What does "desired compensation" mean on a job application?

When applying for a job, desired compensation refers to the salary and benefits you request from an employer. Employers may discuss salary and benefits separately during the hiring process. Benefits can include paid time off, insurance, retirement plans, tuition reimbursement, and more. Employers typically ask about desired compensation during interviews to ensure it aligns with their expectations for the position. It‘s important to consider the industry and average salaries when determining your desired compensation.