Description
Could you please share your current Cost to Company, or CTC?
1. Transparency : Demonstrates your willingness to be open about your current compensation package.
2. Market Awareness : Shows your understanding of the standard for your role and experience in the industry.
3. Negotiation : Provides insight into your ability to effectively negotiate your salary based on your previous compensation.
4. Financial Acumen : Reflects your comprehension of compensation structures and benefits in professional settings.
1. Compensation Benchmarking : Helps the employer determine if they can meet or exceed your current compensation package.
2. Expectation Setting : Allows the employer to understand your financial expectations and if they align with the budget for the role.
3. Assessing Market Value : Gives the employer an idea of your perceived market value from your current or previous employer.
4. Judging Negotiation Skills : To see how you've negotiated in the past which might reflect on your future negotiations and understanding of your own value.
1. Know your numbers : Ensure you know the breakdown of your current compensation package adequately.
2. Consider your minimum : Be prepared to discuss the minimum salary you'd expect, considering your current CTC.
3. Prepare for follow-up : Be ready for potential follow-up questions about your benefits and reasons for seeking a salary at a certain level.