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How do you respond to salary requirements in a cover letter

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We have updated our cookie policy. We use cookies to ensure that we give you the best experience possible on our site. This includes cookies from third party social media sites and ads. Such third party cookies may track your use on this site. Job advertisements sometimes ask you to specify salary requirements when submitting your cover letter. If a job posting requires you to address salary requirements in cover letter or resume form, not all is lost.
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How do you respond to salary requirements in a cover letter
How do you respond to salary requirements in a cover letter
How do you respond to salary requirements in a cover letter
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It can be a tricky subject to navigate, but when you walk into a job interview, you should always be prepared to answer the question, "What are your salary requirements? Bestselling management author and CNBC contributor Suzy Welch says that it's understandable that this common interview question causes many candidates to "panic" — your answer requires strategy, subtlety and confidence. But challenging though it may be, it's essential that you get this one right. If you undersell yourself when answering this question, Welch tells CNBC Make It , you run the risk of being "underpaid and undervalued from day one. In order to confidently discuss your salary requirements, Welch says you have to "understand the answer to this question is not about what you want, your experience level or your previous salary. That's why doing your research is crucial.
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What do you do? Before we look at your options, let's examine why employers ask for these things. Most often, the simple reason is that employers want an easy screening device to help sort applicants, and those applicants with a salary requirement too low or too high are discarded. Other times, the employer is looking to save money by hiring a job-seeker at the low end of a salary range.
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If a company does not request salary requirements in your application, then don't supply. Stating what you expect for a salary when a company does not ask may dramatically lessen your chances of getting an interview. When an employer does request your salary requirements, note your ideal range, and note that the range is negotiable if that's the case. A few tips and ideas are available below to help you complete this task in a professional manner. When a company is looking to fill a position, they are looking for someone with the necessary qualifications — and they already have a figure in mind as far as salary.
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