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Preparing for Salary Negotiations

What type of salary information should I have ready before an interview?

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  • kchopra

  • What type of salary information should I have ready before an interview?

     

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    Salary

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    Compensation

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    Interview

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    Karen

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    Chopra

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    Negotiate

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  • Transcripts

    <p>Host: What type of salary information should I have ready before an interview?</p><p>Karen James Chopra: You should have your salary history available to you at least for the last 5-6 years so you should know what you made 5-6 years ago. You should know what your current income is and believe it or not, most of us can actually say to the dollar exactly what we make. So go back and check and make sure that you know exactly what you make. It may actually be more than you think it is. Sometimes, raises and cost of living increases in bump to salary and people aren't fully aware of exactly what it totals up to right now. So have all of that information calculated out. You are also looking for the calculation of the range of what you used to make four or five years ago and what you make currently. These, you want to be ready for any questions on salary history and if you can't dodge them, you want to be able to provide a nice, big range. We are talking a range of $25,000 sometimes, $50,000 or more between what you made five or six years ago and what you make now. That allows you to answer in numbers, a question about your salary without disclosing exactly what you are making now. Now all of that needs to be done ahead of time along with the calculation of how much you really need to live on, especially if you are looking at a job that's going to be paying less than you are making now, you need to do a calculation of you can really live on salary that is being offered and all that needs to be done ahead of time. </p>

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