Cover letter with salary requirement
Creating a cover letter with a salary requirement component is a difficult exercise and requires a great deal of thought before it is approached. Here we look at some useful advice for those having to write a cover letter with a salary requirement included.
Traditionally, companies provided the salary with the job description, and there was little room for manoeuvre on the part of the employee. Nowadays, workers are expected to have a good idea of their own value, with the ability to justify this clearly.
Companies want to see in your cover letter how realistic your salary requirements are. Those salary demands that fall too high or too low will be rejected, and giving a cover letter with a salary requirement that is way below market rates will not be looked upon favourably.
Requesting applicants add a salary requirement to a cover letter is not an attempt by the company to save money, so do not be tempted to state an artificially low figure. In fact, a more intelligent approach is to place your salary requirement slightly above the market average, and thereafter use this as a bargaining position.
Of course, no salary requirement in your cover letter can be created out of thin air. You need to research the position carefully, and understand that salary is just one aspect of a total package. An impression that you are focused solely on money will also not be looked upon with favour, so you need to pitch it just right.
Especially if you are requesting a slightly higher than average salary requirement, you should be able to justify why you think you deserve this. You need to state in your cover letter the added benefits for the company in hiring you, and why an investment in you is good business for the organization.
Creating a cover letter
Creating a cover letter that makes an impact is the key to your application making it to the next step. That does not mean you should employ gimmicks like a coloured font, as a cover letter like that will end up in the recycling bin fairly quickly.
Creating a cover letter first of all means creating a document without errors. You should attempt to get as many people as possible to check your letter, and set the specific task of searching for errors. If you offer an incentive like free coffee for each mistake, you might find they find more than before.
If possible, get someone to check your cover letter who uses the English language in a professional capacity, whether that means a teacher, a business person or someone else, as it might surprise you how many common errors the average person makes, and spell and grammar check software will not help you that much. Creating a good impression through correct English is critical.
Creating a cover letter that actually targets the job for which you are applying is crucial. In other words, do not use a generic cover letter but take the time to create a new one each time. This way you can specifically address the advertisement and say why you think you are suitable for the role.
Creating an effective cover letter therefore is all about matching the requirements of the job with your own skills and experiences. Employers will look very quickly to make sure you have the necessary qualifications and experience so it is almost never useful to apply for a job for which you are not qualified, but certain skills the job requires allows a little more creativity, as often skills gained in one job are transferable to another.