What Is Your Salary History?

What Is Your Salary History?

Important Update: As of 10/1/2017, New York City prohibits any company or recruiter from asking about an employee's salary history. More US states have recently agreed to ban the practice of requesting salary history. See if you are affected locally by these new laws. 

So, your interview is going smoothly until you are asked, “What Is Your Salary History?” By then, you will have wished you read this article.

Most people dread discussing salary with friends and family. So much so, that it is considered rude to even bring up the discussion! Unfortunately, this is a fairly common question when an individual is on the job hunt.

There are a few ways to effectively answer this question without yelling, “None of your business!”

It all starts with the application

Many applications include “Salary History” or “Desired Salary” as one of the required fields. We advise that you do not disclose these figures at this point of your job search.

The number you provide could actually hurt your chances of being called in for an interview, regardless of your experience. If possible, use dashes or Asterisks in place of a value in order to fill the required text and move on with the application.

The goal here is to make sure you are considered for your qualifications and not rejected because of money. You will most likely be asked again, but establishing a ground in which you can negotiate later will only benefit you.

So you got a callback

If you have received a call for an interview, Congratulations! Now, many companies are different so whether you have 1 or 5 interviews to go through, try to withhold a dollar figure as long as possible. The company is not asking about your salary history just for fun.

They will use this number to gauge your market value. They will not disclose what they have paid people in a given position in the past, so why should you?! For further preparation, check out our blog of 50 Top Interview Questions and Answers.

When asked this question in an interview, keep in mind that the first person to disclose a figure loses. You should be able to flip the question on them fairly easily by asking for their expectations for the position. If they give you a certain range, you should use that figure as a STARTING POINT when negotiations start. This is because they are not going to throw out their top offer; you have to work for it!

You spilled the beans

Either you felt pressured or you assume that what you made previously aligns well with the future employer's expectations… That’s OK! As long as you are not asked to leave once you have disclosed a figure, it is not the end of the world.

Make sure that if you disclose your salary history, you tell the truth! Hiring managers can potentially verify your pay range, so lying would not help your chances in this scenario. Ideally, you have a realistic net worth in mind and the employer is not trying to “low-ball” you in terms of their offer. Remember to include bonuses and stock options if you choose to share your salary information. This will ensure that you receive a higher starting salary with the new company than if you were to leave these items out of your salary history. Good Luck!

If you need some extra help preparing for your job interview, Find My Profession offers expert interview training that is guaranteed to help you land your dream job.

  • How To Write A Great Resume Summary Statement

    How to Write a Great Resume Summary Statement

    So, you sat down to start your CV and can’t figure out how to write your resume summary statement. Don’t worry. We’ve got your back! In this article, we will outline a few essentials you need to write a great resume summary. First, there is a difference between a resume objective and a resume summary statement.

    Find My Profession by The FMP Contributor
    Read On
  • 7 Tips When the Hiring Manager is a Skype Interview No Show

    7 Tips When the Hiring Manager is a Skype Interview No Show

    As a job seeker, you spend a great amount of time setting up a Skype interview or phone screening. The best Skype interview involves more than just sitting in front of a webcam talking to a hiring manager. You work to be on time, so what do you do when the interview no-show turns out to be the company?

    Find My Profession by The FMP Contributor
    Read On
  • 8 Ways to Let Recruiters Know You're Job Seeking

    8 Ways to Let Recruiters Know You're Job Seeking

    If you are currently employed and job seeking, it is risky to announce on LinkedIn that you want a new job. This is a good way to lose your job fast. So, managing the job search takes a bit of discretion and LinkedIn communication skill. Read these 8 ways you can let recruiters know you are job seeking.

    Find My Profession by The FMP Contributor
    Read On
See All Articles