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Dik Hz posted:Excellent OP, Dwight. I want to add a common piece of advice from the old thread. If someone tries to punish you for negotiating, they are a shithead and you do not want to work for them or be associated with them. Not all positions are negotiable, but you should certainly treat them all as negotiable. This has probably been covered a hundred times over in the other thread but I don't remember ever seeing it within the past few months... why is this such a firm belief in SA when there's a lot of research that suggests anchoring (being the one to give a number first) could potentially be even better? https://en.wikipedia.org/wiki/Anchoring#In_negotiations It feels like there are two polar opposites here (offer first or have them offer first), both of which have advantages and disadvantages.
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Mar 16, 2016 00:11
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Risket posted:Sorry, I should have specified, they're RSUs It only matters if the price changes between when you get your offer and when the RSUs vest, but if you could predict that, you could just be playing the stock market instead of working.
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Aug 2, 2016 21:23
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Risket posted:The first 25% won't vest for a year, so I imagine the stock price will change between now and then.
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Aug 2, 2016 22:10
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Is it kosher for me to ask "what would it take for me to get a promotion after this year" during an annual review of some sort? I am friendly with my manager and he tries to fight for us when possible, but it would be nice to get a list of [required achievements to get a promotion to Senior Engineer] or whatever. Unfortunately my job description is too fluid to lock down too many of these goals perfectly.
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Sep 12, 2016 23:41
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"First year" engineer but position roughly of a third or fourth year. 2.7% raise and a ~8.2% effective raise in equity ([new equity awarded] / [base salary + base signing equity]) with distributions every 3 months starting immediately. 10.9% total raise, minus whatever volatility/opportunity costs of having that 8.2% in equity rather than cash. is this OK or kinda good or really good for engineering? also is this the correct way to look at it? obviously cash is worth more than equity so if you prefer, assuming 30% drop in equity value, 2.7+5.7 = 8.4% ~asking for a friend~
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Sep 27, 2016 23:31
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CarForumPoster posted:with one exception and that was in tech and was an equity bonus
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Sep 28, 2016 02:12
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CarForumPoster posted:Correct. Just curious, is this a publicly traded company? Blue chip stock? These are the huge differentiators. If the stock is Apple/Google/Tesla/Amazon/etc then great....if it is Yahoo or something "pre-IPO"...well significant risk is involved there. The real comparison should be "go get an offer from another company since youre so young and you can probably get a 20-30% raise" but I'm not super interested in moving yet
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Sep 28, 2016 03:25
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Good point. I guess I felt bad for "wasting their time" but perhaps if I go in with a better strategy of making it clear they need to sell me on the job (without sounding like a dick/like im just applying for the sake of applying) it'll be more appropriate. My inexperience is showing here.
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Sep 28, 2016 18:53
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Is it common to be able to ask your own HR department for total compensation and breakdown for your own information? Does every company consider total compensation with the same formula/factors? For example, do some companies consider ESPP expected value as part of total compensation, but other publicly trade companies with ESPP ignore that aspect? or public transit incentives, or whatever other obscure factors that may or may not be included.
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Sep 30, 2016 19:58
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ADolan posted:I just received a job offer for a company where I would be making $57k/year and receive a $2500 bonus payable after 90 days employment. This would be a huge leap from my previous job where I was only making $48k/year in a much more expensive city. Well before reading this thread, when I applied for the new job I mistakenly mentioned how much I made at my previous gig and asked for $55k/year for desired salary. My question is whether it's still worth negotiating for more money since they knew how much I made at my old position, and I asked for less than what they offered. Any advice is greatly appreciated. Agreed that you should probably just accept and be thankful they're giving you a whopping 19% more than you asked for.
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Oct 18, 2016 00:38
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Could really use some advice when trying to shift fields and roles while taking a significant pay cut. Current employer: ~$163k total comp, getting promoted in 2 months for +$20k to $183k New job offer: entirely different field that I want to move into. Still working out details, but probably ~$60k, maybe $70k total compensation tops. It’s hourly (with overtime), profit sharing, some 401k match, not sure what else. It’s an associate manager role and the director said that I’d be “close” to a regular manager role but that they'd want to start me out as associate. How do I properly negotiate this? I was thinking: - Leverage my upcoming work promotion as a way to bump this initial offer to regular manager role and compensation bump to go along with it - If that doesn’t work, ask for compensation bump to the regular role while keeping associate title and a clear performance plan and timing to get promoted in ~6 months of high performance from associate to regular manager - If that doesn’t work, just ask for compensation bump I’m happy enough where I am and made it clear I love my current group (although not in my ideal industry) and wouldn’t mind staying that badly, but do really want to shift to this industry. So I think I have some solid BATNA, but it’s difficult for me to figure out how to properly negotiate other than just “more than what they initially offer”. Any advice here? I don't have a solid number for what I would and would not accept, since I want to move industries so long as I'm initially making a livable wage and growing from there. Blinky2099 fucked around with this message at 22:03 on Aug 7, 2017 |
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Aug 7, 2017 22:00
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So I'm thinking about taking this new job (moving from senior engineer at a top company which I don't enjoy, to associate manager in a completely different field, non technical, non engineering, etc.). The pay will be significantly lower which I'm okay with. I'd rather not come in as associate though, and I'd rather be paid more, like everyone. The recruiter said that they "we did our best to make it hurt as little as possible" and "but still coming into an associate level role here" The way I see it, it's perfectly reasonable to negotiate once, and somewhat reasonable to try again a 2nd time, and pretty unreasonable to try for 3rd and 4th. Is that about right? Meaning I could... 1) ask for bump from associate to regular manager, sounds unlikely 2) ask for pay bump and performance plan to get promoted in 6 months or so Is this a good idea? I might be wasting 1) since it's so unlikely, but at least it would anchor the conversation for negotiation number 2) as being more reasonable. Or I could skip right to 2) and then as my second negotiation if that one fails, try for a stock bump instead of salary and a 12 month performance plan instead of 6 or whatever. LochNessMonster posted:Personally I wouldn't take that large a paycut but seek out jobs in which you can leverage your current skills/industry experience and learn parts of your desired industry. Blinky2099 fucked around with this message at 16:22 on Aug 17, 2017 |
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Aug 17, 2017 16:19
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and started working for a consultancy firm. After a year I landed a gig in my desired field but specifically for my old skillset. So now I'm learning my desired skills while getting paid for my experience in my old field. And I'm likely getting a job offer to join my current client permanently in a month.
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I got an offer far above what I was expecting. this is a smaller pay cut that I'm very seriously considering, especially because I love the company. Total comp will be over 100k. For better or worse, I asked if there was anything they could do on the salary side (rather than ask for a flat $10k more or whatever) to leave it open. The recruiter said it's looking unlikely but he'll know by Wednesday, and wants to talk today (Tuesday). Is this just so he can gauge my likelihood of walking without them bumping up the salary? Should I talk, or just wait to hear back Wednesday? The current offer is far enough above my expectation that I'd probably take it without any increase, so I don't want to go too hard. Blinky2099 fucked around with this message at 17:18 on Aug 22, 2017 |
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Aug 22, 2017 17:08
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Did that, got an additional ~$6k salary on top of an already good offer. Thanks again for the advice, LochNessMonster / No Butt Stuff / my favorite SA thread.
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Aug 23, 2017 01:00
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