Per Annum (2024)

FAQs

How do you respond when someone asks about salary? ›

Phrase your answer by citing, briefly, the points you think are salient to compensation expectations. Even better if you can frame it in a positive manner. For example: "Given the responsibilities of the position and the number of people I'd be managing, I think $XX is a fair figure.

If you're sure that you want to decline, consider saying something like this:"I appreciate the offer and your time, but I can't accept this position at the salary you're offering. If the salary range is something that can be negotiated, please let me know."

When you write your salary requirements, you should include a range and not a specific sum. For instance, if you would like to make $35,000, then you should state that your salary requirements are between $30,000 and $40,000, rather than $35,000. This way, there is an opportunity to negotiate.

Then, HR personnel rank the jobs in each family, either by an ordinal ranking system or a points system that compiles different elements of each job. Following this internal analysis, human resources practitioners conduct market research to find salary data for each job, studying the median and range for each position.

While it's possible to negotiate above the stated pay range, your case has to be bulletproof. Many companies are comfortable with roughly 5% of their employees being paid over the maximum, according to Buckmaster.

So, can you lose a job offer by negotiating salary? Technically yes, though it's highly unlikely if you do it right. One thing is for certain: you won't get what you want if you don't ask for it!

Leading with gratitude can make a difficult conversation more palatable: “Thanks for thinking of me for this role and sharing the pay. Unfortunately, that's significantly lower than what I would have expected for this.” Next, gauge whether they can be flexible on the offer.

What is the annual salary? ›

Annual salary is the amount of money your employer pays you over the course of a year in exchange for the work you perform. Salary is usually cash only and does not include non-cash compensation.

California's ban prohibits private and public employers from seeking a candidate's pay history. Even if an employer already has that information or an applicant volunteers it, it still can't be used in determining a new hire's pay.

Writing something like, "Before I accept this offer, may I ask what the salary range is?" clearly states your question without sounding pushy. Mention that you don't feel comfortable proceeding with follow-up interviews or accepting the offer until you discuss compensation.

Yes, under California law you are permitted to ask your co-workers about their wages. Similarly, your co-workers may legally ask you what wages you earn. However, nothing in the Fair Pay Act requires either you or your co-workers to answer this question if asked.

You should leave super direct questions such as, how much money do you make?, how much is in your savings?, how much debt do you have?, out of your arsenal, according to Rachel DeAlto, chief dating expert at Match.