Why you should not include your expected salary in your resume

Why you should not include your expected salary in your resume

Many of us do include our current CTC and Expected CTC in our resumes to make the employer understand our salary requirements. However, it is not a good practice to include Expected CTC as Open or Negotiable instead of putting up a particular figure for the following reasons

– The Employer might have decided to pay you more based on your skill-set and performance in the interview but can offer a lesser salary based on what you have put in your CV.

– Several companies have salary ranges for particular role and grade.  Even if your salary was much lesser than the starting salary of that grade and you get selected for the role, they would pay you the minimum amount for that grade. For example, if you get selected for a software engineer role in a company like Yahoo/ Amazon and if your current CTC is only 4,00,000, they still pay you 8,00,000+ as that might be the minimum amount they are offering for the role

– The reverse can be possible too. If the company cannot afford the salary you have put up in the CV, they may not even consider your profile. But, there are chances that they may decide to offer you a higher grade than what you expected and  better salary after interviewing  you

–  Putting up expected CTC makes the employer feel that you are bound to certain limits, cannot get out of the box and cannot jump start to a great position easily especially if the expected CTC is close to your current CTC

– It is highly possible that your profile may get public as public profiles have become common in many job portals. Disclosing your salary publicly isn’t a wise thing

– Companies can trick you offering you the CTC that you asked for. A CTC is different from salary.  A CTC includes salary + bonus + stocks + Others. You may end up getting lesser salary after one year of working for that company if the company has included bonus only for the first year in CTC

–  Freshers should not especially disclose expected CTC.  If you include a low figure, bigger companies might assume that you are not skilled enough and if the amount is too big, you might not be considered by many companies

Best Practice:

Put up your expected CTC as Open. After you crack an interview, make a research on the salaries offered by the company on various salary applications and find out the minimum salary offered for the role. Then come up with a figure based on your current CTC and the standards of the company

Ashok Goyal

Hi members, I am Ashok Goyal from Rajpura - Punjab, a town near Chandigarh. I am a retired Chief Manager from a Top Nationalized Bank in India with 35 years of experience. I am the CEO-cum-Founder of this site made for Young and Old, Technical and Non Technical members to spread their knowledge across the Globe. I am a Science Graduate with an M.A. in Economics and C.A.I.I.B. (Certified Associate Life Member of Indian Institute of Banking and Finance since 1980 and a Social Worker authoring many Blogs for the benefit of the Public in General. I Graduated from Patel Memorial National College, Rajpura - 140401 and secured a Master's Degree in Economics from Punjabi University, Patiala - 147001 Punjab, India. Expert in Legal and Money Matters, may it be Banking, Investments, and Insurance or Fraud investigations. My Hobby is to share Knowledge and alarm the younger generations about the practical implications of transacting online. I am available at many Social Networking Sites. I am health conscious and like reading deeply about anything related to health and nutrition. In the case of any violation of objectionable content, the images on my authored links or on this site, you can either report me directly or you can file a DMCA complaint about the removal of the content. I do not like spammers and never hesitate to report the abuse of my profile information. I am the owner of the WQAINDIA Brand hosting self-hosted Question Answers Site at Web Question Answers. In Jan 2016, I founded Samadhan Kender at Rajpura - which is now talk of the down. In January 2017, keeping in view the Identity Crisis in India I found that the Public was facing difficulties in their CIBIL Reports - I started my best ever venture at CIBIL Consultants to solve the CIBIL Problems of the Public online. CIBIL Consultants is having its client base in all 17 states in India. © Copyright - Ashok Goyal – ALL RIGHTS RESERVED: This is my original work and I do not like any content to be copied or posted anywhere on the web or elsewhere. All the articles available on my social profiles are exclusively owned by me. If you like my articles then you can visit my articles and provide the URL as a link, without any copyright infringement, on the website or blogs which are not having any adult content related to sex, violence, hate-redness, or religious fundamentalism as per Google or Facebook TOC. DISCLAIMER: The information on this site or elsewhere - under my Profile Name is for general information purposes only. The information provided by me is simply educative to the best of my knowledge and belief. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability about the information, products, and services being displayed on this website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising out of or in connection with the use of this website or my profile anywhere on the web. We welcome feedback, comments or healthy criticism on any article or content on this site or my own work anywhere on the web. I owe my success on the web to IndiaStudyChannel to Tony John, Webmaster at ISC. I am also a featured author at HubPages, Global Site for writers and Authors. This site is dedicated to my countrymen to sharpen their online skills to compete for the world. The public can also get their CIBIL Reports rectified professionally at very low prices – when big corporations are charging as much as Rs.25000 per person per Credit Report.

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