41–50 of 77 posts
"What will it take for you to switch jobs?"
No problem with telling them your current salary- their goal is to offer you something better, and you can straight up say I'd need 30% more to switch. Remember, they get paid a % of your salary to get you!
Too bad this article makes the flawed assumption that getting a higher salary is just better. I recommend reading Kahneman... here: http://www.pnas.org/content/107/38/16489.full.pdf
Ignoring the recruiter problem for a second, should I ever feel obligated to disclose salary information? I have had potential employers straight up ask me what my current salary is, should I just tell them I'm not going to answer that question?
You're generally not even allowed to discuss your salary with your colleagues after (if) you're hired by one of those potential employers. If it's confidential after that, it should be confidential before, too.
Discussing your salary is always, ALWAYS legal.
ALWAYS.
It's also moral and ethical. It's the cornerstone of collective action. It is information that can NEVER hurt either you or your coworker, because someone is going to have to justify a salary in one direction or another as a result. Never, ever hesitate to share your salary information with anyone who wants to know.
Ashamed that it's too high? Work to get your coworkers raises. Ashamed that it's too low? Time to open negotiations, either with your current employer or another one.
Earlier quoted context omitted.
You're generally not even allowed to discuss your salary with your colleagues after (if) you're hired by one of those potential employers. If it's confidential after that, it should be confidential before, too.
In the US, if your employer tells you that you are not allowed to discuss your salary with your colleagues, they are breaking federal law.
When you know you're above market, it's not unreasonable to disclose, knowing they'll go to your old employer and verify you are the "real" deal. There's little that's a more powerful statement of your value to your prior employer as the salary you'd previously negotiated.
Are you suggesting the previous employer is allowed to divulge that kind of information?
Recruiters are often paid x% of one year's base salary. In this case, your interests are aligned with the interest of the recruiter. In my experience, recruiters are 'box checkers'. They have little to no knowledge of your skill set or the skills required for the job outside of buzz words that can be printed on a resume. The reason recruiters ask for your salary is not to engage in price fixing but to ensure that the…
Not entirely. It may be in your best interest to walk away from a position that is not offering as much as you want. On the other hand, the recruiter gets 0 if you walk away or are passed over because someone else asked for less. So it is in the recruiters best interests to get you placed somewhere, even if somewhere is a little lower yearly salary because they undercut competition.
> The reason recruiters ask for your salary is not to engage in price fixing but to ensure that they pursue a placement where 1) the candidate is getting a pay bump and 2) the candidate is priced competitively.
No, it's so you don't look like your biting off more than you can chew, which looks bad on them. If you move from somewhere with a low pay rate to somewhere higher and you try to get that big pay bump, they're going to tell you that you can't because you don't look like you're worth it based on your previous low pay.
Most candidates who say nothing are either underpaid or overpaid and are trying to dance around that, instead of simply reframing the conversation to be about your market value.
Recruiters are often paid x% of one year's base salary. In this case, your interests are aligned with the interest of the recruiter. In my experience, recruiters are 'box checkers'. They have little to no knowledge of your skill set or the skills required for the job outside of buzz words that can be printed on a resume. The reason recruiters ask for your salary is not to engage in price fixing but to ensure that the…
Say that a recruiter gets a 10% of your salary, and you get an offer for $90.000, so they get $9.000 for their work.
Your value could be higher, let's say $120.000, so the recruiter can make $3.000 more. But the situation from the recruiter POV is: a) Make $9.000 now and work on another hire b) Waste time negotiating and possibly lose the $9.000 just to make $3.000 more
I will go with a), make $9.000 and move on.