Definition: From a job seeker perspective, a salary range is the amount of compensation a candidate would accept for a position. A salary range, rather than a flat amount, is often provided when a company asks for salary requirements. For example, if a job posting asks for salary requirements, a candidate could say in the $25,000 - $35,000 range.
Giving a range provides for flexibility both in being considered for the job and in negotiating salary.
From an employer perspective, the salary range is the amount of compensation paid for a specific position. For example, if the starting pay for a job is $20,000 and the maximum salary for the position, after merit increases and tenure on the job, is $30,000, the salary range for the job is $20,000 - $30,000.
Salary Information and Advice
