2006-07-04 01:40:11 · 8 answers · asked by witty5 2 in Business & Finance ➔ Careers & Employment
They want to get a sense of what "rank" you had in your former company, and what you would be likely to take as an offer from them. They also want to know if you're "overqualified" for the work they want you to do. (I lost a job because of that.)
2006-07-04 01:47:26 · answer #1 · answered by chilixa 6 · 0⤊ 0⤋
Hi there
That is a good question. The main reason for asking is that it helps your new or potential employer determine how much they would have to pay you.
My approach is always to be honest - because they can check to see what you actually earned.
You can phrase your answer by saying my salary was variable and linked to performance. For the last year of employment my "package" was £xxxx. In the £xxxx include all of your benefits and any bonus payments. The smarter interviewer will then ask how much of this was basic salary, here you have to be honest, tell them your basic. If they ask for a breakdown of the other package components say you do not have precise details of how this is calculated but if they require you can forward details on to them.
Taking this approach the new company will probably pitch a salary offer higher than what you were getting before.
One other point of caution, apart from being honest, do not price yourself out of the job ... they may have an upper salary limit that they can afford to pay.
Good luck.
2006-07-04 08:55:03 · answer #2 · answered by simple2rent_co_uk 3 · 0⤊ 0⤋
This just gives them a ball part figure to work on.... You may have applied for a job with less salary and so they would want to know why you are prepared to take the loss.
Or
You may be applying for a job with a higher salary, and they want to know if they can get away with paying you less.
It's the way of the recruitment world I'm afraid, your worth lays in the hands of your last salary babe.
Good luck if you are looking for another job X
2006-07-04 10:23:55 · answer #3 · answered by sukimitchell 3 · 0⤊ 0⤋
maybe means if you started on a salary and worked upwards over a period of time, that it shows they valued your contribution and are a great empoyer to be hired.
Guess if it your last salary it means what the minimum is you may accept in your new role?
2006-07-04 08:45:28 · answer #4 · answered by robert m 7 · 0⤊ 0⤋
They just like to know what kind of salary they will have to match, and whether, also it gives them inside knowledge on other companies
2006-07-04 08:44:34 · answer #5 · answered by Begbie 4 · 0⤊ 0⤋
This is to do with the fact that they dont want to overpay you but also dont want to offer you anything too low incase you then turn your nose up at it. The reason they want it is just to use as a barometer against possible pay.
2006-07-04 08:51:31 · answer #6 · answered by andy c 2 · 0⤊ 0⤋
I think that it's the possible new employer's method of seeing how low they can go with a new hire's pay. Or how much the possible employee will cost them.
I always fudge my leaving pay...
2006-07-04 08:45:01 · answer #7 · answered by cafegrrrl 5 · 0⤊ 0⤋
They want to see what you earn
2006-07-10 08:40:22 · answer #8 · answered by Ollie 7 · 0⤊ 0⤋