experience
What is Your Desired Salary? How to Answer Recruitment’s Trickiest Question
What’s your desired salary? It’s a question that will sweat out even the most confident applicant. The question will eventually pop up at one stage or the other during the recruitment process. What you need to do is be strategic about it. If you lowball the number, you will have to settle for less. If you go for the high, you might not be considered anymore. So how do you answer this? Let’s find out.
What is Desired Salary?
A desired salary is pretty much self-explanatory. It refers to the amount you expect in exchange for your service. A desired salary is useful both for the employer and the potential employee. It allows the employer to understand the expectations of the potential recruit and assess whether it fits within their budget or not.
On the other hand, a potential candidate can determine a desired salary based on their experience and skills for a position. However, it is important to research the market rate for similar positions and be prepared to negotiate to reach a mutually satisfactory salary package.
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How to Determine the Appropriate Desired Salary
From the perspective of Bangladesh, the concept of desired salary holds little value in most hiring cases. Unless you are applying for a highly technical position or a mid-career switch, the negotiations hardly work in favor of a candidate. Still, there are several ways to determine the appropriate salary. Here’s how.
Understand the Industry Standards
Research what the industry standard is for the role you’re applying to. Consider location, required skills, and level of experience in this regard. Bdjobs, Chakri, and CareerJet can be good starting points for the research.
Match Your Skills and Experience
Be realistic about where you are skills and experience-wise. For example, if you apply for a position requiring 2-3 years of experience as a fresher, chances are you won’t even make it to the preliminary screening let alone salary negotiations.
Read more: Empower Your Tech Career in 2024: Master These In-Demand Skills for Success
The best approach would be to again research what other companies are paying for your skills and experience level to get an estimate.
Factor in the Benefits
Many organizations offer benefits and perks like commute allowance, mobile allowance, rent subsidy, and high bonuses. Consider all the benefits you will be getting before estimating a number.
Consider Future Growth Potential
Another thing to consider is the future growth potential of the company. In the case of a company with a robust growth and promotion structure, an initial low salary can be offset by long-term career earnings.
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9 months ago
Huawei brings seven new devices for smart experience
At the Huawei Spring 2022 Smart Office Launch, Huawei Consumer Business Group has announced the launch of seven new products.
The products include Huawei's latest flagship laptop, first all-in-one PC; new 2-in-1 laptop, E-Ink tablet, printer, new HarmonyOS tablet and portable speaker.
The announcement came yesterday as a part of a larger plan Huawei announced to create smart offices and fresh experiences for global consumers.
READ: 5G Quiz campaign: Huawei announces winners
Huawei also launched its Mobile App Engine, which allows PC users to tap into the rich variety of content in AppGallery for fresh experiences, enriching the PC app ecosystem.
The new Huawei MateBook X Pro, MateStation X, MateBook E, MatePad Paper, and MatePad all support Super Device features.
Also, users of existing models can experience Super Device features by upgrading their Huawei PC Manager to the latest version.
2 years ago