What is Basic Pay? (2024)

FAQs

How do you answer do you have any basic salary requirements? ›

Consider giving a salary range, not a number

But that doesn't mean the employer won't ask about salary requirements during the initial contact. If a job post asks applicants to state their expected salary when applying for the position, then give a range — not a specific figure — you're comfortable with.

Provide a salary range. If you arrive at the point in the interview when it's time to provide a number, you could offer a range versus a single figure. Keep in mind, however, that the employer may opt for the lower end of your salary range so make sure your target number is as close to your bottom number as possible.

The best and simplest tactic for answering this question is to offer a salary range you'd be willing to accept rather than a set amount. A range is much more likely to fit into their budget for the role, and it lets the employer compare you better against other candidates.

I'm really excited about the company and the role. I want to be upfront with you that the salary is lower than I was expecting based on my skills and experience. I'd like to be at a number more like $X. I'm really interested in this opportunity and would love to make this work with you.”

I would be direct but polite. State that the money is an issue but don't rub it in their face. I usually say something like “I'm sorry but I'm looking for a higher salary” or “I'm sorry but I have other jobs that are offering me more”.

If you do discuss compensation, I recommend speaking in terms of a range rather than a specific dollar amount. This will give you some flexibility as the interview process progresses. Consider putting the number you want at the lower end of the range, and then going up 5-10% from there.

$20 an hour is how much a year? If you make $20 an hour, your yearly salary would be $41,600.

What salary range should I give? ›

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.

What do you write for salary expectations? It may be helpful to write down "negotiable", "flexible" or "market rate" when writing about your salary expectations on a job application, email or letter. This allows expectations to remain open and able to be discussed further during the interview process.

What is an expected salary? Your expected salary is the annual compensation you request employers pay you. A candidate typically requests this compensation prior to accepting a job. When setting your salary expectations, you may consider your past salaries and previous work experience.

Questions about your expectations for the company

“My expectations for the company would be to provide a work environment in which I can contribute to the team, I receive appreciation for my contributions, I have job stability and the ability to grow with the company.

If you're asked for your salary expectations, you could deflect by saying “What do you usually pay someone in this position?” or “I'd like to learn more about the role before I set my salary expectations. I would hope that my salary would line up with market rates for similar positions in this area.”