When you are requested by a potential employer to include your salary requirements in your cover letter, be prepared by knowing your worth. Using your knowledge around what salary is commensurate with your skills and experience will give you an edge in writing your cover letter.
However, you may occasionally find during your job search that a potential employer will require you to include your salary requirements in the initial cover letter. Typically, this request is designed to ensure that the employer is only considering candidates whose salary requirements fall within the range they have budgeted for the role.
In this instance, there is no way around it: you must include a salary range in your cover letter. But how do you make a cover letter that mentions your salary needs without eliminating yourself from the position right out of the gate? Read our example cover letter with salary requirements below, to get some ideas on how you can write your own.
And for more about negotiating your salary, check out our article Salary Negotiation Mistakes to Avoid, which explains how to negotiate the best salary possible.
Example Cover Letter with Salary Requirements:
Dear Ms. Kindig,
My varied customer service and training experience, along with my extensive educational background, make me an ideal candidate for the corporate trainer position posted in the Careers section of your website. Much of my previous work experience has been in customer service, and the tools and techniques I have learned from this industry transfer directly to the skills outlines in your job post, including effective written and verbal communication, facilitating group discussions, problem solving, developing rapport, organizing, meeting goals, and managing groups.
My extensive educational background, bachelor’s degree in marketing, and postgraduate work in teaching and counseling will help me add new perspectives and ideas to your department. I know I can be a key player on your training team, and I would like the chance to prove that to you.
Per your request, an acceptable salary range for this job, based on the description and my research, is 50-55K, not including benefits or supplements. My requirement is flexible and negotiable, depending on such factors as additional benefits, the opportunity to earn bonuses, and opportunities for advancement. Thank you for your time and consideration.
For more information related to salary and salary negotiation, check out our article Salary Negotiation and Job Offer Tools and Resources for Jobseekers.
Other Free Sample Letters for Job Seekers Include:
Free Jobseeker Sample Job Search Letters
Free Jobseeker Sample Thank You Letters
Free Jobseeker Sample Letter: Accepting a Job Offer
Free Jobseeker Sample Letter: Declining a Job Offer
More Helpful Cover Letter Resources:
Cover Letter Examples
Cover Letter Builder
How to Write a Cover Letter
Cover Letter Samples
When applying for a job you may be required to include salary requirements in your resume cover letter.
First of all, it is recommended to avoid indicating the salary expectations in cover letters unless you’ve been explicitly asked to provide them. This is because you will not have an idea about the job description and salary ranges until you receive the job offer and/or the interviewer raises this issue. This would lead to a premature and ineffective decision at the preliminary stages.
Therefore, remember to include your salary requirements (i.e. salary expectations) only when you have been asked for this piece of information.
So how would you go about this?
This article deals with the elements that comprise the salary range for a job opening. The article also discusses the way one should include the salary requirements in his/her cover letter and provide a sample letter for the same.
How to write salary requirements in a cover letter
The dilemma starts with the fact that most (if not all) job hiring ads do not contain the employer salary limits.
The employer’s position:
Employers require this info to have an understanding of your salary expectations to obtain their first selection criteria. In fact, it appears that you may find yourself in 3 no-win situations:
1. If they find that you are looking for a higher salary, they will not waste any further time, since they will not be able to pay you that amount.
2. They might have the idea that you will not be happy working for a lower salary.
3. On the other hand, if your current expectations are lower, you might land yourself a lower salary package.
That is why your salary requirements in the cover letter have to demonstrate your desire to keep the door open.
1. You can state that your salary package is negotiable based on the overall compensation offered, including benefits.
2. You may provide a base salary (from-to) after researching the current market, like $50,000 – $75,000 – with the lower number representing your original salary expectation.
Both these options put you in a good position since they offer you flexibility during the salary negotiation stage.
Salary expectations and salary requirements cover letter
Before writing the cover letter that includes your salary requirement, you have to research the average salaries of the position based on several variants. Make sure you take a good look at the following factors:
Salary survey and salary range
You need to spend time reading the current industry reviews (salary surveys) and the salary ranges for people having a similar career status to the one you are applying for.
The company field
It is also necessary to look into the field of the hiring company as their salaries mostly depend on the industry they are engaged in.
Cost of living also forms an important part of determining your salary since it differs from location to location. For example – a financial advisor in New York is paid higher than one from Arizona as these two places have a cost of living gap. Hence job location needs to be kept in mind during your research.
Supply vs. Demand This is one of the most important factors for determining salary range. If the industry is saturated with a lot of people with the same qualifications and skill set, employers gain the upper hand resulting in a lower salary being offered than would have been the case were people in short supply for the required position.
On the other hand, if the demand and the supply are high, as in the case of s/w programmers, the company would want to grab these employees from the market and therefore offers a high salary package in order to be the first company to hire these professionals.
Compensations including benefits
Some professions (like marketing and sales) are based on benefits. You need to find out not only the salary range but also the total compensation structure that comprises all benefits for a given position – this is called the total Cost to Company or simply CTC.
Comparing apples to apples
Some professions require more competencies than others. The hiring company is going to consider your overall skills, experience and qualification as their pay factors. Therefore, these points should be highlighted in your cover letter or your resume.
Sample cover letter with salary requirements
Refer also to the article – Resume Cover Letter Samples
As regards your request, I have researched the market based on the job description and have come up with a salary range of $50,000 – $70,000 without any benefits or supplements added to the scale.
This is negotiable depending on the total compensation, career growth opportunities and other factors.
Thank you for your time and consideration.
As for the salary requirements, my expectations are as follows – $X.
However, I trust you will consider this figure following a job interview as I am flexible to negotiate all aspects of the job offer.
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