How Do I Negotiate Salary?

Поделиться
HTML-код
  • Опубликовано: 27 ноя 2024

Комментарии • 148

  • @jimmymcgill6778
    @jimmymcgill6778 2 года назад +128

    You never start with the amount you want. You always start higher.

  • @Mkay999
    @Mkay999 2 года назад +121

    I actually originally said 70K for a job offer, but they’re like wow that’s great that’s lower than we thought, so when it came to negotiations I wrote down a script,
    “I’ll give you a number but I want you to know how I came there
    *gave experience and premium skills
    Given that background, my experience I’m looking for 90K.”
    Yes I did take heat for upping my salary after I initially said a lower number, and older generation people told me to not do what I did, but I got them to 85K. You don’t have any control of salary once you join this is your only shot to get premium!

    • @genxx2724
      @genxx2724 2 года назад +9

      You said all that in the same conversation after asking for $70K?
      I see from Joshua Fluke that, at least in tech, which is not my field, job hopping every couple of years is expected. He says the big increase comes from changing jobs. If you ask for a raise, the company will make you grovel, will delay, give you more duties, and finally give you a tiny raise. He says to just change companies.

    • @jillgott6567
      @jillgott6567 2 года назад +1

      Good for you !

    • @ice-mp5dx
      @ice-mp5dx 2 года назад +2

      We havr to chg jobs to get a raise.

    • @TechyCatz
      @TechyCatz 7 месяцев назад

      I did that once. Never again

  • @Ryan-gx4ce
    @Ryan-gx4ce 2 года назад +122

    I cannot believe anyone would suggest to not ask for more money. You should always ask for more money. Always. They're going to pay you as little as possible regardless of your experience. The worst thing is if you get hired, talk to coworkers who are less productive than you are, and find out that you make less than they do. Solely because they asked for more and you did not

    • @nickcipolla7803
      @nickcipolla7803 2 года назад

      a massive company, yes. but a family business is not going to under cut you in pay.

    • @DivineSadist
      @DivineSadist 7 месяцев назад +1

      ​@@nickcipolla7803 😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂
      You are hilarious!

    • @rogeliotalks
      @rogeliotalks 5 месяцев назад

      i see your point, but benefits and bonuses and culture outweigh salary . they complement the "underpayment" and if this is not always what employees see. some company's have high-paying jobs but burnout their employees and suck the life out of them.

  • @screwdriver_bandit
    @screwdriver_bandit 2 года назад +182

    Taking Dave’s advice on this subject would be like asking a car salesman how much you should pay for a car.

    • @markallison1181
      @markallison1181 2 года назад +24

      He is so out of touch

    • @pindiwal4717
      @pindiwal4717 2 года назад +2

      hahhahahaha...this guy is weird

    • @southwestoff-grid285
      @southwestoff-grid285 Год назад +10

      I totally agree, this is Dave the CEO talking, not Dave of the proletariot

    • @brandonlagrange5307
      @brandonlagrange5307 Год назад +5

      Worse they can say is no. They're making more money off your productivity else they would have never needed the position. They dont create jobs to make losses.

    • @Masterofnon3
      @Masterofnon3 Год назад +7

      From a CEO perspective he is saying how he would be sold. Not bad advice if applied properly

  • @qrcodeguy5669
    @qrcodeguy5669 2 года назад +31

    I negotiated from 45k to 61k. Never accept the first offer. If they really want you they will rethink their first offer. If not it wasn’t meant to be.

    • @aolvaar8792
      @aolvaar8792 2 года назад

      If they offer $95K, DON'T negotiate.

    • @Phoenix-pm2qr
      @Phoenix-pm2qr Год назад +1

      Unless that is in the average range for that job. Crazy to say but 95k could be underpaid for, say, being a doctor

  • @doubleoseven273
    @doubleoseven273 2 года назад +75

    This is a very frustrating and possibly the MOST frustrating part of employment in America. The worst part is once they get you locked in they will only give you marginal COLA increases year over year, the only way to a significant increase is to quit or get a promotion.

    • @doubleoseven273
      @doubleoseven273 2 года назад +12

      Every company I’ve worked for follows this same procedure, they want to lock you in at the lowest possible rate so it doesn’t impact their departments budget as little as possible.

    • @caseyporter499
      @caseyporter499 2 года назад +5

      Or start your own biz or freelance. Some of these free lancers are hitting 300/400k a yr u gotta think outside the box tbh

    • @englishrose4388
      @englishrose4388 2 года назад +3

      If that…

    • @genxx2724
      @genxx2724 2 года назад +1

      Watch Joshua Fluke’s channel. He advocates changing jobs every couple of years.

    • @GnRmike
      @GnRmike 2 года назад +7

      Fact!! Just had to leave my job for that exact reason…got 20% raise to do the same job elsewhere and my company was giving 3% a year raises.

  • @jimroscovius
    @jimroscovius 2 года назад +17

    About 25 years ago, I asked for $52k. They offered $$48k. I came back with $50k. They offered $49.5k, which I took. In a year, I was at $52k, and ended up at $62.5k. Start a little higher than you want, and come down if necessary.

