Answered by Dan, Hiring Expert at Mutual of Omaha, on Monday, May 16, 2016
Great question! In my experience, cover letters are not requested, but optional. However, when one is requested with information that some may think could affect your chances of getting an interview can be challenging. But the good news is there are ways to include the information without hurting one’s chances of getting an interview/ the job. If no specific instructions on how to include one’s salary requirements, there are a few options on how to do so. One can list a salary range, that way it gives both parties some flexibility. Before providing a salary range, make sure you have done your research on the position by using salary surveys/ salary calculators and most important make sure it is a realistic salary range. After listing the salary range, one can state that they are negotiable based on the position and overall compensation package – salary, benefits, vacation, etc. By stating you are negotiable/ flexible is key, that way it will keep one within the running and give both parties options once negotiating takes place.
For example, a way on how to present this information within one’s cover letter could look like this.
“Per your request, an acceptable salary range for this job, based on the description and my research, is (Insert Salary Range) not including benefits or supplements. My requirement is flexible and negotiable, depending on such factors as additional benefits, salary reviews, and increased advancement opportunities.”