How do you answer what is your current compensation?

How do you answer what is your current compensation?

When you decide to answer

  1. Inquire about their reasoning. After sharing your salary, you may want to ask an employer why they would like to know this information.
  2. Emphasize any promotions. If you received a pay increase at your current job, make this evident.
  3. Discuss your goals.
  4. Do your research.

What does current compensation mean on an application?

Current Compensation means the gross cash compensation (including wage, salary and overtime earnings) paid by the Company or a Participating Affiliate to a Participant in accordance with the terms of employment, but excluding all bonus payments, expense allowances and compensation payable in a form other than cash.

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What is your current total compensation for freshers?

How much does a Fresher make? The national average salary for a Fresher is ₹20,000 in India.

Can an employer ask your current salary?

Employers are free to ask you about your current and past salaries under federal law. However, many states have their own laws about this question.

Is it legal to ask current salary?

Employers are free to ask you about your current and past salaries under federal law.

Can recruiter ask for current salary?

California’s ban prohibits private and public employers from seeking a candidate’s pay history. Even if an employer already has that information or an applicant volunteers it, it still can’t be used in determining a new hire’s pay.

How to answer the salary question on a job application?

How you answer the salary question on a job application will depend on your situation and what format is allowed on the online form. But if you can, entering a salary range is always the best option. Struggling to find a job?

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What should I say when asked for current compensation?

If they are asking for your current compensation (not desired comp) they are verifying that someone thinks you are worth that much. Tell the truth. Lying could get you fired later, if they validate your There is no good answer to your question.

What does it mean when a job application asks for compensation?

If you are filling out an application online, you aren’t very close to getting the job so at this point you are trying to not get eliminated. Leaving it blank will get you eliminated. If they are asking for your current compensation (not desired comp) they are verifying that someone thinks you are worth that much.

Should I mention my current salary when applying for a job?

If it’s below what you’re already making, it might benefit you to mention your current salary so the hiring manager is aware you’re not willing to take a decrease in pay.” What you’ve earned in other jobs should not dictate what you should be earning in your next job. You might even consider job-hopping to boost your salary.

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