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Do Not Disclose Your Salary to Recruiters
61–70 of 77 posts
Re: Do Not Disclose Your Salary to Recruiters
#62This is useful advice. I'm in Canada and thinking (and trying!) about moving to states in very near future. honestly it's been challenging dealing with this. Here are few conversations (from what I remember): Amazon Recruiter: So how much are you making right now? Me: I'm in Canada and I'm interviewing for a position in NYC, how's that relevant. In my Province, we've a central database with salary stats. If you've so…
The recruiter I went through this time around when I got hired didn't ask me about my previous salary at all. Instead he asked what I was looking for, and ended up giving me a higher number (hourly rate) than what I had asked for.
Re: Do Not Disclose Your Salary to Recruiters
#63Too 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
This paper is such bullshit unless you adjust for regional COL. 75K a year is less than half the median income in my zip code.
Re: Do Not Disclose Your Salary to Recruiters
#64Recruiters 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…
> Recruiters are often paid x% of one year's base salary. In this case, your interests are aligned with the interest of the recruiter. 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 pl…
My recruiter for my current position didn't ask me about my previous salary information and instead asked me what I wanted to make.
I ended up getting a 1.75x pay bump. I know what I am worth, and I was getting underpaid at my previous job (but at the time when I got that job, the market wasn't as hot).
Re: Do Not Disclose Your Salary to Recruiters
#65Recruiters 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…
Recruiter's priority is to get you to sign a contract so he can take his cut. This may not align with your best interests as he can make you a lower offer than you aim for, if you reveal your past salary information.
The problem here isn't that you disclosed your current salary, it's that your 'must have' salary is too low. Tell your recruiter "I need $x minimum", and they will get you $x or not work with you.
Re: Do Not Disclose Your Salary to Recruiters
#66Recruiters 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…
> Recruiters are often paid x% of one year's base salary. In this case, your interests are aligned with the interest of the recruiter. This is often true, but not exactly true. Freakanomics has a study on something similar, real estate agents. See https://www.youtube.com/watch?v=17jO_w6f8Ck The difference between you making 130k and 150k may only be 2k difference for the recruiter, which in the interest of getting th…
I think the better counter argument is that many recruiters work on retainer, which lowers the marginal incentive for a hire.
Re: Do Not Disclose Your Salary to Recruiters
#67Recruiters 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…
Independent recruiters. Not FTEs. This is a huge and crucial distinction.
Agreed, in-house is entirely different.
Re: Do Not Disclose Your Salary to Recruiters
#68This is a tough one, because you don't want to waste your time on jobs that wont pay you what you're worth, so stating that you make X and need X + .2X is a good way of weeding out the crap. The author does sort of advise this with the notion of giving a salary requirement, but I've had friends who've used this term and companies have ignored it, thinking they are bluffing. Also, I do see how you could short change yourself if their actual budget was higher when you state your salary or salary requirement. I've found the best thing to do is to apply to multiple places and see what kind of offers you get (and then to pit those offers against each other).
Re: Do Not Disclose Your Salary to Recruiters
#69Recruiters 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…
The problem with positions that pay a commission of sale price or new job offer is that they are great at convincing you that everyone is on your side when they likely are not.
For example lets assume a recruiter can only find job offers for 1 candidate at a time, and it takes on average:
- 1 week of work to find a 10% better offer
- 2 week of work to find a 40%+ better offer
It would seem like that 40% better offer is definitely worth the work, but for the recruiter it may not be.
If engineers makes say $150k, and the recruiter gets 10% of their new salary, they would make $16.5k from 1 week of work, or $21k from 2 weeks of work. If they can turn 1 candidate per week at $16.5k they will end up making more than if they spent 2 weeks per candidate, so they have little to no incentive to actually get you a better offer if it takes more work.
Not to mention recruiters are more likely to work with companies multiple times per year and an individual maybe once per year, so it is likely in their best interest to help each company get the best price on a candidate rather than help the candidate get the best offer possible.
Re: Do Not Disclose Your Salary to Recruiters
#70Recruiters 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…
Actually not. 50-50 chances of getting 10% of $70,000 is 50% chance of getting $7,000 20-80 chances of $80,000 is 20% chance of getting $8,000 it's actually in the recruiter's interest to force you into accepting a low offer right away rather than possibly getting another offer by your current employer or another offer through an acquaintance
But of that lower number makes you walk, then the deal is off. Having a minimum salary is far more effective in negotiation than any disclosure of pay.