TALKING ABOUT MONEY
Strategies for Answering Questions about “What remuneration you are looking for?”
When you are interviewing for a job, one of the most important questions you will be asked is what remuneration you are looking for. This can be a tricky question to answer, as you don't want to undervalue yourself or overvalue yourself.
There are a few strategies you can use to answer this question effectively.
1. Do your research.
The first step is to do your research and understand the market rate for your position. You can use online tools like such as salary research on SEEK or Glassdoor to get an idea of what other people in your field with your experience are making.
2. Be prepared to negotiate.
It's important to be prepared to negotiate when you are asked about your remuneration. The employer may not be willing to offer you your desired salary, but you may be able to negotiate for other benefits, such as a signing bonus, stock options, or flexible work arrangements.
3. Be flexible.
It's also important to be flexible when you are answering this question. The employer may not be able to offer you your desired salary, but you may be able to find a salary that you are happy with if you are willing to be flexible.
4. Focus on the value you bring to the company.
When you are answering this question, it's important to focus on the value you bring to the company. Highlight your skills, experience, and accomplishments, and explain how you can help the company achieve its goals.
5. Ask questions.
If you are unsure about what to ask for, you can ask the interviewer questions about the company's budget for the position or the salary range for similar positions. This will give you a better understanding of what the company is willing to offer.
Here are some examples of how you can answer the question about remuneration in an interview:
"I'm looking for a salary that is competitive with the market rate for someone with my skills and experience. I've done some research, and I believe that a salary of [salary amount] would be fair."
"I'm open to negotiation, and I'm confident that we can find a salary that we are both happy with."
"I'm more interested in the overall compensation package than I am in the salary itself. I'm looking for a package that includes a competitive salary, benefits, and opportunities for growth."
By following these strategies, you can answer questions about remuneration effectively and negotiate a salary that you are happy with.
I hope this helps!