It’s official: I took the new job!
I’m glad to finally have this out of the way so my brain space can be consumed less by anticipating work and instead truly embrace this brief period of funemployment.
Before I accepted my job offer I, of course, negotiated. It helps that I have a lot of very aggressive friends and mentors that have taught me to be relentlessly entitled. You won’t get what you don’t ask for and all that jazz.
In my negotiations, I asked for an extra $20k in salary and an extra week of vacation my first year of employment. In return, my future employer gave me a $10k bump in salary, title promotion, and a promise of flexibility when it came to the vacation, though one they wanted to handle off the books (i.e. we’ll see if they live up to those promises). My new salary is still a pay cut relative to what I’d been making before but is in line with industry standards for the size of the company. The vacation policy is pretty iffy, but I’ll live.
While I’m a little disheartened that I didn’t get quite the salary bump or vacation commitments I wanted, the title promotion by itself is a big plus in my book. One of the things I have been worried about as part of this career change has been moving far back in terms of seniority. My thought is, even if this job doesn’t work out for the long haul, having that “Senior” by my job title will help add legitimacy to my experience and make it easier for me to apply for bigger roles or justify to big companies to bring me on board down the line.
In negotiating my job offer, I did three things:
One, I established a high anchor for compensation early. A lot of folks new to fields try to be wishy washy and force the other party to name a number first. But then, if an employer low balls, you have a much harder time edging them up drastically. With enough data– I use Glassdoor and Paysa for tech roles– you can generally figure out the range which a company is likely to offer and pick a number above it as an anchor point. For me, my anchor point was my previous pay since I was coming from a more highly compensated role and other job offers I had received for that sort of work.
Two, I dug into and negotiated multiple areas of my offer. While compensation was most important to me, through the negotiation process the company was able to “clarify” (i.e. I think they figured this out for the first time) their quite generous maternity leave policy. I also think being flexible on compensation got me a little flexibility in terms of vacation time on their end, which they had started pretty hard-nosed about (for reasons I don’t entirely understand).
Three, and most importantly, I remained consistently open and respectful, even when there was tension between me and the company and when I did not receive exactly what I wanted. In game theory, one’s optimal strategy will differ if they are engaged in a single or repeated game. Salary negotiation is a repeated game. Establishing early that I am willing to assert my worth but also do it in a respectful way will pay dividends down the line, I think, when pushing for raises, promotions, and for being seen as someone who is willing to be “tough” and represent the company as aggressively as I do my own interests. This negotiation may have ended, but the next one is always waiting around the corner.
Have you ever negotiated a job offer? Do you do so by default? What strategies do you use to determine your market value and negotiate?
Yet Another PF Blog 