Simply stated, a salary requirement is how much payment a person would require to accept for a certain position. You can base this on many factors like:

• The job industry
• Your salary history
• Any past work experiences
• The cost of living in your area

In some cases, the employer may request you to provide him with a salary history, rather than or along with the salary requirement letter. Salary history speaks for itself, it’s a document that includes your earnings in the past from other companies and may include information such as:

• the names of the companies you have worked for
• your position or title in the workplace
• how long you’ve held the position
• salary benefits package

If an employer asks you for a cover letter with salary requirements, don’t take the request against him. This is because employers need your salary information for several reasons. First and foremost, if your price range is too high, they may not even consider you for the position.

The employer may also think that you may not be happy working for a lower salary. On the other hand, if your salary is lower than what the company will pay, they may offer you an even lower salary than they would another prospective applicant. Click here to read more.