Current Salary Versus Desired Salary (DO YOU KNOW THE DIFFERENCE?)

Summary

When entering a job interview you know you will be met with a lot of questions – some expected and some that will hit you out of the blue.

Whether it’s expected or not, there is one question that seems to consistently confuse job seekers. If that’s you, you’re not alone. So, don’t worry!!

This week, I will discuss one of the biggest and confusing interview questions – Current Salary versus Desired Salary.

Of course, you want to make sure you are getting the pay that you deserve. That pay should be determined by looking at pay based on your state, your skills, years of experience, etc.

But you also want to make sure you are not being offered a pay based off you disclosing what you currently make.

This video will highlight how to answer both questions – what is your current salary and what is your desired salary.

Trust me, there is a right and wrong way to answer. Approach can make a big difference.

Make sure to take notes and practice how you would answer both questions.

 

Like always, stick around to the end where you will find my favorite segment, CareerSuccess Bonus Tip for UPs.

How would you like #CareerSuccess resources just like this right in your inbox every week?  Click here to join the job seeker community.

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Related Posts

Getting The Pay Your Deserve (Five Easy Steps)

Salary Negotiation After Offer

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Inspirational Quote

 

Transcript

Hey Jobseekers, Jennifer Tardy here and you are tuning in to the #CareerSuccess channel for Ups. Today’s video will be discussing current salary versus desired salary, the difference and how to handle being asked each question.

As always, I will be sharing with you guys my favorite segment which is the #CareerSuccess Bonus Tip for UPs. It’s going to be a good one so stick around to the end! You don’t want to miss it!

For too long our salaries have been on PAUSE, and our finger has been on the button.

If you think your salary is on PAUSE and you want to work with me directly to learn how to “Press PLAY on your PAY,” visit JenniferTardy.com/salary to take our newest course in the Career Success University.

There has been a lot of conversation presently around pay equity. There’s a lot of work happening in jurisdictions all over the country to help to close the wage gap between men and women. One of the biggest advances that I’ve seen so far is that some states have made illegal the question (on the application or otherwise) – “what is your current salary?”

So, let’s start with that question.

How to answer the question, “what is your current salary?” Long story short, you should not answer this question and avoid it at all costs of you can.

I’ve stated this in a previous video, but there is no business reason for an employer to know your current salary except for the ability to save on the cost of hiring you.

If an employer knows your current salary, they can still pay you more and still save money. Pay equity is all about making sure that you earn what your job is worth.

If you are forced to answer this question, rather than giving your current salary, tell them that according to your research, a person in this role typically makes…$X and you are seeking something along those lines.

“When Does Salary Negotiating Start” (THE ANSWER IS NOT WHAT YOU THINK)” 

Quick Pause! If you have ever been asked, “what is your current salary,” how did you respond?

How to answer the question, ‘what is your desired Salary?” I also made a video all about just this question. You can click here to view it.

But in short, your desired salary for a position is what the market pays for the position. But do you know what the market pays?  

It will be easier to answer this question if you have already done your research.  

Some career coaches will tell you to give a number versus giving a range, but I’m a big proponent of a narrow range. Or saying, here is the average pay for someone in this role, I’m looking for something within this range. That way, you do not get stuck on just one number.  

Make sure to check out “What Is Your Desired Salary (HOW TO ANSWER)”

Do you ever get nervous when being asked, what is your desired salary? If so, tell me WHY .  Leave a comment below in the comment section discussing your experience.

As Promised, I wanted to share with you a career success tip!

CareerSuccess Bonus Tip for UPs:

I continue to do research on what’s happening regarding pay for UPs. And there are three major things that are happening to us that perpetuate this wage gap. And it is not all happening to us. Some things we do control.  

  1. We are not being paid the same as people who are doing the same or similar work.
  2. We are not negotiating our pay.
  3. We are going into roles that have historically lower pay.  

Thanks for hanging with me throughout this video! Hope you enjoyed the information discussed!

As a reminder, you don’t have to answer the question of “what is your current salary” unless it is required of you and make sure to answer the question of “what is your desired question” with a true number or range based on market research where you can provide proof of your findings.

If you are watching this video, I’m thinking you may be interested in another free gift of ours. It is a free downloadable guide: 21 Pieces of Career Advice for Underrepresented Populations.

If you liked this video, be sure to subscribe to the channel, show like in the video, leave a comment, share with your friend, and hit the bell so that you can be notified when new videos are uploaded.

As always, for us to be #underrepresented no more, we must Learn, Engage, Apply, Repeat, Now.

I’m Jennifer Tardy your CareerSuccess coach! I’ll see you in the next video!

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