Live data from Hacker News

How Not to Bomb Your Offer Negotiation

haseebq.com

61–70 of 132 posts

Re: How Not to Bomb Your Offer Negotiation

#61

Earlier quoted context omitted.

I have had success with asking for modest increases. I think it helps to have a good reason, like them not doing any 401k matching.

Is the median salary for the position a valid reason for an increase? For example 93000 is the median for software engineers in US according to the government.

Depends on location the Valley or NYC has high housing costs

Re: How Not to Bomb Your Offer Negotiation

#62

Earlier quoted context omitted.

> If you have ever done a software engineering interview, you would know that this is completely absurd. There is no way to negotiate or charm someone into passing a software engineering interview. I'm sure the author is sufficiently qualified to pass such an interview (or 8), but I find this statement pretty bizarre. "Charm" might not be the right word, but under-qualified candidates pass software engineering interv…

This is a particularly interesting anecdote about someone faking his way into Google, and then later starting a company almost as famous. https://www.wired.com/2013/04/fakeit/

Ugh. This is a good example of how self-promoters operate. Biz Stone makes it sound like it's "him & Ev". But since this came out there have been more revelations about the early days of Twitter. Biz Stone lobbied Ev to get his title inflated to co-founder but the equity stake tells all: 3% (versus Jack Dorsey's 20% and Ev's 70%). "Stone's co-founder title didn't get him a ton of equity, but it did afford him the ability to say he was co-founder of Twitter. That became priceless later on..."[1]

[1] http://www.businessinsider.com/how-biz-stone-became-a-twitte...

Re: How Not to Bomb Your Offer Negotiation

#63
post #36

It might be important to keep in mind that there is a large difference between negotiating to buy a car and negotiating to work some place. A lot of the stuff you read seems to be geared toward "buying a car" -- used top 10 tricks, outsmart somehow the dealer, maybe act like an asshole a bit, and you're leaving and never seeing them again. I don't see it always working too well in job negotiations. Approaching it tha…

Most companies employing programmers do not want employees to know each other salary. This means that if you are an individual contributor applying to such a company then your manager is not going to know your salary at all. The salary is going to be negotiated with somebody higher up, whose reports are other managers and not ICs. I would not worry about this.

Re: How Not to Bomb Your Offer Negotiation

#64

Earlier quoted context omitted.

This is a particularly interesting anecdote about someone faking his way into Google, and then later starting a company almost as famous. https://www.wired.com/2013/04/fakeit/

Imposture syndrome is very much the other side of the same coin, unfortunately.

Can't tell if typo or coincidentally-interesting new phrase. :p

Re: How Not to Bomb Your Offer Negotiation

#65
post #36

It might be important to keep in mind that there is a large difference between negotiating to buy a car and negotiating to work some place. A lot of the stuff you read seems to be geared toward "buying a car" -- used top 10 tricks, outsmart somehow the dealer, maybe act like an asshole a bit, and you're leaving and never seeing them again. I don't see it always working too well in job negotiations. Approaching it tha…

I have observed differently: Salary negotiations seem to happen in a different reality than the rest of a company's operation.

Businesses will "underpay" if possible, but also readily "overpay" if the person brings in certain skills and if makes sense from a business perspective in that very moment.

I have not noticed underpaid people getting more respect or better opportunities than the others.

Re: How Not to Bomb Your Offer Negotiation

#66

Earlier quoted context omitted.

O.o These numbers are surprisingly high, to the point of almost being unbelievable. And I go around telling my friends that software engineers can make 120k right out of college, and I'M getting laughed at by my friends at how apparently unbelievable ridiculously high this is. I've got 3 years experience and I'm making not much more than that working at a midsized startup (I went to a top tech school and everything!)…

> O.o These numbers are surprisingly high, to the point of almost being unbelievable. Bingo! He's joking.

Sorry, but this is real. It's very normal for a new grad googler to make $185k total comp in first year.

