Talking about money can be a little awkward for some. But it’s essential to be prepared to answer potential employers when they ask about salary history and expectations, in the course of job seeking.
To preempt situations that could lead you to a tight spot, here’s a curation of why it’s important to be aware of your salary history, how to approach question related to it and a bonus template to enable you to put things in the best light, while being completely honest. Interestingly, this list is for all job-seekers, whether you’re transitioning into a new industry or browsing greater challenges and responsibilities in your current industry.
Reasons Your Employer Asks for Your Salary History
Understanding why employees ask about your salary history is the best place to start when you need to know how to frame the answer. Usually, your potential employers will want to ascertain your salary history to:
- Detect your market value: Your employer can easily assess your market value, in terms of performance and contribution to past-employer goals, from your salary history. Your salary is, after all, a reflection of your ability to accelerate organizational growth.