a two-way conversation to take place. Instead of simply outright answering the question- take the opportunity to ask what the employer's rough salary range for the position you're interviewing for might be. Emphasize your flexibility when it comes to these numbers during your returned question- as well as your overall focus on potential growth and development over the years. Generally- the worst that can happen in this situation is the employer will refuse to answer your new inquiry and will simply repeat the original one.
Always Be Honest: Regardless of what you believe the consequences of an honest answer might be- never lie about your current salary. These types of lies are easily uncovered by a little research and can result in the loss of the opportunity in question and a smudge on your all-important professional reputation. Even if you feel that your current salary lies within a perfectly acceptable range- it's always good to place a little extra emphasis on your enthusiasm on the job in question- and your flexibility when it comes to details pertaining to salaries. This can help to open up a conversation and a discussion of the salary in question while ridding the room of that unnecessary tension.
Sample What Salary Are You Currently Making Interview Answers
1. I'm very flexible when it comes to salary. What I'm more concerned with is being involved in a work environment that has a lot to offer in the way of growth and development- as well as working with an excellent team and product that can really make a difference. If you'd be willing to share a rough salary range you might have in mind for this position- I'd love to discuss it with you to make sure that the figure can fit both of our needs comfortably.
2. Of course compensation is important in any position. However- I find that I'm looking for something more in my new job as well- rather than just a large salary. I'm really looking for a constructive atmosphere and a company with teams that are looking to make a difference in the world- something that can really help build my skills and challenge me to use them to the best of my ability on a daily basis- and I feel like this position fits the bill perfectly. If you already have a budgeted salary in mind- perhaps we could discuss the terms and come to some sort of agreement.