Central Pennsylvania Nesties
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"salary requirements"

Just curious how those of you who have applied for jobs that requested salary requirements provided such.

I used to do a "salary history" page, but more recently I just put something like this in a cover letter:

My current annual salary is around $xxx, plus a generous benefits package.  I?m confident my experience and talents are worthy of compensation at or above that level.

Re: "salary requirements"

  • I never give a salary history or tell my current salary information unless it's asked for specifically.  The reason being, if you're looking to upgrade your salary, if they know what you're currently making, then they can (and will) low-ball you and you may end up short changing yourself.  Believe me, if they want to know what you're making they will ask directly.  You also need to be able to consider the differences with benefits, and they may not take that in to consideration when making an offer.

    I just put a quick one- liner at the end of my cover letter saying: "My current salary requirement is $xxx".

  • I've worked for the state for my entire professional career. I've never had to worry about it since salary isn't negotiable.  I think what you wrote sounds great.  I'll have to remember that if I ever look for anything outside the government :) 

    I'm sure you're already including this with the generous benefits package, but I'll mention it anyway just in case since I know you work for the state now.  Our retirement system is pretty awesome so make sure whatever they're offering you makes up for not being a member of SERS anymore. I only mention this because I work for the retirement system and I'm constantly amazed by the people who don't realize what they have (and, admittedly, I was one of them until I got this job Embarrassed ).

    Good luck!!

  • I really like what you wrote!

     I work in HR and we require that information on our applications and I would be pleased to see a response such as that one.

  • pookie -- your HR office doesn't put a value on the benefits package, does it?  Or use a multiplier figure (salary times XX) to do so? 

    I know some HR offices used to do that, but I don't want to raise any suspicion by asking mine.

    EDIT: found it - Table 23.  On average, the value of state benefits/retirement is about 47 percent of salary, on top of annual salary.

  • imagentnylizard:

    pookie -- your HR office doesn't put a value on the benefits package, does it?  Or use a multiplier figure (salary times XX) to do so? 

    I know some HR offices used to do that, but I don't want to raise any suspicion by asking mine.

    I only know about the retirement.  As a state employee, you should be a member of SERS.  It's a defined benefit plan (401a) so there's a formula that's used to calculate your retirement.  It's final average salary (average of your highest three paying years of service) x number of years of service x 2.5%.  That gets you the maximum yearly dollar amount of your pension.  There are reducing factors applied depending on the death benefits you choose and how much money you withdraw at retirement. The money you can withdraw is the total of your contributions (the 6.25% of your pay that is taken out of every check) and the 4% interest it accrues. 

    You should get a statement of account every year.  It gives you a pretty good idea of how much you have in contributions and interest. After five years of service, it will also give you an estimate of your pension amount if your retired right away versus normal retirement.  If you don't have it, you can call SERS and they should be able to get you a copy of the most recent one that was sent.  That way you don't have to go through your HR :)  They would probably have told you that you have to go through SERS anyway. 

  • Thanks.  I'm familiar with the retirement formula, but I was looking for the annual value of benefits/retirement.

    47 percent of my salary, every year, on top of my salary is the estimated valuation of our package.

  • imagentnylizard:

    Thanks.  I'm familiar with the retirement formula, but I was looking for the annual value of benefits/retirement.

    47 percent of my salary, every year, on top of my salary is the estimated valuation of our package.

    Ah, I see. I misunderstood, sorry :)

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