It is only when you take the time out of your busy schedule to draft and write out a proper resume that you can expect to be called in for an interview in person. If your resume fails to impress the recruiter then bagging a job might prove to be an impossible task for you. Nowadays a resume is not to be thought of as a boring document containing all your particulars. Rather it should be seen as a marketing tool which will heighten the company’s interest in you. Given here is how to list your salary history on resume.
Incorporating Salary History and Salary Requirements in Resume:
The following mentioned are few tips on adding salary payment history and salary requirements on resume.
1. There is no need to mention exact figures:
When you are writing your salary history on your resume, there is no compulsion to mention exact figures. You are free to mention the range of your salary. Companies merely ask for a salary history to get an idea of how much you have earned and to see whether or not they can afford to pay you anything near that amount. There would be no point calling you in for an interview if they are not even willing to pay you anything near to what you received in the past, let alone anything more. This having been stated, some companies need you to mention the exact figures. So make sure, you mention your information accordingly.
2. Mention your annual salary along with bonuses:
There are many people who make the mistake of mentioning their monthly salary on their salary history. This is something which should not be done. Rather you are expected to mention your annual salary, which you get in hand after the taxes have been deducted. In addition to mentioning your annual salary as it is, you should also mention the bonuses you would receive from the company at different times of the year. If the bonus was a significant amount then be sure to mention it without fail. In addition to this also mention other monetary incentives which you as an employee received.
3. Think about under which heading you would like to include it:
When it comes to writing your resume, there are no hard and fast rules which you need to keep in mind. The better you are able to construct your resume the more benefits it will yield for you in the time to come. There are many people who include the salary history under the experience section. In this way, they do not have to go on mentioning the same details twice. Ensure that when you sit down to write your resume you are doing so with a clear head. If your mind is anxious and preoccupied with some other thoughts then you will not be able to write an impressive resume.
4. Do not confuse salary history with a salary requirement:
There are many people who believe that a salary history and a salary requirement is one. This is something which is absolutely wrong. Make sure that you know the meaning of the terms which you are using on your resume. In actual fact a salary history is a list of the salary which you have received in the companies which you have worked in the past, whereas on the other hand, a salary requirement is the amount of money which you expect to receive from this job. If you make the mistake of confusing both these things up, then you are going to show yourself in very poor light indeed.
5. Seek out help if you are confused about what to do:
There are a number of things which you need to include in your resume. Most of the other things which are to be included are stated in words and do not have to be mentioned in figures. If you are someone who has never included a salary history on your resume in the past and are confused about how to go about it then it is advisable that rather than making any mistakes you ask help from someone who is a professional in the field and knows how things like this ought to be mentioned. Ensure that this piece of information does not look out of place.
6. Mention the benefits you enjoyed along with your previous salary:
There are many companies which might not be paying heavy salaries but they compensate for this, by giving their employees other benefits in order to keep them happy and content. These benefits work as incentives which spur the employees to work harder and give their best no matter what hurdles come their way. So if you were one such employee who received many benefits in the form of insurance, paid vacations, working from home facility and even transportation to and from work, then mentioning things like this is certainly not a bad idea at all.
7. Know that it is not mandatory to mention your salary history:
When writing your resume there will be many people who will be coming up to you with pieces of advice. You should listen to whatever is being told to you, but only make use of those pieces of information which you think are relevant to you. It is important that you know that all companies do not stress on a salary history. So inquire from beforehand if the company which you are applying to requires this piece of information or not.
8. Remember that mentioning it makes things more complex for you:
In an attempt to be very honest, there are many people who mention their salary histories even when they are not told to do so. Though there is nothing wrong in doing this and this is probably just them playing it safe. You ought to know that, when you mention your salary history you are doing nothing but making things more complicated for yourself. When you do list your salary history, if it is above what the company is willing to pay, then they will not even call you in for an interview and if it is way below than what they were ready to pay, then you are losing out on what could have been rightfully yours.
9. Be sure to check for any mistakes or typing errors:
When making your resume you have to include a number of things, like your skills, educational qualifications and even your achievements. Things like this are not very tough to list. However trying to recall and type out your salary history is not as easy as you might think it to be. So this having been stated, ensure that you make no mistakes or typing errors when filling in your details or it could spell disaster for you. Be sure to check at least twice whether what you have mentioned is correct. Any error on your resume will reflect badly on you as a person.
10. Be sure to show your salary progression (if there is any):
It often happens that when you join a company you receive a certain salary, yet when you leave the company after a number of years, then your salary changes as well. You must make it a point to show your salary progression over the years just to show that you worked in a company which gave you a raise each year. In addition to this, if you received a promotion and a pay hike along with it, then mentioning these details is very important indeed. This will silently communicate to the recruiter that you are a person who has become better and more accomplished over time.
11. Do not include it in a separate sheet of paper or table:
One of the worst mistakes you can make when placing your salary history on your resume, is placing this resume on a separate piece of paper. Doing something like this will just attract too much attention to how much money you have received and if it’s too much it is going to immediately eliminate you from the running. In this day and age bagging a job is a tough thing to do and even if you are willing to settle for a lesser salary, it is unlikely that you will be considered for the post as they will think that in your heart of hearts you will be feeling sad as well as disappointed.
12. Also include your salary requirements along with this:
Along with your salary history you can also include your minimum salary requirements along with it. Many people think that they need not mention resume with salary requirements, but you should not shy away from mentioning the salary expectations which you have from the job. In the business world if you act vulnerable and weak then others are going to prey on your weakness. Being bold and placing all your cards on the table will really help you to get ahead. Companies are on the lookout for employees like this who do not shy away from speaking their minds and asking for what they think they deserve.
13. Be honest about what your previous salary was:
There is absolutely no need to tell any lies when enlisting your salary history. You might not think that your lies will be caught out, but what you need to know is that it is rather easy for the company to double check about your ending salary with your previous company, especially if the salary you mention seems too large to believe. Lying about salary is something so foolish as this could really limit your chance of bagging a good job at a top company. So ensure that you are honest at all points in time and with all details you mention on your resume.
14. State categorically the position you held and term or work:
It is vital that you are meticulous about the manner in which you mention your salary history. Do not simply mention the name of your company along with the salary which you received. It is imperative that you mention clearly the post which you held as well as the number of years which you worked at the company. Try and recall all the details to the best of your ability so that your resume looks complete and detailed. If you are unsure about some facts and figures, just leave it blank rather than mentioning something incorrect.
15. Do not include your salary history on both your cover letter and resume:
If you have already mentioned your salary history in cover letter then do not mention it again on your resume. Nobody has the time to go through the same details twice. Doing something like this will show you as someone who does not value the time of the recruiter. Remember that it is a better idea to include your salary history on your resume rather than on your cover letter job application. If you do include it on your cover letter, include it right at the end.
16. There is no need to devote too much space to salary history on your resume:
Finally, your salary history should not be very wordy and you can include it in point form on your resume. The focus of your resume should be your talents and abilities rather than the salary which you received from your previous company. So ensure that you do not mention any unnecessary details which hold no importance.
Writing a resume is not as tough as you might think it to be. If you give your best then you will be able to produce an impressive resume which is bound to knock the socks of the person reading it. Different companies look out for different things on a resume. While some companies do look for salary history and requirements, others are not so particular. You must ensure that you inquire about the things which you need to mention on your resume. If your resume looks incomplete and lacking in detail then it will immediately be rejected.