A whole lot of people might not agree with the idea but it is always good to write a cover letter with salary requirements, and this is because the company is aware of your salary demand hence allowing them to have an idea that what are you willing to demand and when it comes to bargaining where you will break. This is the thing which ultimately increases your chances for getting selected in the interview.
However it is really not a good idea to write a cover letter with salary requirements, if it is not asked by your employee, as it would bring you in an awkward situation; however most of the companies in their job advertisement ask the employee to mention their expected salary as well as the previous salary that they were earning.
Most of the companies do that to set up their screened out criteria, as if your demanded salary is way much high than they will surely cut out your name, as they know you won’t settle to work in their offered salary. Besides that, if a person asks for a lower pay than what company might be offering than company will pay him low, as per his demands, as he is happy with that amount, so when an employer asks for your salary requirements in your cover letter, it literally means that he is adopting a strategy in order to get an employee with the most suited salary.
- Method to insert the salary requirement
Never ever type a targeted salary amount, as at this point the company knows whether to screen you out or higher you at a lower pay, therefore it is recommended that you should display your expected salary range, hence allowing you to get better chances of being selected.
- Always mark the term negotiable when defining your expected salary
It is highly recommended that you should explain in your cover letter that your salary requirement is negotiable, so that they can call you for the interview and negotiate the salary with you. It also gives an extra edge to you, as you have already made up your mind hat at which amount you are willing to settle down.
These are some of the tips and tricks that you need to use while inserting the salary requirements in your cover letter, as it is for your own good, as you don’t need to settle down at a lower salary than your expectations.