Rule number 1, IMO, never discuss salary. I find listing your salary requirements before starting a process weeds out a lot of silly interviews. If you know your worth and have a goal for your salary, it is the most effective way I know to avoid dumb offers.
My favorite was something that happened 2+ years ago. I had closed down my business, and was speaking with folks, including a well funded startup in Milpitas area. I was in the area for a different interview, and spent the evening before that interview with this startup.
I knew the CEO from a previous effort. After much discussion, I thought they had something interesting, though I was hard pressed to find real differentiators. I thought I could help, and the senior leadership of the company did as well. We talked over a number of projects.
Started negotiations, I was asked about what it would take to get me over. I gave them realistic sets of numbers and conditions.
CEO's response to me was priceless.
"But that's more than I make."
Um ... yeah. And this matters ... how?
I know, startups push the equity side hard, as they tend to be cash poor and stock rich.
He then suggested a number that was under half of my minimum acceptable (covering costs, maintaining something that looks like a quality of life). And not so much equity.
Yeah. Didn't go there. CEO was out within a few months.
My company has no investors. The first years were a bit hard revenue wise.
The first engineers were paid a lot more than myself and the other cofounders until we got proper traction.
Never had any issue with that.
They promise that amount up front, and then renege? That's not even deceitful, that's just intentionally wasting your time. I would send them an invoice for the time spent on the interview.
I've been promised a job by the CEO after all the interviews and he reneged a few days later. Companies lie all the time like that. At least I got a nice trip to SF out of it, but I expect this to happen. I always set salary expectations beforehand but I'm not surprised if they are not met.
If they replied that they could match the asking price but after all the song and dance they actually low-ball with an offer of 60% what the candidate was already earning, which is nearly half of what they initially mentioned, then that's pretty close to fraud.
Oh yeah people love that. They're usually so thankful to have been taught a lesson about this technicality that they not only don't mind having been told the wrong thing, they instantly become loyal to that person for life. Immense profit follows.
The legal side is almost irrelevant. The situation is that they're trying to initiate what should be a mutually-beneficial, longish-term working relationship. Leading into it with this kind of letdown isn't a good start.
The hiring company just counters they "can give X" for an imminently qualified candidate but after the interview process they feel the candidate has too little experience or aptitude and is being offered a job in spite of their shortcomings and should be so happy with the offer.
Sorry, didn’t get that when I read your previous post.
If that is the case: screw those guys. If you can’t trust a company with _writing an employment contract_, how can you trust any future interaction.
If your skills are in demand, move on. Not worth your time and being able to walk away is the single most valuable card one can play during a negotiation.
Recruiters make money as a percentage of your hiring salary, why on earth would they try to place you somewhere that you are making less? They should be shopping you to whoever will give the most money.
Actually, most recruiters I've run into tend to try to force a candidate to accept a "reasonable" offer rather than holding out for the best offer. They only get paid if a deal closes; while it may be in your best interest to hold out for another $10K, that will likely cost them a commission (and be opposed)
100% correct, recruiters want to close the deal, not let it slip away over salary negotiations. And they want to get hired again (they get paid by the company, not the recruit) so saving that company 10, 15k is definitely in the best interest of the recruiter.
The incentives don’t always work out that way. There comes a point of diminishing returns for the recruiter; trying to get an extra $20k a year for you, might take time away from them closing two or three other candidates. Also, a recruiter does not get any real benefit out of negotiations that involve things other then salary. Extra vacation, bonuses, guaranteed severance packages, etc.
Key take a way from this: never let your recruiter negotiate on your behalf. Once you are at the stage, tell your recruiter to F off and get the best deal you can for yourself.
This approach has come up a number of times in the comment that it makes me think that many candidates are bluffing and so this might well be a rational (if very sleazy) approach.
To add to the 'sucker' anecdote, when I was young and stupid (at least I am not young anymore), I was contacted by a NYC recruiter looking to hire for Bloomberg. Here was his tack to extract salary information: "being a financial company, it is required for us to know what you currently make." On this aspect, I think I know better now, hopefully.
I recently explicitly gave my salary requirements up front, went through an arduous process and got an offer of about 2/3 of what we had BOTH agreed upon in the first informational interview.
This from a very profitable mid-large sized established tech company in the US.
I agree with the rule and wish it was easier to put into practice. What I've noticed however, is that a lot of recruiters stonewall you if you don't tell them a number, or at least a range. They even say things like "Well I need to put something into this internal web app." It's super frustrating!
> What you should think: “You’re lying to me to attempt to get me to compromise my negotiating position.”
> What you should say: “Give me git access and I’ll fix it in a jiffy! both people laugh No, seriously, speaking, I’m more concerned at the moment with discovering whether we’re a mutual fit… Oh, it’s physically impossible? Put in $1 then to get the ball rolling, and we’ll circle back to this later.”
It's not that straight forward, especially if you charge on the high end. Without them getting to know you and your benefits, a high price up front would just drive them away. If you're shooting for mid market rate, it's obviously different; but if you're selling them on your value, that value needs to be demonstrated before money talks.
