What is the biggest misunderstanding relating to the question: “What is your compensation figure?”

Judith Cushman Compensation, Latest Topics 0 Comments

Answer: There is no one number to give and the question is the wrong one to ask. Typically, when an HR Manager in an organization or a search firm executive is at the early stage of a search, s/he is looking for a number to keep it simple and to determine if you are in the ballpark they have in mind. At this point they are casting a wide net and if you give them a specific number it will most likely be the number they use right up until the offer stage, whether it is accurate or incomplete. And, this does not factor in changes in compensation through the months that the interviewing process is ongoing. The problem of the hiring organization becoming fixated on a number is to be avoided at all costs. Be thoughtful and careful as you respond to a question that may affect the entire …