Re:Salary Transparency
by WalterBright on Tuesday October 25, 2022 @04:19PM
(#33335599)
Negotiation skills apply about everywhere in life. Not learning them can get very expensive.
> I have an offer from the other company
So take it!
> Can you be flexible with the base pay?
A better way is to make a counter-offer. May I recommend the book "Never Split The Difference" which has a lot of good information about negotiating. Remember your most important power is being able to walk away.
Here's how it goes with existing companies:
[Me] Hi, I'd like a raise.
[Co] Nope.
[Me] OK, here are examples of the value I'm providing and how it's increased over time.
[Co] Your current salary accounts for this.
[Me] Other companies offer 20% more and I'm only asking for 10%.
[Co] ...
[Me] OK, I have an offer from the other company. Last chance.
[Co] Well... Bye?
Here's how it goes as a new hire:
[Co] Here is your offer letter with your salary, bonus, and equity. (it's 0.2% more than my current TC)
[Me] <gulp> I think the market rate should be much higher, based on my experience and skills.
[Co] We don't agree.
[Me] Can you be flexible with the equity?
[Co] No.
[Me] Can you offer a signing bonus?
[Co] No.
[Me] Can you be flexible with the base pay?
[Co] LOL No.
[Me] What about hours, time off flexibility, and so on...
[Co] Look, do you want the job or not? There's a line forming behind you, my dude.
I hate that a skill (negotiation) that is unrelated to my actual job has to be one of the primary drivers of my compensation.