Best way to answer: 'What is your current salary?'

Salaries

Article

Guide on how to best answer: "What is your current salary?"

What to do before the interview
Sample answers
Common mistakes

Picture this. You score an interview at a well-known company you have dreamed of working at. The interview is going smoothly and you are asked the question “what is your current salary?”. All of a sudden, a thousand thoughts are running through your mind. You think “will telling them my current salary mean they won’t offer more than that?”

In the world of job interviews and salary negotiations, it is almost expected for jobseekers to be asked "What is your current salary?". When working with a recruitment firm especially, it is a key question that helps recruiters understand your current remuneration package so they can help secure a new opportunity that is in line with your skills, experience and salary expectations.

Jessica Yeung, Associate Director and specialised financial services recruiter at Robert Half Hong Kong says, "asking this question to our candidates enables us to understand their present compensation, aiding us in determining how we can potentially enhance their earning potential in their respective field. While individuals might feel apprehensive when asked this question, no matter if you're just starting your career or an experienced professional seeking new opportunities, it is an important question that should be answered honestly so we can help you."

If the question does come up in an interview for a new position, you need to know how to answer it both tactfully and politely so you don’t feel like you are talking on a tightrope.

You want to be honest and transparent, but you also don't want to undervalue your skills or limit your earning potential. If you're a job seeker, especially one who's been out of the market for a while or is making a career change, this common question can be particularly anxiety-inducing.

This blog post is here to help you. We'll break down the reasons why employers ask “what is your current salary”, share proven strategies for responding effectively, and equip you with the confidence to navigate this tricky conversation.

Similar to answering “What are your salary expectations?” you’ll want to know current salary trends in your industry. Robert Half’s Hong Kong Salary Guide is a good place to start to get a benchmark of the market rate for your future role. This will allow you to diplomatically pivot the conversation from “What is your current salary?” to what you’re expecting.

Additionally, you should approach this question with understanding. By disclosing this information with an external recruiter, this information will help them to match you with positions on par with or above your current salary. It will also make the recruitment process quicker, as the job matching process will eliminate the roles that do not suit your salary requirements.

When it comes to best answering “What is your current salary?” it really is a question of being mentally prepared. Rehearse your answer, and what you might say in the event that the interviewer pushes you for more information.

Related: How to turn down a low salary offer

Sample answer 1: be honest but state your requirements

“I’m very keen on exploring a future here, I’m currently earning $X. I am, however, looking for a role that pays a bit more than what I am currently earning. Based on my research, for my experience level, I’m looking for a salary in the [$-ballpark] range.”

This gives the interviewer an idea of your salary expectations, while highlighting that you are looking to secure a higher salary. It also shows you have done your research, which underlines your commitment to the process. Recruiters are able to then understand what salary range you are looking for, and will then ask you more questions about your skills and experience to help you secure that pay jump.

Sample answer 2: ask the interviewer for salary information

You might find yourself interviewing for a role where you are unaware of the salary range. In the event that you are more interested in hearing about the salary information attached to the jobs, as it might help you decide if it is the role for you, it is reasonable to ask about the salary range while also stating your current salary.

“I’d like to know more about the salary range on offer for this role. I am currently earning $X. If my expectations are in keeping with your salary offerings, this will be a role I am interested in.”

Mistake #1: Sharing false salary information

When you share your salary information, you must be transparent with your future employer. Sharing accurate numbers gives the employer a clearer understanding of where you stand, and how they can better help you.

Mistake #2: Getting flustered

Interviews are sometimes uncomfortable situations, and answering salary-related questions often throw interviewees off their game. However, Jessica says it’s important candidates walk out of an interview with tact and calm. “Remain polite, answer in as much or as little detail as you’re comfortable with, and everything will be okay”.

Mistake #3: Not doing your homework and knowing your worth

To best answer, “What is your expected salary?” candidates need to have done an adequate amount of research that signals to the interviewer that they are confident and capable. “While noting your skills, expertise, and experience, state a range and back-up how you arrived at those numbers,” says Jessica.

For more, the Robert Half Hong Kong Salary Guide offers detailed information on remuneration and hiring trends.

Looking for jobs in Hong Kong? Check out Robert Half’s job directory or upload your CV and let us help.

Should I disclose my current salary in a job interview?

Yes, disclosing your current salary in a job interview is generally recommended. While it can feel uncomfortable, it's often a necessary part of the salary negotiation process. It demonstrates transparency, honesty, market awareness and helps recruiters get an idea of what your salary expectations are.

What if my current salary is lower than market rate?

If your current salary is lower than the market rate, it's an opportunity to advocate for yourself during the interview process. Be honest about your current salary, but emphasise your skills, experience, and the value you bring to the table. Back this up with research on the current market rate for similar roles. Express your salary expectations based on this research, showing you're informed and confident about your worth.

What if my current salary is higher than the market rate?

If your current salary is higher than the market rate, it's understandable to be hesitant about disclosing it. It's crucial to handle this situation tactfully.

Here is a sample response: "While my current salary is above the typical range, I'm excited about the opportunity at your company and believe my skills and experience align well with your needs. I'm open to discussing a fair compensation package that reflects the value I can bring to this role."

Remember, honesty is key. Avoid inflating your salary, as it can damage trust and credibility if discovered. Instead, focus on showcasing your value and demonstrating your willingness to negotiate a fair compensation package.

Can I refuse to disclose my current salary?

Yes, you can refuse to disclose your current salary in a job interview. However, refusing outright can sometimes create a negative impression.

What are some alternative ways to answer the salary question?

"I'm currently targeting roles in the [salary range] range based on my skills and experience. Can you share the salary range for this position?"

"I'm confident my skills and experience will bring significant value to your company. I'm open to discussing a fair compensation package that aligns with the responsibilities of this role and my contributions."

"I'm more interested in finding the right fit for my career goals and the opportunity to contribute to your team. Could you tell me more about the compensation and benefits package for this role?"

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