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Talking About Money

kalzumeus.com

161–170 of 412 posts

Re: Talking About Money

#161

Earlier quoted context omitted.

Crazy. I'd definitely send a quick note to someone higher up if you can get a hold of him/her. I know, not worth the time, a hassle etc. But a typical CEO worth his salt will crush something silly like that in no-time, if you really want to hire good people this is the type of person you want to fire. I mean, hell, asking the question is one thing. I can live with that. But turning that into some kind of litmus test…

Yes, one might think so, but this was the CEO in question[1]. Edit, and so far as bluffing, could an employer legally ask for W2's to verify? [1] http://www.nytimes.com/2001/04/05/business/stinging-office-m...

In the original post Patrick already touched on the Japan case, but one thing I'd add is that one of the pieces of paperwork you must hand to your new employer is your final tax slip from your previous employer showing how much tax you have paid in the current year. From there it's trivial to calculate your previous salary.

There are ways around it but it seems most people go with "my base was XX.... and that's one of the reasons I'm out there looking to change jobs."

Re: Talking About Money

#162

There has been a recent trend in tech discussions to have greater transparency in compensation, and more importantly, removing negotiation from employment procedure (see recent changes at Reddit). I fear that this move would dramatically hurt startups, who need all the flexibility they can get. Moreover, this move could dramatically kill any form of cohesiveness in startups. Lastly, this move would de-emphasize the i…

...this move would de-emphasize the importance the skill of negotiation, which would be a detriment to the company.

And it would benefit the employees of the company, who are disadvantaged because they only negotiate salary every now and then vs the hiring manager who does it all of the time, and who also has insider information on what the company is willing to pay and what everyone else in the same position is earning.

For an employee, knowing that your company, and probably your manager, reduced your income simply because they could is not very good for morale and loyalty to the company.

...some arbitrarily made rubric...years worked, which is a terrible standard

Totally agree with you there. Structured pay tables have to be based on more meaningful metrics than seniority and job title. I got glass-ceiling by that for a long time because I didn't want to switch from development to management, and my company (CTO and his toadies) didn't want to let me join the Architects group.

...engineers and business development people devalue each others work...Each side can find a justification on why they are being under-compensated while the other over-compensated.

That's true, but the business development people tend to be more highly compensated, work fewer hours and more regular schedules, and have much more political power within the organization. It'd be better if there were objective metrics for measuring everyone's value that both sides could understand, so they don't devalue each other. Everyone doesn't have to get paid equally in order for everyone to get paid fairly, and if a startup can cultivate a culture where everyone feels they're being treated fairly, they're going to be a great place to work.

Interviews reward people who can handle stress and negotiate.

Also people who are good at "faking it until they make it" and other techniques that work well for interviewing but not so much for doing the job. I don't think taking the salary negotiation out of the interview would reduce the stress level much, or the interviewers ability to judge how the interviewee handles stress.

You're going to want a leader on the engineering team to negotiate with the strategy makers to find an equitable solution.

No, you want a leader on the engineering team and a leader with the strategy makers to collaborate on finding the best solution for the company's needs. There should be no negotiation involved at all. This is mathematical constraint-solving, not deal-making.

Re: Talking About Money

#163

Interesting use of the term Rack Rate in the article -- I had to google it: The published, full price for a room in a hotel that has not been pre-booked [1] [1] http://en.wiktionary.org/wiki/rack_rate

"the official or advertised price of a hotel room, on which a discount is usually negotiable."

Re: Talking About Money

#164

>> Most important takeaway about salary negotiation, by the way: disclosing a previous salary is almost always against your interests because it pegs your new salary to that plus 5% rather than your value to the new firm minus a discount, which is a brutal mistake I had a phone screen with an HR drone once (Cerner Inc. to be exact \waves) part way thru she asked me my current salary. I declined to provide that inform…

I learned my lesson about this once. I accepted an offer at a company who wanted 10 years of my salary history.

10 years.

So I provided it to them, and one of the companies (who was out of business) could not verify my salary (Pay stubs were not enough, they had to talk to someone).

After this they said they may have "adjust the offer accordingly" and it would most certainly be less because the offer was based on my stated salary at the time.

As most of you are probably guessing, I declined their offer and withdrew myself. Ever since then when they ask my current salary, I don't give it to them.

