Description
Could you share with us your current salary?
1. Transparency : Ability to openly share current compensation details signaling honesty.
2. Self-valuation : Understanding of one's worth based on skills, experience, and market rate.
3. Negotiation : Tact in handling compensation discussions which can be a basis for salary negotiation.
4. Confidentiality : Respect for the privacy of one's current remuneration, balanced with the transparency needed in interviews.
1. Compensation Benchmarking : To understand your remuneration expectations and see how it aligns with their budget or salary bands for the role.
2. Experience Assessment : To gauge if your salary corresponds with your experience and the value you could bring to the team.
3. Market Positioning : To determine how your current compensation compares to the market rates for similar roles.
4. Negotiation Preparation : To prepare for future salary negotiations by understanding your current earnings and expectations.
1. Knowledge of market rates : You should be aware of what is competitive for your role and experience in your region.
2. Non-disclosure clauses : If your contract prevents the disclosure of salary, you can highlight this while still providing a salary range.
3. Total Compensation : Consider mentioning the whole compensation package, including bonuses, shares, and other benefits, not just base salary.