Practice 35 Allstate interview questions covering insurance knowledge, customer scenarios, and sales competencies.
Question 26 of 35
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Kevin Downey has an extensive background in business management, recruiting, branding and marketing. He's volunteered his career coaching services at job fairs, lecturing on interview techniques and crafting winning resumes and cover letters.
The timing of discussing salary in an interview is nuanced. An interviewer bringing up salary far too late in the interview process could speak to their lack of professionalism and suggest they are stringing you along and taking advantage of their power differential. For you to ask salary or benefits-related questions too early could speak to your lack of professionalism and suggests pay is your only motivation for pursuing a position. Additionally, if not navigated correctly, you could sell yourself too short. Still, it is best to showcase your belief that this opportunity is a good fit and wait for the interviewer to bring it up first.
When the topic is broached, use your current earnings as a starting point. Be open and honest about your professional worth contrasted against the current job market, and allow for a range of flexibility. If you left your job before finding another, allow for greater flexibility, as it could lower your potential professional worth. Write down that number range.
Next, write down any benefits you receive from your current employer, including how frequently pay raises occur. That should also include any bonuses or incentives, commuter perks, employee resources such as mental health care, health/dental/vision, retirement packages, stock options, PTO, etc. These perks lower your cost of living and can equate to income. Therefore, research what these would cost you out of pocket annually. Write down that number underneath your potential salary range. Now it is fair game to find out what they are offering, and it should give you bargaining room to play with your expected salary range.
Once you've determined your numbers, answer their question by sharing what your current wage is, along with the benefits you receive, and how they reduce your expenses feel free to give them those numbers as well to showcase your professional worth. Next, share how frequently you received pay raises and offer them your projected salary over the next year. Align this with what they have to offer, determining where they're meeting, exceeding, or wanting in this regard, and you can further adjust your number accordingly. Be open, realistic, and honest. This way, you aren't selling yourself too short, nor are you aiming too high. You are simply giving them an understanding of what they have to compete with and what it would take to bring you onboard. With this approach, transparency is the best choice. The better your interview performance is, the stronger your bargaining position will be. So practice, practice, practice.

Kimberly is a freelance writer and editor with a decade of experience in the education field, including her time as a pre-kindergarten teacher.
"Currently, I earn a base salary of 45,000 per year plus a potential 20% annual bonus. Last year my earnings were 52,000, and I would like to stay in the same range or slightly higher."

Kimberly is a freelance writer and editor with a decade of experience in the education field, including her time as a pre-kindergarten teacher.
"I am currently making 100,000 per year with two bonus opportunities. I am looking for compensation that is aligned with the role and provides an opportunity for growth."

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Anonymous Answer
Based on my experience and education I am satisfied with the introductory salary listed in the job description.
Marcie's Feedback
This is a good way to answer this question. It sounds like you're already aware of the pay for this role and you're content with it, which is great. If you're unsure about what kind of salary they are offering, consider providing a salary range or flipping the question back at them.
Anonymous Answer
I am looking for compensation that is aligned with the role with the opportunity for growth.
Marcie's Feedback
Perfect. This is a great way to respond to this type of question. You might also mention a salary range or flip the question around and ask what kind of salary they're looking to offer.
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Written by Kevin Downey
35 Questions & Answers • Allstate

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