What Is Your Target Compensation By asking for your salary requirements they can assess if your desired salary range is reasonable and within their capability to offer Usually this interview question is asked to ensure that both parties are on the same page regarding compensation expectations before proceeding with the hiring process
What is your target compensation These are common questions job candidates and seekers likely have or will encounter on a job application or in an interview question when speaking with a Recruiters ask about compensation expectations to ensure expectations are in line with the company s salary range gauge what type of candidate you are and understand your longer term expectations Research the position factor in expenses provide a range show flexibility and be honest when answering this question
What Is Your Target Compensation
What Is Your Target Compensation
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Example My target is 95 000 in total compensation I m open to discussing how we could structure that between salary bonuses and other benefits Template 5 I d prefer to learn more about the role and your compensation structure before giving a specific number If your ideal number for compensation can t be met try to find a medium ground if you re truly interested in the position and opportunities that come with it Accepting a slightly lower salary to meet favorable accommodations such as working from home flexible schedules and or extra PTO days isn t out of the question for some
You should also make sure you understand that getting a higher starting salary could mean lower pay increases during your time with the company 4 Don t name a range you would be unhappy to accept Your desired compensation takes into account the total value of any financial benefits this includes your base salary and non cash compensation such as benefits vacation stock options health insurance stipend 401k etc Typically the value of non cash compensation will range from 40 60 of the value of the cash compensation but it can
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Obviously compensation is important but there are several parameters that impact job selection including base pay benefits the work life balance and the potential future career growth Total target compensation TTC is a comprehensive package that encompasses all forms of fixed and variable compensation an employee can expect to receive for achieving expected results This holistic approach to compensation includes the annual base salary target performance based bonuses and other cash incentives that make up an employee
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What Is Your Target Compensation - You should also make sure you understand that getting a higher starting salary could mean lower pay increases during your time with the company 4 Don t name a range you would be unhappy to accept