What Is Your Minimum Salary Requirement

When you write your salary requirements you should include a range and not a specific sum. Should you give a salary range.

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Offer a specific number.

What is your minimum salary requirement. Below Welch shares a helpful three-step process to follow when preparing your answer. My salary requirement is in the 65000 to 80000 range. Salary requirements can be included in your cover letter with sentences such as My salary requirement is negotiable based upon the job responsibilities and the total compensation package or My salary requirement is in the 40000 to 45000 range.

In order to confidently discuss your salary requirements Welch says you have to. Employers ask about salary requirements in every interview. By stating a salary higher than they might be willing to pay you risk little harm so long as you indicate that your salary requirements are flexible.

This can be based on what you discovered in your research or based on your personal salary history. Your annual salary requirement is in your hands. Only you know what that is but theres no point wasting time if this particular job doesnt meet your income needs.

These salary requirements do not apply to outside sales employees teachers and employees practicing law or medicine. Also keep your range somewhat tight with a variance of no more than 5000 to 10000. For the administrative professional and executive exemptions under state law employers with 26 or more employees must pay a salary of at least 1120 per week beginning January 1 2021.

Your minimum salary requirement is how you pre-decide when youre willing to walk away from this salary negotiation. Salary Basis Requirement To qualify for exemption employees generally must be paid at not less than 684 per week on a salary basis. Meanwhile exempt workers in California must be paid a salary that is at least twice the state minimum wage.

This way there is an opportunity to negotiate. Assuming your target salary is 47000 you could say. Keep in mind however that the employer may opt for the lower end of your range so make sure your target number is as close to the bottom number as possible.

Learn to express your minimum salary requirement like a professional. I am seeking a position that pays between 75000 and 80000 annually. When youre at the negotiating table its a better strategy to provide a number and the more specific the number the better.

Im looking for a position which pays between 45000 and 52000 for a 35-hour work week. There is probably a salary that is too low for you. Employers with fewer than 26 employees must pay a minimum salary of at least 1040 in 2021.

For example instead of asking for 60000 ask for 61750. As of January 1 2020 to be considered an exempt employee in the United States a worker must be paid a minimum wage of 684 per week or 35568 per year. On the other hand you dont want to just tell the interviewer something like well I must make at least 40000.

My salary requirement is in the 35000 40000 range Giving a range as your answer gives you some flexibility while also keeping you from being offered too low of a salary or being kicked out of the hiring process for expecting too much. Understand that if you offer a range they will usually choose the low end of the range in their initial offer so maybe bump up the range a bit. This is also the single most important number youll use when negotiating your salary and its your minimum metric for measuring success.

And at the same time you are communicating that you already know your skills are valuable. For instance if you would like to make 35000 then you should state that your salary requirements are between 30000 and 40000 rather than 35000. When answering the salary requirement question during your job interview a salary range is advisable.

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