What do I put for total compensation?
Some common items to include in a total compensation statement are:
- Salary/hourly rate.
- Medical benefits coverage—include amount paid by employee and employer.
- Flexible spending account information.
- Paid leave—include vacation/sick/PTO, holiday, personal, bereavement, military pay, jury duty, etc.
- Disability insurance.
What does it mean when asked what are your total compensation expectations?
The interviewer wants to make sure your compensation expectations align with the amount they’ve calculated for the job. If they find most candidates are asking for a great deal more than anticipated, it might mean requesting a larger budget for the position. They want to gauge how well you know your worth.
What is your total compensation?
The term total compensation is used to describe all forms of monetary payments to an employee. Vacation time, holiday pay, health insurance, dental plans, life insurance, and tuition reimbursement plans are all benefits that can be considered part of an employee’s total compensation package. …
How do you answer total compensation questions?
You can try to skirt the question with a broad answer, such as, “My salary expectations are in line with my experience and qualifications.” Or, “If this is the right job for me, I’m sure we can come to an agreement on salary.” This will show that you’re willing to negotiate. Offer a range.
What is your salary expectation sample answer?
Given my experience, expertise, and skills, I would expect to receive a salary in that range. I am open to discussion regarding my salary expectations. However, given my salary in my previous position as well as my industry knowledge and experience, I feel that a salary between the range of $70,000 and $80,000 is fair.
How do you answer salary expectations in an email?
You can also respond to “What are your salary expectations?” by simply asking what the company is looking to pay. “You could say something like, ‘That’s a great question—it would be helpful if you could share what the range is for this role,”’ Fink says.
What does annual compensation expectations mean?
Annual compensation, in the simplest terms, is the combination of your base salary and the value of any financial benefits your employer provides. This includes: Annual bonuses or commissions. … Fringe benefits such as tuition assistance, childcare assistance, or gym memberships.
How do you answer salary negotiation?
Your Answer: “I am interested in finding a job that is a good fit for me. I’m sure whatever salary you’re paying is consistent with the rest of the market.” In other words, I respect myself and I want to think I can respect this company. Question: I need to know what salary you want in order to make you an offer.
How do you answer salary expectations UK?
Phrase your answer by citing, briefly, the points you think are salient to compensation expectations. Even better if you can frame it in a positive manner. For example: “Given the responsibilities of the position and the number of people I’d be managing, I think £XX is a fair figure.