What was the toughest budget issue you ever faced? How did you deal with it?

Job interviews are a theatrical performance. In this case, a stutter could mean bad reviews -- and cost you a perfect position. And in a competitive market, interviewers are inundated with qualified candidates, so they're throwing out tougher questions than ever. Here are five of the toughest questions you may likely face during your job search -- and how experts say you should answer them. Tough Question #1: Why Should I Hire You? How To Answer: Listen and learn, then use that information. "Throughout the interview, ask them specific questions on who they are looking for, what specific attributes stand out for them, discuss a day-in-the-life of the position, etc. Then once you understand their terms, their methodology, their process -- you use those exact attributes in answering [that famous] last question, 'Why should I hire you?'" says Laura Rose, founder of Rose Coaching. Tough Question #2: What is your greatest fault? How To Answer: Keep it relevant and simple. "Stay away from personal weaknesses, and don't use a fake 'weakness' such as 'I work too hard,'" says Charles Purdy, senior editor and career expert at Monster.com. If possible, mention something that you're working to improve. Purdy's example: "I am always working on improving my communication skills to be a more effective presenter. I found that joining Toastmasters was very helpful." Tough Question #3: What three historical figures would you invite to dinner and why? How To Answer: If you're asked a real off-the-wall question like this, the one thing you must do is remain calm. "When an interviewer asks you a bizarre or oddball question, they're typically looking to see how well you think on your feet. Often, there is no 'correct' answer to what they're asking...This is often your chance to incorporate a little humor into your answer or show your personality -- so try not to stress too much about being 'right,'" says Heather R. Huhman, founder and president of Come Recommended. Tough Question #4: What are your salary requirements? How To Answer: Your goal here should be to set yourself up for the most they can offer, without pricing yourself out of a job. To do this, let your interviewer lead. "If at all possible, you should try to find out the other person's hand first," says Jonathan Mazzocchi, a manager at the staffing firm Winter, Wyman. Then, be direct without pinpointing a required salary. "You can simply state your current salary and explain that your main focus isn't salary but finding the right job where you can have a direct impact on the company and bottom line," says Mazzocchi, adding that you can also ask what someone with your experience would expect to earn. "The bottom line is, you want to get to the offer stage. Once you know they want you and have made you an offer, you will have much more leverage," says Mazzocchi. Tough Question #5: Where do you see yourself in five years? How To Answer: Here, you want to show you have ambition but not appear to be aggressively pursuing your interviewer's job. This is one of the few areas where being a bit vague can be valuable. Tracy Cashman, a partner in the informational technology division of Winter, Wyman, suggests saying this: "I [have] been fortunate enough to find good companies to work for where I have been able to progress and be continually challenged. I would hope that my next role allows for that to continue over the next5 years. Based on what I've heard from Joe and Susie in my interviews with them, this seems like just that kind of place."

I fully agree with the answers been added by EXPERTS..........................Thanks

I agree with Vinod Jetley .......

reducing number of employee due to budget concern is the most difficult issue.

the most difficult decision is to select a person whom you reduce-if all are actually needed and perform equally.

How to make fair decision-very difficult, also you decide someones destiny, and they did nothing wrong, just you don't have budget. 

Use effective proactive budgeting techniques and avoid common pitfalls to find budget success.

 

Understand the Importance

It's difficult to achieve budget success in both personal and business settings without recognizing that budget discipline is important. You need to buy into the importance of staying within your allocated budgets. Company leadership can help this by communicating the impact of budget discipline to the bottom line. However, good budget managers take their fiscal responsibilities seriously and commit to monitoring cash inflows and expenses rigorously.

Be Flexible

In his article "8 ways to make a budget work" for Microsoft, Jeff Wuorio notes budget flexibility in his first three points. Specifically, he recommends managers realize the learning curve with budgeting, understand that misses can happen, and be flexible as needed. This is not a message of acceptance for poor budget discipline; instead, Wuorio points out that budgeting is a learning process. You have to fail sometimes and be willing to adjust in specific expense categories. Additionally, various expenses or investments can fluctuate in importance.

Spend Wisely

Budgeting often carries a negative connotation because you tend to see it as a constraint to spending. However, part of good budgeting is spending money wisely. Ideal budget includes avoiding unnecessary or wasteful expenditures and maximizing profitable or beneficial investments. To achieve this optimal budgeting position, you cannot become comfortable. Some activities that once were worthwhile might no longer have value. Constantly monitoring the correlation between expenses and cash inflows can help you realize when and where to adjust spending.

Stay Focused

One common mistake in small-business budgeting is getting too particular. For instance, managers that have to concentrate on budgets for every single part or supply they use will get too caught up in minute details. By budgeting for more general supply or inventory categories, managers can more effectively review, analyze and reassess budget objectives. Additionally, small businesses often rely on systematic budget software programs to record and analyze cash inflows and expenses. Overly detailed line-item budgets can make practical analysis and revisions to budgets much more difficult. Disciplined budget managers focus on broader budget strategy rather than overly narrow itemized budgets.