Determine a fair salary range based on your experience, location, and industry benchmarks.
Salary Expectation Calculator (India)
Q. Why does HR often ask about salary hike?
HR tries to know how much growth you want on your current salary. They also want to know if your expectations are within the salary package range (minimum and maximum) prescribed for that position.
Q. What happens if I don’t negotiate for my salary hike?
If you don’t make any effort or negotiate for your salary, chances are you will get the minimum or a little more than that for that position.
Q. Why does HR ask why you want so much salary (for example, 30% growth)?
HR’s aim is often to convince you for a lower salary or to know how you rate your qualifications and experience. If you are able to present your capabilities effectively, HR may consider giving you the maximum salary.
Q. How to answer salary hike question in a professional manner?
You should answer with confidence by mentioning your skills, education, work done in the previous company, achievements achieved (such as team management, contribution to the growth of the company, making a bad territory profitable). You should stay positive and keep your motivation high.
Q. Why is confidence important during salary negotiation?
When you confidently explain your skills and experience, HR feels that you know your real value and will not agree to anything less. This increases your chances of getting the maximum salary.
Q. Is there a fear of losing the job if you do not negotiate the salary?
Many people do not negotiate salary due to the fear that they may get rejected. However, it is told in the video that every salary has a minimum and maximum limit, and it is up to you how much you can convince them.
Q. How much growth should one expect in the new company on the salary of the old company?
If your previous salary was good, then you should expect sufficient growth (like ₹5,000 or 30-31 thousand) in the new company so that you get real growth in the position or salary. It is not advisable to change the company just for a hike of ₹1,000-2,000.
Q. What should I emphasize during salary negotiation?
You should emphasize on your skills, your contribution in the previous company, what new things you did for the company, how you brought growth, how you managed the team, etc. Remember, whatever information you give, it should be legal and ethical.
Q. What happens if the company offers different salaries for the same position?
Often companies offer different salaries to different candidates for the same position based on their negotiation skills and confidence. Candidates who present their point correctly get the maximum salary, while those who do not, get the minimum. This can later lead to dissatisfaction and demotivation among employees.
Q. What should I prepare for salary negotiation?
You should make a list of such questions and memorize their answers by writing them down. This will help you answer with confidence during the interview.