Today, many prospective employers want to know an applicants salary requirements before they make a hiring decision. If you aren’t sure of how to include salary requirements in a cover letter, the tips below will help make this easier for you. Some people are afraid that the information they include will sound unreasonable, or that they will set their requirements too low. There is an easy way to remedy this, so that you will feel confident in the cover letter you submit to a prospective employer containing your salary requirements.
How to include salary requirements in a cover letter:
1. Research the topic.
Before you start inserting numbers in your cover letter, do some research to learn what the average salary is for the position you are applying for. Find the average low salary and the high end, so that you have a good idea of what is considered a normal salary for the position.
2. Follow instructions.
If you read about the position in a job advertisement, make sure that it asks for salary requirements in your cover letter. If it did, include them. If the ad says nothing about including this information, do not include it. Take note of whether the ad specifically stated to include this information in the cover letter, or in your actual resume.
3. Include your salary requirements toward the end of your cover letter.
In the beginning, you want to discuss your interest in the specific job and any qualifications or skills you possess that make you the best candidate for the position. You want to “sell” yourself in the first couple of paragraphs.
4. Salary requirements belong in the next to last paragraph.
After you have demonstrated your interest in the position and qualifications, you should include your salary requirements right before the closing paragraph. Don’t write this in a way that sounds like you are afraid of what you are asking for; write it in a straightforward way that is simple and to-the-point. For example, you may include a statement like this: “My salary requirements for this position range between $40,000 and $46,000 per year. These figures are negotiable, depending upon benefits offered, job responsibilities and potential for advancement.”
5. Always include a range.
If you are asked to include salary requirements in your cover letter, always include a range from lowest acceptable to a higher figure. By using only one set figure, you may be eliminating your chances of securing the job due to the figure being too high.
Including this information in a cover letter is a sticky situation for some, who are afraid they will ask for too much money. Unless the ad specifically states that you include this information, do not include it. If it does, simply find out what the position normally pays in your area by doing some simple research online.
Now you know how to include salary requirements in a cover letter, so you can feel comfortable with your approach.
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