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Great post, Dwight. Also, thanks for setting up the spreadsheet Kyoon.Blinky2099 posted: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? I wholeheartedly endorse anchoring for people with unique skillsets or who are in extreme demand, like classified cyber-security professionals or experienced pediatric neurosurgeons. But for the purposes of this thread in advising people how to negotiate their first salary or raise, resisting giving out a number first is generally a better strategy.
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# ¿ Mar 16, 2016 00:33 |
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# ¿ Apr 29, 2024 17:22 |
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If this thread does nothing else, convincing people not to give a range will make the world a better place. Think about it this way, if you go to buy a toaster, and the cashier says the toaster costs $10-20, would you ever consider paying more than $10?
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# ¿ Mar 17, 2016 02:02 |
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El Mero Mero posted:What are people's opinion about just lying about your current salary (or inflating it) and then using that number to negotiate slightly up from? Additionally, there's no need to lie. Not disclosing your current salary and simply stating your salary requirement will accomplish the same thing.
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# ¿ Mar 17, 2016 02:37 |
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Jeffrey of YOSPOS posted:I disagree with people saying it's unethical - companies won't hesitate to lie and say things like "we'll plan on giving you a salary bump/promotion at the 6 months mark" and other such things to sign people - it seems only fair that it goes both ways. Still, it carries risk and can damage your credibility if you're caught. I think you'd be strictly better off making up a pending offer from a third company(leave it unnamed) than your actual, falsifiable current salary. It's bizarre but not completely off the table for a company to ask for a paystub or even an offer letter (I'd never comply with such a request but I'm at a point in my career where I am genuinely happy to walk from a place that rubs me the wrong way.) Using a company giving you an offer has other advantages - if they play hardball, you can have good reasons to non-sheepishly take the offer anyway, like company-specific intangibles. That doesn't play so well when it's literally a place you're (ostensibly) happy to keep working at. I can only speak for myself, but if a candidate pulled this on me and I decided to hire them, I'd make their offer conditional on providing the details of the competing offer.
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# ¿ Mar 19, 2016 19:07 |
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Cast_No_Shadow posted:If you can't even trust me here over what is, to the company, less than a rounding error, whats it going to be like working for you. Thanks for your time, don't call me, I'll call you.
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# ¿ Mar 20, 2016 20:02 |
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Bisty Q. posted:Why should they trust you? Demanding a copy of a competing offer letter is so far out of the professional norm that it makes you sound like a loon. From my perspective, I need justification to get additional budget for the hire approved. An offer letter from a competitor for a person who we wanted to hire would be the perfect justification that our initial budget for the hire was too low. I've done this before, and it's not a big deal. Scenario 1: Potential hire: "I have a competing offer that I'm prepared to accept." Me: "Great! Can we match it? I'll need a copy of the offer to take to my leadership so we can beat it." Potential hire: "Sure, here's the e-mail!" Me: "I can't make any promises, but I'll go to bat for you!" Scenario 2: Potential hire: "I have a competing offer that I'm prepared to accept." Me: "Great! Can we match it? I'll need a copy of the offer to take to my leadership so we can beat it." Potential hire: "No." Me: "Um, ok. We'll be in touch."
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# ¿ Mar 21, 2016 01:15 |
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Kalenn Istarion posted:If they are bringing you in like that odds are they will step up. Couple other points I'd like to make to TheWevel: - Exploit your information asymmetry. As long as you're professional in your negotiation, there's only upside to setting a high target. - The outbound guy wasn't liked. You are. Therefore you're more valuable and should be paid more than the outbound guy. - Can you get on COBRA or something similar for your wife? Slightly less than routine (or premature) pregnancies can easily result in 6 figure medical bills. Also, companies don't always have flexibility with regards to the start of medical benefits.
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# ¿ Mar 30, 2016 23:53 |
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Doghouse posted:How feasible is it to look for a job, specifically in mechanical engineering, where you kind of need a signing bonus to take it? My wife (m.e. With ~5 years experience) is terribly unhappy at her current job which started about 5 months ago. Unfortunately they paid for our relocation and we'd have to pay back 100% if she left before a year, 50% before two. I'm not sure how much it would be, but it would be a lot; they even put us up in a nice apartment for the first month.
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# ¿ Apr 30, 2016 00:36 |
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Kalenn Istarion posted:This is a good post and should be quoted or linked in the Op, I think. I completely agree with the rest of your assessment though, particularly that new hires should consider a transactional approach.