Offers i had got, Uber, Airbnb, Snapchat, Google, Robinhood, Netflix, Salesforce, Affirm, An investment bank in NYC, Two stealth startup in SF.

In Facebook, it's very common for one high perfoming engineer getting discretionary equity of 1M+ if you do re-defines or create a meaningful impact.

I'm sorry i'm not going for any startup soon as it's hard for employees to make money now. People join startups thinking they are going to do 10X. But investors give equity to startup engineers at 4X inflated valuation. So outcome is probably 2.5x with very high risk.

You do exceptional performance at google/facebook/uber and get noticed by your director and he throws 1M worth RSUS on you in next review cycle. Do it twice and there goes `rest and vest`.

The worst part is if you think this is the best offer for the years of experience, then you're totally mistaken :D

Re: How Not to Bomb Your Offer Negotiation

#67
post #48

Earlier quoted context omitted.

Really sad to know he didn't get a good offer in Airbnb and you both think it's a good offer. But this looks totally like a new grad offer. I have my friends who just got offers in Airbnb who are getting paid 180k in salary and ~600K in stocks which is basically $330k/year. My other friend who is senior engineer with 5 year experience is compensated around 500k/year. I have similar experience and i recently did a job…

> My other friend who is senior engineer with 5 year experience is compensated around 500k/year. > If you're really good, you can easily negotiate up to 400k/year real money(cash + stocks). It's funny how early stage startups talk of hiring "the best" and most can't even come close to affording that level of compensation.

Early stage startups are making a joke out of engineers by pitching the bro-culture and talking about freedom and 10X- 100X.

And yeah, with a big hype from VCs and investors tweeting about startupX, Y, Z, engineers get fooled and join a startup and work for 4 years and later figure out it was a bad idea.

It's a very bad idea to join a startup for money unless you know the founders really well who have a track record of selling themselves to Google/Facebook/Oracle/MSFT.

Re: How Not to Bomb Your Offer Negotiation

#68

Earlier quoted context omitted.

Really sad to know he didn't get a good offer in Airbnb and you both think it's a good offer. But this looks totally like a new grad offer. I have my friends who just got offers in Airbnb who are getting paid 180k in salary and ~600K in stocks which is basically $330k/year. My other friend who is senior engineer with 5 year experience is compensated around 500k/year. I have similar experience and i recently did a job…

O.o These numbers are surprisingly high, to the point of almost being unbelievable. And I go around telling my friends that software engineers can make 120k right out of college, and I'M getting laughed at by my friends at how apparently unbelievable ridiculously high this is. I've got 3 years experience and I'm making not much more than that working at a midsized startup (I went to a top tech school and everything!)…

> And then I go on Hacker News and learn that the fair salary for people working at big companies, with around my experience is 330k!?! Man what am I doing wrong.

Why not go interview at a big company, then?

Re: How Not to Bomb Your Offer Negotiation

#69

As a side note I've found that negotiation room in EU is so tiny if not negligible. Maybe it is just me but I suspect it's a mix between a different culture and a - generally - more unionized and segmented job market. Wondering if you guys have experienced the same.

I'm sure you can negociate if you have offers from Google, Facebook and Palantir in London. Negociating only works in hot markets, and there are very few of them for tech in the EU.

Re: How Not to Bomb Your Offer Negotiation

#70
Best is in my opinion to really practice salary negotiation with a friend. The most important aspects are:

1) Talk about salary at the very end of the interview process (by then the company should know your value).

2) Let the recruiter / manager say a number first.

3) If you get the offer, no matter how you feel, act satisfied, but not too satisfied.

4) Try to negotiate up reasonably.

I talk more about this in my talk at Europython on tech-recruiting and salary negotiation: https://www.youtube.com/watch?v=u6PTaTDHUG4&feature=youtu.be...

Disclaimer: I am a recruiter. If you're looking for a tech job in Zurich, I probably can help you out - you find my contact details in my HN handle.

Post reply on HN