This is in line with what one of my previous bosses taught me about negotiations: negotiation is about truly understanding the interests of the other side. In this case even those they are not aware of. He also used to put crap clauses into contract drafts (if he knew they'd be passed through lawyers), so that the lawyers can demonstrate being useful without messing with the actual matter of the contract. A true exam…
Salary Negotiations: What is Possible When There's no More Money
81–84 of 84 posts
Re: Salary Negotiations: What is Possible When There's no More Money
#82Earlier quoted context omitted.
Companies shouldn't reward loyalty, especially when that means punishing performance. Loyalty is only meaningful in the sense that your company-specific knowledge makes you more valuable to the company. All other things being equal, a 25-year-old who just joined the company and automated 5 people's worth of work is worth several multiples of the 35-year-old analyst who'd been at the company for 10 years and was doing…
Loyalty is only meaningful in the sense that your company-specific knowledge makes you more valuable to the company. I couldn't disagree more. Loyalty is its own benefit that's worth compensating people for. I value people who come into a group and do more than just contribute a bunch of code. I value people who contribute to the culture and the framework of the ongoing enterprise. Furthermore, I want newcomers to se…
Re: Salary Negotiations: What is Possible When There's no More Money
#83This is in line with what one of my previous bosses taught me about negotiations: negotiation is about truly understanding the interests of the other side. In this case even those they are not aware of. He also used to put crap clauses into contract drafts (if he knew they'd be passed through lawyers), so that the lawyers can demonstrate being useful without messing with the actual matter of the contract. A true exam…
Re: Salary Negotiations: What is Possible When There's no More Money
#84Earlier quoted context omitted.
That's true only if you value money and nothing else. I know plenty of people who work at below-market wages for nonprofits because they support the mission. This fellow had some of that, but he also valued surfing time more than extra cash. People also value recognition, good colleagues, solid benefits, low stress, and a bunch of other things. Just because people value different things than you doesn't make them wro…
Those claims are fallacious. It has nothing to do with the supposed greed that you absurdly assign to the engineer. It has to do with critical evaluation of the company's financial condition. A company that can not pay market rate because they don't have enough money can't afford to be in business and will not continue to do so for much longer. There are lots of jobs out there, just like there are plenty of potential…
Looks like they are still going. Just like every shoestring nonprofit I know.
And the reason is exactly that people get paid in things other than money. They could also have run the radio station with market-rate salaries. They would have had a drastically smaller staff. But because they wisely recognized that money isn't the only thing that matters, they looked for people who could take substantially lower salaries but valued other things they could offer.