Re: Talking About Money

#165
post #79
post #65

Earlier quoted context omitted.

Not snark... serious question... its not clear to me what sort of services anyone could offer for 30k per week... what sort of thing commands that kind of price tag?

Making $20 million a year SaaS companies into $22 million a year SaaS companies. If you have reasonable expectation that I can actually deliver on that, then you're pretty much willing to say yes to any rate I quote. If you're curious "How does one turn a $20 million a year SaaS company into a $22 million a year SaaS company?", there exist many options depending on the specifics of the company and virtually all of th…

What books can I read to, at the very least, attempt address the questions in your 3rd paragraph, given how unique every business is? Isn't anything you find a book on sales or marketing so abstract that it's 2 or 3 layers of assumptions before you can talk about projections? How does one begin a career in SaaS sales / marketing? What makes for a good "portfolio piece" in that domain?

Re: Talking About Money

#166
for the longest time i was kind of unnerved by how quickly previous employers said yes during negotiation, so I pushed my price up much higher hoping to have a better footing.

so far they've all said yes to what I considered very high.

Re: Talking About Money

#167
Those rates make me go wat. I make $20/hr. :(

But can we apply this to the skills we'll need for starfighters.io? It's very easy to point to money (or even companies) lost by data breaches and say "I can help you prevent this", but the money you save may be whatever they pay for breach insurance or it may be literally everything they own. Case studies and deliverable targets (+millions of dollars from SEO and stuff) are really great when they're positive, but how do you negotiate this when you're selling protection against income loss?

Re: Talking About Money

#168
post #141

Earlier quoted context omitted.

Error-level analysis of the Jpeg. As you say, if it comes out later that could have bad legal consequences - the term is 'detrimental reliance' and the dishonest person could conceivably face fraud charges. Even if not, it could easily become a a career-damaging topic of gossip.

Re: error analysis—it's a "picture of line-art" kind of document, isn't it? Not even a watermark. So: scan it at super high resolution, blow out the contrast, countour-vectorize it to SVG (effectively equivalent to recovering the original PDF), edit that , print the result, and then scan the print. (It just occurred to me that if there was "an app for that" in this case, no parent would ever be able to trust their ch…

Don't even both with all of that.. Just make a reproduction from scratch.

Make it look more or less like the original. As long as nobody sees the original next to the mock-up, who's ever going to notice that one or two digits changed?

Re: Talking About Money

#169

>> Most important takeaway about salary negotiation, by the way: disclosing a previous salary is almost always against your interests because it pegs your new salary to that plus 5% rather than your value to the new firm minus a discount, which is a brutal mistake I had a phone screen with an HR drone once (Cerner Inc. to be exact \waves) part way thru she asked me my current salary. I declined to provide that inform…

"What is your current salary?"

I would think that at this point they _are_ interested in bringing you on. Then you could go in different directions:

"I'll be glad to discuss my salary requirements at the appropriate time, would you please tell me first how badly do you need me? more about ... say work-life balance, employee rotation, non-monetary perks, whatever...

"Let me tell you about how much more value I bring to my work, many times over salary, which I am ready to do for you, because your great company really prizes the beneficial effect I'll bring to the bottom line."

So you're answering, things they want to hear, not exactly what they asked, but better, for you and for them.

I should listen to myself now. (Edited formatting, structure)

Re: Talking About Money

#170
post #161

Earlier quoted context omitted.

Yes, one might think so, but this was the CEO in question[1]. Edit, and so far as bluffing, could an employer legally ask for W2's to verify? [1] http://www.nytimes.com/2001/04/05/business/stinging-office-m...

In the original post Patrick already touched on the Japan case, but one thing I'd add is that one of the pieces of paperwork you must hand to your new employer is your final tax slip from your previous employer showing how much tax you have paid in the current year. From there it's trivial to calculate your previous salary. There are ways around it but it seems most people go with "my base was XX.... and that's one o…

> your final tax slip from your previous employer showing how much tax you have paid in the current year.

Do you mean in Japan or the US? Because you certainly don't have to do that in the US.

> From there it's trivial to calculate your previous salary.

And even if you did do it in the US it would be impossible to calculate your salary from it because it depends on how many exemptions you claimed in your W4 (which you can change at any time - it doesn't have to be how many children you have, it's basically a number to fine tune how much tax you pay so you don't overpay and need a refund).

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