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# ¿ Apr 30, 2016 12:27 |
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Not Grover posted:Not sure if this is exactly the right place to ask, but it seems right. My girlfriend and I both work in the same industry and are looking to relocate. We interviewed this week at competing companies in the city we would like to move to, and both got offers. Because it's a little of a niche industry and kind of a small world, so to speak, my potential employer knows my girlfriend interviewed at the other company. I actually interviewed at two locations owned by the same person; one is specialty and one is more generalized (and in another town ~20-30 mins away). I'm more interested in the specialty place, and today received an email back with an offer, with the caveat that the owner would prefer that I not work in the specialty office if my girlfriend is going to work for the competitor (conflict of interest?). I kind of get it, but it also kind of seems like bullshit to me. I am going to sleep on it before I respond, but as I've never been in this situation, I thought I'd get some more perspective. Thoughts? Your girlfriend is in the same position; how did her company handle it?
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# ¿ May 20, 2016 02:29 |
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asur posted:Are there any guidelines for negotiating if you have multiple offers without a strong preference between them? I'm assuming you want to mention that you have a better offer to improve your BATNA and get them to offer more. Is there a limit to how many times you can come back to the company asking for more because of a better offer? It seems like people would get annoyed or is this just expected? FWIW, as a hiring manager, I assume anyone that's awesome enough for me to consider hiring is awesome enough to have multiple offers. When they counter my initial offer, I assume it's because they could make more money elsewhere and counter back according.
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# ¿ May 27, 2016 04:00 |
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Hotbod Handsomeface posted:I am graduating with a Bsc in chemical engineering in a few weeks. I have 2 internships, 1 research project that I presented at a national conference, have club leadership experience, and have a GPA of 3.2.
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# ¿ May 28, 2016 03:39 |
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poeticoddity posted:Update: Ugh. The recruiter I've been talking to about this position for over a month e-mailed me earlier (post interview) and explicitly asked, "Give me a range please." Suggestions for handling that?
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# ¿ Jun 30, 2016 04:09 |
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paradigmblue posted:I'm really unsure on how to proceed, and I could use a hand. I'm expected to send an e-mail on Monday with my answer. However, there's a lot of missing information that could make this bad advice. Can you give us more details about how replaceable you are in your current position vice the new position? How likely is another similar opportunity to come up if you decline this one? Where are you at in your career and where do you want to be in your career? Occasionally, taking the increased responsibilities regardless of compensation makes sense if you have a crappy BATNA and you intend to leverage the new skills into a new career field or at a different company at a much higher salary. Transitioning from engineering to project management is a great example in my industry (aerospace/defense), if the latter suits your talents better.
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# ¿ Jul 23, 2016 15:28 |
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paradigmblue posted:My current position is retail management - I am the GM of a 14,500 sf liquor store with a staff of 25, which makes me fairly replaceable - retail management isn't exactly rocket science. I've been very successful at that role however, so it sounds like one of the reasons that management wants me to stay in my current position as well is that they are afraid of taking a chance on another manager. The location I manage is relatively remote compared to the rest of the stores in the company, which means that I operate with a lot less support than other stores in the chain. I'd push back with: "I'm excited about this opportunity and the confidence you place in me, but I'm concerned that I won't be able to effectively manage my store without putting in additional hours. I'm also worried that the travel requirements will force me to spend more time away from my family. Considering the additional responsibilities and sacrifices I'd have to make, I expect commiserate compensation of X." If they balk at that, I'd counter with: "I'm still excited about the opportunity and it aligns with my career goals. If I'm successful with my new assignment by demonstrating <something measureable> while maintaining sales at their current level at my current store, will you commit to a raise of X at my 6 month review?" Then do it.
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# ¿ Jul 23, 2016 19:49 |
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Dwight Eisenhower posted:I disagree, under no circumstances should you accept additional responsibilities without additional compensation. A promise for a raise in 6 months is worth nothing, they will play the same game again when 6 months roll around until you grow a spine and put your foot down. I'd still do this though if there's no raise: Dik Hz posted:You might consider taking the promotion without compensation to make the transition then going elsewhere to get paid. Jeffrey of YOSPOS posted:Yeah you could take the new title and immediately start interviewing elsewhere.
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# ¿ Jul 25, 2016 01:10 |
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paradigmblue posted:My palms got sweaty and my heart raced just getting up the nerve to hit the "send" button. I'm terrible at being assertive, so this was really hard for me. We'll see what happens.
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# ¿ Jul 26, 2016 02:51 |
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# ¿ Apr 29, 2024 17:22 |
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Risket posted:Luckily the engineers I work with are all pros, and are glad to accept my help.
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# ¿ Aug 3, 2016 01:15 |