Including Salary History In Cover Letter

Including Salary History In Cover Letter-13
This doesn’t mean the budget isn’t flexible, just that it may be less so – initially.What to do when a job ad requires that you provide this information?

This doesn’t mean the budget isn’t flexible, just that it may be less so – initially.

For companies that require salary history for consideration of a position, create a separate document that matches the layout and format of your cover letter and resume, or CV, using the same letterhead, font, format, and stationery.

Following the reverse chronological layout of your resume or CV as your guide, present your entries as such, beginning with your most recent position: Director of Sales & Marketing ABC Corporation, Cleveland, OH June 2010 - January 2023 Beginning Salary: $75K, plus insurance, 401(k) and travel expenses Ending Salary: $78K, plus insurance, 401(k) and travel expenses You can (and should) include other compensation information, such as insurance benefits, 401(k), bonus packages, and commissions - either as individual items or as an added financial figure in your total salary amount.

In my current position, my annual salary is $45,000 annually.

However, salary is not my main motivation; I am open to any combination of salary and benefits for the right opportunity.” As for your salary requirement, you can include it in your cover letter if you wish, but it’s in your best interest to avoid being the first to name a dollar amount.

Instead, he or she can only address what has been budgeted for the position.

(For a primer on salary negotiation, or to determine your current market worth, see article on Salary Negotiation.)While it's tempting for some candidates to include a salary range or expectation ("It will save me from interviewing for jobs for which I’m overqualified"), doing so can severely limit your opportunities.Employers can be convinced to pay a new employee more than they had originally planned if the candidate’s resume, interview and other communications make a strong impression.So, if an employer or recruiter requests a salary history/requirement, where does it go and how do you handle it?You should never include your salary history or your salary requirements in your resume.Revealing this information when it is not specifically requested puts you at a bargaining disadvantage in terms of your salary.What is the difference between a salary history and a salary requirement?Job classified ads will request you send a salary history or state your salary requirement. A salary history is a listing of what you have earned over the years, while the requirement is the salary you are seeking.In situations where an ad states “only submissions including salary requirements will be considered," respond to this request in your cover letter, not the resume.Provide a salary range rather than a single set figure.Yet, some ads will require that you provide “salary history” or “salary requirements” with your resume submission.This indicates that the salary budget may be more fixed, and that salary requirements may be a major factor in the mind of the hiring manager.


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