Salary expectations questions – How should you answer them? (2020)
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Salary expectations questions – How should you answer them? (2020)
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Re: Salary expectations questions – How should you answer them? (2020)
#2I tell recruiters what I want to make from the beginning (my first reply to them on LinkedIn or wherever they reach out) yet say that's what I'm making now ..how competitive is this opportunity?
Either they can match or increase it. If they can the conversation continues and the pay is set in stone never to be discussed again thru all interview processes.
Re: Salary expectations questions – How should you answer them? (2020)
#3Only talk about past salary if it was 20% above market.
Re: Salary expectations questions – How should you answer them? (2020)
#4Unless you end up with someone like me who has a budget and always pays the max.
I usually ask "what do you expect to be paid" to understand if I'll make them happy or sad when discussing what I'll actually offer.
This is not foolproof and has caused some issues with people coming in as very good negotiators and thinking my inability to budge is because I'm being hard-line, when in reality it's because- as mentioned, I always offered the max for a role.
The second issue is that not all people are equivalently valuable, but I think solving that in the salary is terrible, because salary should cover your compensation for responsibility. If you have to reward someone valuable then it should probably be via bonus' imo.
Re: Salary expectations questions – How should you answer them? (2020)
#5I tell recruiters what I want to make from the beginning (my first reply to them on LinkedIn or wherever they reach out) yet say that's what I'm making now ..how competitive is this opportunity? Either they can match or increase it. If they can the conversation continues and the pay is set in stone never to be discussed again thru all interview processes.
Third-Party Recruiters are actually great, they're super expensive for the company who you hire through, but they're the only people motivated to make sure it's a good fit and are neutral on it.
You'd expect that they would be incentivised to place you somewhere bad so that you're a repeat customer, but there's something that seems to make this not true, perhaps reputation?
Re: Salary expectations questions – How should you answer them? (2020)
#6I tell recruiters what I want to make from the beginning (my first reply to them on LinkedIn or wherever they reach out) yet say that's what I'm making now ..how competitive is this opportunity? Either they can match or increase it. If they can the conversation continues and the pay is set in stone never to be discussed again thru all interview processes.
Third-Party Recruiters are actually great, they're super expensive for the company who you hire through, but they're the only people motivated to make sure it's a good fit and are neutral on it. You'd expect that they would be incentivised to place you somewhere bad so that you're a repeat customer, but there's something that seems to make this not true, perhaps reputation?
Yeah if they put you in a crappy job or it's not what they represented it was, you'll never use them again and you'll tell your network not to use them.
They are motivated to place you in a job, since that's how they get paid, but they want you to be happy with it.
Re: Salary expectations questions – How should you answer them? (2020)
#7I tell recruiters what I want to make from the beginning (my first reply to them on LinkedIn or wherever they reach out) yet say that's what I'm making now ..how competitive is this opportunity? Either they can match or increase it. If they can the conversation continues and the pay is set in stone never to be discussed again thru all interview processes.
Third-Party Recruiters are actually great, they're super expensive for the company who you hire through, but they're the only people motivated to make sure it's a good fit and are neutral on it. You'd expect that they would be incentivised to place you somewhere bad so that you're a repeat customer, but there's something that seems to make this not true, perhaps reputation?
Recruiters only get paid if a candidate stays beyond a period of time. If the candidate does not work out the recruiter needs to find a replacement. Recruiters won’t deal with shit people because if they don’t stay or are prone to not working out they are a burden.
In terms of money it’s usually a percentage of the salary. So if the recruiter works on 10% then they have incentive to get you as much money as possible.
Re: Salary expectations questions – How should you answer them? (2020)
#8Unless you end up with someone like me who has a budget and always pays the max. I usually ask "what do you expect to be paid" to understand if I'll make them happy or sad when discussing what I'll actually offer. This is not foolproof and has caused some issues with people coming in as very good negotiators and thinking my inability to budge is because I'm being hard-line, when in reality it's because- as mentioned,…
I think salary + performance bonus is generally a good way to go. I've only had one job that did that. The base salary wasn't remarkable but there was a bonus that had a component that was calculated based on the overall performance of the company that year, and a component that recognized individual performance. So everyone got a bonus, but high performers got more.
You used to see bonus compensation in most financial companies. I'm not sure if that's still the case.
Re: Salary expectations questions – How should you answer them? (2020)
#9Stacey Vanek Smith wrote "Machiavelli for Women". She said in radio interviews about the book that she wanted to put in the book the suggestion that if an interviewer asks what you make, an interviewee should reply with the real value plus 10%. Apparently legal people at her publisher did not allow her to put this in the book.
I think it's reasonable to ask what an interviewee expects to make, but not reasonable to ask what an interviewee makes now.
Re: Salary expectations questions – How should you answer them? (2020)
#10I don’t know if this is the best advice, but here’s what I tell prospective employers that ask for my compensation expectations.
I tell them I live in NYC, and with my current compensation I can comfortably afford the preposterous rent.