Question: What Is Desired Compensation?

How do you answer the question how much do you want to get paid?

What to Say When the Interviewer Asks How Much You MakeTell the truth.

Be honest about what you make, but also say how much money you’d require to accept the new position.

Explain what you’d like to make.

Don’t say exactly what you’d like to make, but offer a salary range.

Turn the question on its head..

How do you answer why should we hire you?

Make his job easier by convincing him that:You can do the work and deliver exceptional results.You will fit in beautifully and be a great addition to the team.You possess a combination of skills and experience that make you stand out from the crowd.Hiring you will make him look smart and make his life easier.

What is compensation with example?

The definition of compensation is something of value given in exchange for something else. The money a company pays to its employee to do work is an example of compensation. When a person gets into a car accident and injures someone, the money he pays to the injured victim for his losses is an example of compensation.

What should I say in salary negotiation?

11 Words and Phrases to Use in Salary Negotiations“I am excited by the opportunity to work together.” … “Based on my research…” … “Market” … “Value” … “Similarly situated employees” … “Is that number flexible at all?” … “I would be more comfortable if…” … “If you can do that, I’m on board.”More items…•

What are the four types of compensation?

The Four Major Types of Direct Compensation: Hourly, Salary, Commission, Bonuses. When asking about compensation, most people want to know about direct compensation, particularly base pay and variable pay. The four major types of direct compensation are hourly wages, salary, commission and bonuses.

What should I put for desired compensation?

You can leave the desired salary field blank, write “negotiable,” or put “999” or “000” if a number is required to submit the online application. Then, if there’s a place to put a note later in the application form say, “Regarding starting salary, this is negotiable and can be discussed during an interview.”

How do I ask for compensation?

If you’re asking about salary, use the word “compensation” rather than “money and ask for a range rather than a specific number. Likewise, if you want to find out about work-life balance, it may be more useful to approach the topic in terms of “office culture.”

Is it okay to ask for compensation?

If you plan to take the job no matter what, wait until they bring up salary. If you are only willing to take the job if it meets specific salary requirements, ask for the salary information up front. The way you ask about the salary can make a big difference to the way the company perceives your question, however.

What are the three types of compensation?

3 Types of Compensation Packages To Consider and WhyStraight salary compensation. Salaried employees are paid a set annual amount, and provided that amount is more than $23,660 per year, they do not receive overtime pay. … Salary plus commission compensation. … Straight hourly compensation.

What is your strength best answer?

Using the Job Description to Frame Your Answer: In general, your strengths should be skills that can be supported through experience. For example, if you list communication as a strength, you may want to recall a situation in which you used communication to reach a goal or resolve a problem.

What are your weaknesses?

Example weaknesses for interviewingI focus too much on the details. … I have a hard time letting go of a project. … I have trouble saying “no.” … I get impatient when projects run beyond the deadline. … I could use more experience in… … I sometimes lack confidence. … I can have trouble asking for help.More items…•

How do you negotiate compensation?

Salary Negotiation Tips 21-31 Making the AskPut Your Number Out First. … Ask for More Than What You Want. … Don’t Use a Range. … Be Kind But Firm. … Focus on Market Value. … Prioritize Your Requests. … But Don’t Mention Personal Needs. … Ask for Advice.More items…

Why is it rude to ask salary?

Some people make a lot of money and others don’t make as much. … Another example, a very low income earner doesn’t want to be judged for not making enough money to feed their family. In conclusion, asking someone’s income is rude because it’s irrelevant to establishing a relationship with them.

What is compensation and its types?

The total compensation offered to an employee may be broken down into direct, indirect and intangible compensation. Direct compensation involves monetary payments to employees for time worked or results obtained.

Why do u want this job?

The hiring manager wants to: Learn about your career goals and how this position fits into your plan. Make sure that you are sincerely interested in the job and will be motivated to perform if hired. Find out what you know about the company, industry, position (and if you took the time to research)

What compensation means?

the state of being compensated or rewarded in this way. something given or received as an equivalent for services, debt, loss, injury, suffering, lack, etc.; indemnity: The insurance company paid him $2000 as compensation for the loss of his car.

What to say when they ask you tell me about yourself?

A Simple Formula for Answering “Tell Me About Yourself”Present: Talk a little bit about what your current role is, the scope of it, and perhaps a big recent accomplishment.Past: Tell the interviewer how you got there and/or mention previous experience that’s relevant to the job and company you’re applying for.More items…