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On the subject of disclosing your compensation

raganwald.posterous.com

31–37 of 37 posts

Re: On the subject of disclosing your compensation

#31
It doesn't matter so much what you tell them so long as you are willing to reject a lowball offer and ask for more. If they are going to negotiate with stupid tricks and use information you give them adversarially, feel free to drag out the interview process at their expense. Once they make the offer they've revealed their intention to hire you.

If they had made you a fair offer the first time around they wouldn't have to worry.

Re: On the subject of disclosing your compensation

#32
post #3

Great advice. It took me years to learn it on my own. One thing I would like to add is there are times you have to clam up completely and refuse to give out even a range. At one of the companies I worked for, they had a weird policy of not hiring people if their new salary would exceed their old salary by more than 20%. Now, I can understand some of the reasoning behind it, but I personally find it detestable. The be…

I got screwed by a policy like that years ago when I moved from the DoD back into the private sector. I was honest (and naive) when filling out the HR paperwork and listed my low gov't salary. Come to find out later they knocked 15K off the salary.

If you'd added in the market value of government benefits (such as pension), you'd have come up with a much nicer figure.

Re: On the subject of disclosing your compensation

#33
post #3

Great advice. It took me years to learn it on my own. One thing I would like to add is there are times you have to clam up completely and refuse to give out even a range. At one of the companies I worked for, they had a weird policy of not hiring people if their new salary would exceed their old salary by more than 20%. Now, I can understand some of the reasoning behind it, but I personally find it detestable. The be…

Can you explain some of the reasoning behind that policy, because I don't understand it.

I never inquired about it, because I was afraid that I might respond with something I would later regret. However, I speculate that in their case it was because they must have spent way too much money initially, when they first opened up their offices in my country. I don't know whether the salaries they offered initially were a part of aggressive hiring plan or just a result of someone's incompetence in HR; given the usual level of competence in their HR, it would be really hard to tell which of those two it was. However, the job was really good in all other respects.

Re: On the subject of disclosing your compensation

#34
post #7

I would go so far to say that if you use this technique and find a recruiter doesn't want to deal with that, you've just found a great recruiter filter mechanism. Move on to someone else who actually adds value. Recruiters annoy the heck of out of me as a contractor: They claim all kinds of value when in fact they have but one thing to add: they know someone looking for a job. They add no other value to the equation…

My first instinct while reading your last sentence is "oh no, now we're going to get spammed by crappy recruiters". Then it occurred to me that if a tech recruiter is actively participating in Hacker News they are probably at least a step above the crowd.

Re: On the subject of disclosing your compensation

#35
post #7

I would go so far to say that if you use this technique and find a recruiter doesn't want to deal with that, you've just found a great recruiter filter mechanism. Move on to someone else who actually adds value. Recruiters annoy the heck of out of me as a contractor: They claim all kinds of value when in fact they have but one thing to add: they know someone looking for a job. They add no other value to the equation…

My first instinct while reading your last sentence is "oh no, now we're going to get spammed by crappy recruiters". Then it occurred to me that if a tech recruiter is actively participating in Hacker News they are probably at least a step above the crowd.

You'll also notice the complete lack of replies from recruiters thus far. :)

Re: On the subject of disclosing your compensation

#36
really?

I mean, I usually have more than one offer. For me, I've always been open about what I currently make, and about how much it'd take to get me away from that. I'm also open about any other offers on my plate.

I interview often enough that I figure that if I am lowballed, I'll get another offer that is better enough to move fairly quickly. If you want me long term, eh, maybe you shouldn't have lowballed me in the first place?

Key here, I think, is to keep interviewing even when you aren't really looking to move. it's the only way to have an honest view of how much you are worth, and I think it's good practice, anyhow.

(of course, for the last year and a half I haven't been working for other people, and I haven't quite figured out contractor negotiations.)

Re: On the subject of disclosing your compensation

#37

Earlier quoted context omitted.

a) What I said ;-) b/c) My point is that if you give a range, companies will tend to offer towards the lower end of that range. It doesn't matter how many years experience you have or what you change the range dates to. If you are going to give a range, you are essentially giving a low end that you will accept. Many companies will take advantage of that.

It is not my experience that given a range and a time period that most companies will offer towards the low end. When an employer makes you an offer, they want you to accept. They go to a lot of work to approve that piece of paper, they want to save money but they don't want to have you decline. They ESPECIALLY don't want to give you a low offer and lose you to another employer who outbids them. If you say that in th…

I can see your point here. Perhaps, giving the historical range you are more likely to get the first foot in the door than if you just give a value, or a desired range. So if that first foot is important, then yeah, maybe it's worth a try.
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