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Khevna

Khevna Shah  | Answer  |Ask -

HR Expert - Answered on Apr 10, 2023

Khevna Shah is the head of human resources at Coverfox Insurance. She has 14 years of experience in human resources across industries like manufacturing, banking & financial services and insurance. Her expertise includes talent acquisition, retention, employee engagement and developing a performance focussed culture.
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Jatinder Question by Jatinder on Mar 10, 2023Hindi
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Dear mam, You must hv taken lots of interviews. Some of the questions are commonly asked in interviews. All question are ok to me. But there is one question which is generally asked in interviews and i really dont know its appropriate reply. Q. What are your salary expectations ? May I know what should be the appropriate answers to it ?

Ans: This is the easiest answer. Tell them what your actual expectations are... may be a number if you have it in mind or a %hike. You can always mention that this is a number you have in mind but that can be discussed based on the company budget / role / future prospects / any other perks that add up.
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What should a person expect his salary from other company base on his 5+ years of experience in service sector companies. (Ex. Position as SPE, Present salary is 4.5 lac) Please advice.
Ans: Kishore Sir, Before addressing your questions, if time allows, I kindly suggest attending the complimentary webinars offered by Vikram Anand, Sakshi Chandrasekar, and Sawan Kapoor, who possess specialized expertise in Resume Building, Salary Negotiation Skills, and LinkedIn Profile Building. They offer a wealth of insights during their complimentary webinars, which can be extremely beneficial for refining your Resume/LinkedIn Profile and enhancing your Interview/Salary Negotiation Skills. You have the choice to decide whether to opt for their paid services.
Now coming to your question. Compensation expectations for individuals with five years of service sector experience are influenced by industry norms, location, talents, and firm. Industry norms suggest that mid-level jobs with five years of experience typically pay 30-50% of the current wage. Higher offers may be available for specific skills, certifications, or higher-paying industries. Location also plays a role, with higher salaries in urban areas and high-growth industries. Researching salary benchmarks and focusing on non-financial advantages can help negotiate better offers. The typical pay range is between 6-7 LPA for those with five years of experience.
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