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High Salaries Haunt Some Job Hunters

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101–110 of 236 posts

Re: High Salaries Haunt Some Job Hunters

#101
post #75

Earlier quoted context omitted.

The salary number that would convince joezydeco to "jump ship".

jump ship to the new opportunity (meaning a high number), or jump ship on the conversation (meaning his bare minimum number)?

I can see how that's ambiguous, and this is just an assumption, but I assumed he meant "jump ship to a new opportunity" because starting off with the lowest number you'd accept seems like a bad negotiation strategy :)

Re: High Salaries Haunt Some Job Hunters

#102

"Time and again, he says, employers seem to lose interest after he answers a question that they ask early on: 'What was your last salary?'" I never answer that question. Almost always it's been recruiters asking that (and only some recruiters, the less reputable ones). This is a seller's market for IT talent. You don't have to give in to bullying tactics to get a good job. I've had to walk away exactly once when a re…

My mentality going in is "please give me a reason to walk away". The few that don't are always surprising offers and get me excited. I go in determined to find a reason to walk away.

Re: High Salaries Haunt Some Job Hunters

#103
post #23

> After more than 20 years as an electronics engineer, Pete Edwards reached the low six-figure pay level. Where is it that late-career engineers are barely pulling in six figures? Don't get me wrong, it's a lot of money (3x mean personal income in the US, and ~1.75x mean HHI, give or take), but I'd expect most senior folks in any engineering field to be in the mid 100k range if not pushing 185ish. > Time and again, h…

"Six-figure salary" encompasses everything from $100k to $999,999 (okay, that's a bit pedantic perhaps but you get what I mean). $185k is still low six-figures.

Re: High Salaries Haunt Some Job Hunters

#104
post #23

> After more than 20 years as an electronics engineer, Pete Edwards reached the low six-figure pay level. Where is it that late-career engineers are barely pulling in six figures? Don't get me wrong, it's a lot of money (3x mean personal income in the US, and ~1.75x mean HHI, give or take), but I'd expect most senior folks in any engineering field to be in the mid 100k range if not pushing 185ish. > Time and again, h…

Europe, you will only be on 5 figures in most countries.

Re: High Salaries Haunt Some Job Hunters

#105

I have been thinking about this phenomenon for awhile and how to hedge against it. My feeling is that employees are getting more and more exposed to broader economic trends, and not just the low-wage workers. It's one thing to be at the low end of the totem pole, where anonymity and insecurity force you to hedge against the possibility of suddenly losing your job. But once you clear all that and find a bit of profess…

That's rather depressing to hear. I think it is a question of how you rate yourself (objectively). If you're good, you can go on to found the biggest hedge fund of all time (Bridgewater). If not, then yea, I think yours is the way to go.

Re: High Salaries Haunt Some Job Hunters

#106

Earlier quoted context omitted.

As someone who's regularly on the other side of the hiring (i.e. negotiating with candidates), I often prefer to have some insight into a candidate's rough salary requirements early in the process -- especially if it's someone that might demand more than I could offer. The hiring process is a huge time commitment for both me and the candidate -- I don't want all that time to be wasted if we could identify early on th…

So just tell the candidate what the salary range for the position is. If that number's a dealbreaker for them, they'll let you know. Why does it always have to be the candidate who shows their cards first? Personally, for me there are no salary-based dealbreakers. There's always room for negotiation, after both sides determine there's a good fit.

Consider that recruiters also have to justify their own existence. From a business perspective, their position is a sunk cost. If they can't signal to their employer that their work is gaining the business something above and beyond just doing their day-to-day job then there's no chance of advancement.

They also dislike candidates that show proficiency in business for a few reasons.

First, the candidate is more likely to move on for a better opportunity.

Second, people with a business background like to 'shake things up' and head in new directions looking to maximize the potential of a company. Considering that HR's other primary responsibility is protecting the business from legal action, it's in their best interest to choose candidates who will stay on the straight and narrow and not shake things up.

Third, business types ignore the 'gatekeepers' and take action on their own. They may make a groundbreaking decision that takes the business in a new and more profitable direction. Unfortunately for HR, it's hard to ride on the back of an accomplishment that they weren't aware of to begin with. Worse yet, that same type of personality may have the potential to climb up the chain to a level where they're the boss of the HR person one day.

They aggressively select for 'code monkeys' because code monkeys do what their told, don't have enough soft skills to be a threat, suck at negotiation, and are too busy nerding out to look for something better.

Re: High Salaries Haunt Some Job Hunters

#107

Interesting discussion here about whether candidates and companies should reveal their range up front. Personally I would not quit freelancing except for something really exceptional, so I lean toward talking numbers immediately. That saves my time, but I feel like it's actually pretty unreasonable. In the freelancing world, we suffer from a "market for lemons" situation where the bad freelancers hurt everyone's rate…

I think it's more about company margins/culture than it is about them not dismissing you.

Some companies are willing to pay top dollar, others are more interested in getting someone in their range, so name your price and move on if they blink.

Re: High Salaries Haunt Some Job Hunters

#108

Earlier quoted context omitted.

I've found this to be an excellent way to waste a bunch of time by getting far along in the process, only to find out near the end that the company won't make an offer that's anywhere near my requirements. While I don't like being the first to name a number, I also haven't found putting the discussion off until the end of the process to be beneficial. I've been on the hiring side as a manager in a number of companies…

> I've been on the hiring side as a manager in a number of companies, and I've NEVER seen a situation where a candidate was so uniquely awesome that the company was willing to make an offer drastically larger than their normal range for that role. A bit more? Sure. Some more stock or something? Often. But not, say, 50% more salary than anyone else at that level is getting. Fyi, at $DayJob we have one guy at my level…

From my experience at small medium startups, some dev gets higher pay because he/she is attractive and socially well adjusted and not nerdy. Not necessarily better coder.

Re: High Salaries Haunt Some Job Hunters

#109

"Time and again, he says, employers seem to lose interest after he answers a question that they ask early on: 'What was your last salary?'" I never answer that question. Almost always it's been recruiters asking that (and only some recruiters, the less reputable ones). This is a seller's market for IT talent. You don't have to give in to bullying tactics to get a good job. I've had to walk away exactly once when a re…

I own my recruiting agency, and I don't care what your last salary was. I do care about what you are looking for so I don't waste your time, my time, or the client's time. I also realize that any target range you give me before even meeting the client may increase or even decrease after you learn all about the company, team, benefits, etc.

All that said, a candidate that knows their market value should never have to fear talking about salary history or expectations. If you know your market rate, and you stick to that as your expectation, you never have to worry about being underpaid. Market rate can be hard to define sometimes, and there are clearly companies that are willing to pay above market rate in certain scenarios, but candidates who do their research (or trust the knowledge of others) never have to worry about talking compensation.

Re: High Salaries Haunt Some Job Hunters

#110
post #96

Earlier quoted context omitted.

As someone who's regularly on the other side of the hiring (i.e. negotiating with candidates), I often prefer to have some insight into a candidate's rough salary requirements early in the process -- especially if it's someone that might demand more than I could offer. The hiring process is a huge time commitment for both me and the candidate -- I don't want all that time to be wasted if we could identify early on th…

So I presume you are sharing your salary range early, then?

Sure, if the candidate asks, I'll give a range. Of course, it's still a negotiation so my range may be a bit lower than I could actually go but I expect the same of whatever numbers candidates offer up. If I say 120k is my top and he needs 175k, there's no reason to move forward. If the numbers aren't that far apart we can go forward and see what happens.
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