>>The business is modestly successful. I have a particular number in mind for it, which I’d be crazy to quote publicly prior to selling it, for the same reason that you’d be crazy to quote your desired salary in a salary negotiation. If a buyer pitches me on 2X my desired number I will, naturally, say “That’s an interesting number. If you were offer insert 2.2X here I think we’d have a deal.” No buyer will pitch 2X i…
Talking About Money
261–270 of 412 posts
Re: Talking About Money
#262Earlier quoted context omitted.
I had a similar experience with a recruiter. I asked why and she couldn't come up with a compelling answer, she just said "That's just how it is, we need your salary." She escalated it to her manager and he pulled the same. I eventually complied but not without telling them I didn't ever receive a good reason and it makes zero sense and I couldn't see how it would do anything but hurt me. Funny enough I ended up gett…
Recruiting expert here! First off, a company "walking" without your salary information is a failure on their part, and their loss! However, to answer your question - I find the salary question to be a great indicator on many levels, here a few: It's just one data point in determining whether you're a qualified candidate 1) Why would I waste the candidate or the client/employer's time if there's too large a gap betwee…
Speaking of red flags: organizations that think people who have basic negotiation skill are too much trouble to work with.
Re: Talking About Money
#263Earlier quoted context omitted.
huh? what distinction? who says you have to tell them the truth? obviously if you make 40k you're not going to be competent enough to jump to 200k, but if you were making 150k and ask for 200k, just tell them you were making 190 before. who cares? when it comes to this kind of topic on HN, sometimes i feel like i'm taking crazy pills.
Yeah, just lie, who cares? ... If you want $200k but are making $150, just say you are looking for a salary around $200k. If they ask again how much you make presently, you can say "I negotiated my present salary years ago, it's not relevant to the value I provide now, I'm sure you understand". I'm not going to be pushed into lying and making things up out of expediency. YMMV.
i have not, and i would never in a million years ask someone what they currently make. why would i ever do that? what's the point? you might as well ask them about the size of their genitalia.
the range of bullshit answers you will receive, even from the lowest level of positions, just means you're only fooling yourself if you ask these kinds of questions. just ask for what they want. lying about that won't benefit them, it will only benefit me.
Re: Talking About Money
#264Earlier quoted context omitted.
LOL, of course it works. why wouldn't it? someone asks you a question, you give them an answer. to me all of this buffoonery around hiding your salary requirements sounds ridiculous. i'm a startup co-founder, i hire all the time. if i asked someone what their salary requirements are and they said 200k or 300k i'd immediately interview them to see if they're worth that much. i would take it as a personal challenge to…
They may not be getting paid that much because they can answer your "stumpers." You might be better served by using the interview to find out why they add so much value instead of trying to prove that you're superior in some way.
here's another one: "how will you pay for yourself in 6 months?"
i'm no longer technically competent enough to stump an extremely talented engineer on a technical question. not really sure where you get the 'superiority' language, since i would be out of business if i didn't hire employees who were 'superior' to me.
again - sometimes i feel like i'm taking crazy pills around here.
Re: Talking About Money
#265Re: Talking About Money
#266Earlier quoted context omitted.
Sorry but I disagree. Nobody has ever asked me how much I currently make or I made at my last position. It is just not relevant. You make an offer. I might or might not take it. Asking me to reveal my current salary first is silly. If you insist on this information before the conversation can continue, then conversation is over.
I was addressing the bluff question. Further down in the comments, I address your point - note: I mostly agree with you.
Re: Talking About Money
#267Earlier 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…
Re: Talking About Money
#268Talking about your salary as an employee will eventually take away your negotiating power. If everyone knew everyone's salary, salary would be minimized to the lowest possible market rate, so nobody gets upset.
Re: Talking About Money
#269>> 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…
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…
I've talked to a number of folks with inside knowledge for a couple different regions and it's quite possible that they're simply not budgeted to pay for that role and they just can't politically negotiate that while meeting certain fiscal commitments. If I started a company right now and bootstrapped, I can't pay someone market rate at all and expect to be in business a year without taking outside funding, so that's just reality.