How to Answer “What’s Your Current Salary?” Without Leaving Money on the Table

The Salary Question: A Thorn in Your Side

When it comes to job interviews, there’s one question that can make even the most confident candidate squirm: “What’s your current salary?” It’s a query that’s not only illegal in two states but also unethical in all 50. So, why do recruiters ask it? The answer is simple: to save the company money and get you on board for as cheap as possible.

The Consequences of Honesty

If you reveal your current salary, you may end up leaving money on the table. For instance, if the new position pays $70,000 and you’re currently earning $50,000, the company might conveniently offer you $55,000 instead of the market value. That’s a whopping $15,000 loss! To avoid this, it’s essential to handle this question with finesse.

Firm but Polite Responses

When faced with this question, remember to be firm, direct, and confident in your response. Avoid trailing off or sounding uncertain, as this can give the company leverage to push for an answer. Here are four ways to tackle this question:

1. The Privacy Card

“My employer restricts me from discussing my current salary for privacy reasons.” This response is a great way to deflect the question while showing respect for your current company’s confidentiality.

2. The Redirect

“That’s not something I’m comfortable discussing, but I’d be happy to discuss the skills and experience I would bring to this position!” This polite response shifts the focus back to your qualifications and away from your current salary.

3. The Market Value

“Based on my skills, experience, and market research, my market value is $__.” This approach focuses on your worth in the market, rather than your current salary. Make sure to research the market value for the job you’re applying for, not the one you currently hold.

4. The Zero Option

Some online applications may require you to enter a number. In this case, putting $0 is a great way to say, “I’m not dignifying this question with a response, but check out my resume for my actual value!”

Remember, Your Worth Is Not Defined by Your Current Salary

Answering this question correctly can make a significant difference in your salary negotiations. By using a polite but firm response, you can protect your value and potentially earn more in the long run. So, don’t fall for the trap – stand up for yourself and your worth!

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