That Much, Huh?: The Right Way to Answer Questions About Your Compensation Expectations
When asked to declare salary expectations, it can be challenging to manage the conversation to an optimal outcome. Understanding the context of the situation as well as your feelings will provide a solid starting point to address your questions in this dynamic when it arises.
July 09, 2018 at 01:03 PM
3 minute read
Julie Q. Brush, Solutus founding partner.
- “Am I required to give them a compensation expectation range?
- “I don't have a specific range in mind so how am I supposed to give one?”
- “I'm worried about coming in too low.”
- “I'm worried about pricing myself out of the role.”
- “I'll lose my leverage if I go first.”
- “I don't want to provide an answer, but I'm worried that if I don't, my candidacy will be rejected.”
- “How am I supposed to know what my expectations are when I don't know the comp range for the role?”
- “How should I respond without compromising my candidacy?”
- “Hi Sarah, thank you for raising the topic of compensation. At this point, I don't have a set range that I'm targeting. Given that companies/firms vary when it comes to compensation, it would be helpful to know where the hiring managers have targeted the role. Do you have that information?”
- “Thanks Ron, my compensation expectations will depend on the role and overall opportunity so I really can't pinpoint a number yet. I'd also like to get a sense of the range you have targeted for the position so I can determine whether we're in the ballpark. What is the target at this time?”
- “Jon, I appreciate the discussion around compensation expectations. My goal is to earn a salary that reflects the value I bring to an organization. I don't want to be an outlier either so in order to provide you with the best guidance, I'd love to have a better understanding of the target compensation range for this role."
- Compensation range provided: “Hi Luis, the compensation range you provided currently works for me, but I would like to be at the highest end of each range."
- Compensation range provided: “Thank you for the information Mary. The salary range is somewhat lower than what I envisioned for my next role. With this said, I'm valuing several factors and am willing to be flexible, but it would be important that I bring home at least $X as an all-in number. Do you think that would be doable on your end if things went well in the rest of the process?"
- Compensation range provided: “Hi Chris, many thanks for the compensation numbers for the role. Unfortunately, that is quite a bit below what I'm currently earning so I will have to take a pass. Let me know if the numbers change—as I think it is a wonderful opportunity and I could add a lot of value to the organization.“
Julie Q. Brush is the founder and author of The Lawyer Whisperer (www.thelawyerwhisperer.com), a career advice column for legal professionals, also found on LinkedIn. She is co-founder of Solutus Legal Search, a legal search/consulting boutique firm, serving as a strategic adviser to lawyers, law firms and corporations.
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