Browse by Category
Browse by Date
Tricky Interview Question...
In my last interview, I was asked how much money I make now. Why do they need to know that? What would have been the best way to respond?
If they know your current or previous salary, they can offer you just a little more, and you’ll probably be happy. Maybe they budgeted a lot more than that, but you’ll never know. Then next year, at evaluation time, if you’ve been a great employee, maybe you’ll get the whole amount that you could have gotten on Day 1. The only trouble is that you’re now a year behind. This may follow you the rest of your career and into retirement.
Do your homework. Company research is tremendously important, and not only on salary issues. Find out everything you can about the tasks, the environment, the theory of management, the possibilities for advancement, the teams, and yes, the salary structure. The more you know, the better off you are.
Your network can help you with this. Talk to people who do what you want to do, or work where you think you want to work. Remember your LinkedIn connections, in addition to the people you know live. There are also websites, such as Glassdoor.com, that encourage people to review their companies.
As for the company you’re negotiating with now, it’s best to assume that they don’t want to pay more than they have to. They’re in good company, along with everyone who shops at Walmart rather than Target, or at Target rather than Nordstrom. Everybody wants a bargain. Just don’t let them get one at your expense.