What Are Your Salary Expectations? | Telephonic Interview Tips for Success

Summary

In this video, job seekers learn crucial strategies for discussing salary expectations during interviews. It highlights common mistakes, such as requesting excessive salary hikes or providing generic percentage increases, which can jeopardize their applications. Instead, candidates are encouraged to inquire about the salary range first and present a flexible expectation based on the role's responsibilities and growth opportunities. The video emphasizes the importance of balancing salary discussions with a focus on long-term career goals, ultimately guiding candidates to approach negotiations with confidence and strategic thinking for a successful interview outcome.

Takeaways

• 😀 Avoid asking for a significant salary increase (e.g., 60% hike) upfront, as it may lead to your profile being put on hold.
• 😀 Standard salary expectations (e.g., 20-30% hike) can be perceived as a lack of strategic thinking by recruiters.
• 😀 Demonstrating interest in job responsibilities and company culture is crucial during salary discussions.
• 😀 Inquire about the salary range for the position first to show openness to negotiation.
• 😀 Provide a flexible salary range (e.g., 16-18 LPA) that includes variables, and express willingness to negotiate.
• 😀 Emphasize your skills and how they match the role, highlighting your long-term goals with the company.
• 😀 Ask about salary ranges politely and only once to avoid coming across as pushy.
• 😀 Understanding how the company values the position can help avoid undervaluing yourself in negotiations.
• 😀 The way you present your salary expectations can significantly impact the outcome of your application.
• 😀 Sharing useful content and tips can help others in their job search journey, creating a supportive community.

Q & A

What is the common mistake candidates make regarding their expected salary during interviews?

Many candidates ask for a significant salary hike upfront, which can give the impression that they are primarily focused on financial gain rather than on the role or company culture.

What percentage of salary hike is often considered too high to ask for?

Asking for a hike of around 60% is generally seen as excessive and can lead to a candidate's profile being put on hold.

What is the impact of stating a generic salary hike percentage?

Stating a standard request for a 20-30% salary hike is common but can suggest a lack of strategic thinking, leading recruiters to offer the lowest possible salary.

How should a candidate ideally frame their salary expectations?

Candidates should express their salary expectations by first asking about the salary range for the position and then providing a flexible range that reflects their value and openness to negotiation.

What is a recommended salary expectation response in an interview?

A good response would be: 'I’m expecting a range between 16 to 18 LPA including variables, and I'm open to discussions based on the job responsibilities and other benefits.'

Why is it important to demonstrate flexibility in salary expectations?

Showing flexibility indicates that the candidate is not solely focused on salary but is also considering other factors like career growth and job responsibilities, which can enhance their candidacy.

What is a pro tip for discussing salary during an interview?

Inquire about the salary range only once and do so politely; if the recruiter seems uninterested in disclosing the information, avoid pressing the issue further.

How can candidates avoid undervaluing themselves when discussing salary?

By first asking about the company's salary range and expressing their expectations in a way that considers their skills and the responsibilities of the role, candidates can avoid undervaluing themselves.

What should candidates focus on when discussing salary during interviews?

Candidates should focus on how their skills align with the role, the responsibilities involved, and how the compensation reflects their experience, rather than just the salary itself.

What should candidates do if they feel the salary range is not disclosed?

Candidates should refrain from asking about the salary range multiple times to avoid appearing pushy; instead, they should trust the interview process and focus on demonstrating their value.