What Are Your Total Compensation Expectations

Assuming your target salary is 47000 you could say. What is total compensation expectations.

Payscale S Salary Negotiation Guide Best Answer To The Question What S Your Salary Range

This includes your base salary and non-cash compensation such as benefits vacation stock-options health insurance stipend 401k etc.

What are your total compensation expectations. Factor in all youve learned during your research and the interview process. Total compensation includes the base salary but it also includes the value of any benefits received in addition to your salary. For example if a total commission is 1000 and a sales rep reaches 90 of their quota they get 90 of the commission.

You seem rude if you answer in this manner. Paid time off vacation days sick days and holidays. For example you might tell them your expected salary is 65000 but the minimum they pay for that job is 70000.

Thank you for asking. So when an employer now asks you to give your expected salary you have to be ready to give a number not a range. The candidates compensation expectations and whether the employer can meet them remain the only major unsettled questions.

Typically the value of non-cash compensation will range from 40-60 of the value of the cash compensation but it can be significantly higher in some cases. Total compensation includes the base salary but it also includes the value of any benefits received in addition to your salary. When someone asks What are your salary expectations dont say frankly XXX Lakhs per annum would do just fine.

Consider the salary and benefits on your job application as an added incentive to work at the company. There are several parameters that make up total compensation both quantitative and qualitative -- base pay bonus benefits stock options vacation time work-time balance comparison to prior. Total compensation is expressed in the same way as a base salary which is in terms of gross income on an annual basis.

Then they would pay you 70000 even though you only asked for 65000a huge win. I am however flexible and open to hearing about the companys compensation expectations for this position. How do you answer the question - what are your total compensation expectations.

You only receive compensation from your employer if you sign an offer letter. This will allow you to remain flexible while still giving the employer a clear answer. HR professionals define total compensation as the annual sum of an employees base salary their short-term incentives STIs and their long-term incentives LTIs.

One frequent predicament that arises is how to handle the What are your compensation expectations question. Im looking for a position that pays between 75000 and 80000 a year. You can create this range based on research or your own experience in the industry.

Even if you start by emphasizing your flexibility most employers will still want to hear specific numbers. Be honest but dont take a point-blank shot at it. If you run into the base salary cap theyll start adding equity and sign-on bonuses to improve the offer.

Your desired compensation takes into account the total value of any financial benefits. Understanding total compensation can help employees visualize the total value of all compensation and reward elements in their individual pay packages. On May 4 a majority of shareholders at.

This includes gross wages and extra financial compensation such as bonuses or commissions as well as the employer-paid portion of retirement plan contributions insurance premiums and paid time off benefits. In addition to your salary there may be other benefits privileges or forms of compensation that you consider to be of the same value. Nope just say something like Id like to get through the interview process so I have a better understanding on the job role and expectations before I can.

Whether raised by employers at the beginning middle or end of the process this inquiry often asks candidates to move their first pawn in a vacuum without much if any information. I feel that an annual salary between 67000 and 72000 is in line with the industry average and reflects my skills and experience level well. Total Compensation definition.

If you go with this approach be prepared in case the interviewer presses you for an answer about your compensation expectations. In this case offer them a range plus or minus about 10000-20000. The base salary cap.

The most unique thing about Amazon job offers is that they typically cap base salary at somewhere around 165175k depending on division and geographic location. Also keep your range fairly tight with a difference of no more than 5000 to 10000Example. For others its simply a way to determine compensation alignment without showing their cards first.

Some of the benefits that are most commonly provided within a total compensation package include. Second if you have not been provided any information about the compensation range for the role for which you are applying it is perfectly reasonable not to provide your salary expectations until you receive more information. However it includes more than just the money paid to an employee.

A straightforward answer is never a good option. Except theyre paying you the absolute minimum salary they possibly can and you couldve gotten a. Provide a salary range.

A total compensation statement includes the monetary cost of all forms of compensation on the part of the employer. The employer will very likely want a specific number so another strategy is to give them a number or a range. Whats included in a total compensation statement.

Employers ask you about desired compensation during an interview so they can get a feel if your answer aligns with their expectations for the position. You risk your complete effort in the interview if you talk like that.

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