    • @k.d.6114
      @k.d.6114 Год назад +2

      Same exact experience... i vocalized the 52 in the beginning but they werent willing to go beyond 48 however withing 2-3 years i was at 62

  • @englishrose4388
    @englishrose4388 2 года назад +59

    Lisa, if you’re reading this-there’s a fabulous book on negotiating called Never Split the Difference by Chris Voss. I used it to double my pay. Admittedly, I was grossly underpaid, but it wouldn’t have happened without that book.

  • @danpartridge8584
    @danpartridge8584 Год назад +12

    I love how, when negotiating, the hiring manager usually tries out the line: "Well, you do need to take into consideration our competitive benefits package and other opportunities."
    My response is usually, "I understand and I look forward to utilizing those, but fringe benefits don't pay my mortgage."
    Just be ready to walk away. I've walked away from offers as well, but if you just ask, roughly 80% of the time, they will entertain a higher number. Most people won't even ask and then regret it later.

    • @KR-jg7gc
      @KR-jg7gc 8 месяцев назад

      Not so easy to walk away when you're not employed and have a new born to take care of

    • @TechyCatz
      @TechyCatz 7 месяцев назад

      It depends on your situation with fringe benefits. I left a job that had close to 20k in fringe and even though I was making 15k more I still felt that 5k difference

  • @bbtank3000
    @bbtank3000 2 года назад +25

    Businesses should be required to always list the starting salary in the job posting. That way we wouldn’t have to waste our time applying to companies without even knowing what they can afford to pay us.

    • @119jle
      @119jle 2 года назад +5

      Exactly. They don’t post a salary, I don’t respond. They need me, I don’t need them. I’ll take my skills elsewhere

  • @BengalTiger47
    @BengalTiger47 2 года назад +5

    It’s pretty simple. If you’re already employed and looking to make a move only for a bigger payday, you have to be upfront with the recruiter during the initial conversation and tell them exactly how much it would take for you to leave your current role and join their company. If they can meet your requirement for the role you’re pursuing, great, if not, move on to the next.
    Now, if you lost your existing job, that kind of changes the scenario completely as you’re probably looking to land another job ASAP and will take whatever you’re offered (as long as it’s not lower than what you were making).
    Also, Glassdoor is a huge resource for assessing average salaries for positions within any company. They have pretty much every company listed with salary averages for most positions. That’s been my go to when trying to figure out what a specific company pays for a specific role.

  • @Jayyy64
    @Jayyy64 2 года назад +46

    Most bosses don’t even wanna talk about pay. Scares them

    • @stevenporter863
      @stevenporter863 2 года назад +2

      Some companies start people low because they are unknown how they will mix with a particular organization and after probationary period ( typically 90 days ) adjust the salary up as appropriate. Get it in writing if that is the case.

  • @fishingmasterxy
    @fishingmasterxy 2 года назад +6

    Current company gave me a $5k raise this year. just got a job offer for $80k more. negotiation and hopping jobs is so profitable

  • @Jajaky
    @Jajaky 2 года назад +14

    first call i've seen where the caller left on her terms

  • @markallison1181
    @markallison1181 2 года назад +6

    The reality of this is very different. Internal promotes never get properly compensated. External hires always make more. Biggest raises come with job hopping.

  • @daraghmorrissey
    @daraghmorrissey 2 года назад +11

    Actually the most important part of your compensation is your level when you come into a big company. Your level is tied to all kinds of benefits like larger cash bonus, stock awards and more annual leave. You can also negotiate a salary increase or promotion in the future and time box it to 12 to 18 months. I would research their levels and negotiate on that basis

    • @alexstoermer
      @alexstoermer Год назад

      Indeed this is a great point. RSU's and so on.

  • @JPOlmin3000
    @JPOlmin3000 3 месяца назад

    Nowadays there is absolutely a way to find out the salary range for many positions in the market, down to the city you live in and, in this case, even the specific company because it's big. One can then determine if there is a little or a lot of room for improvement. Regarding what Dave said about conditions that should trigger a salary increase, whatever is agreed in that cinversation has to be in writing, otherwise it will not go beyond an intelectual exercise.

  • @karnypharax1917
    @karnypharax1917 Год назад +7

    One of my current jobs offered 26/hr. I negotiated to 31/hr. Six months ago they dropped overnight oncalls onto our lap. Not happy about it at all but it does come with a small pay bump in and of itself. The point im making here is they will take as much from you as they can get. If i didnt get the extra money signing up then I would be seriously underpaid.

  • @15KHPCLUB
    @15KHPCLUB 2 года назад +16

    CEOs give themselves millions in raises every year and do not feel the need to justify it
    Why should anyone else?
    Glad I'm self-employed, sole proprietor now so I don't have to deal with this nonsense

    • @Technie87
      @Technie87 4 месяца назад

      What do you do?

    • @15KHPCLUB
      @15KHPCLUB 4 месяца назад

      @@Technie87 Collision repair and restoration

    • @titolovely8237
      @titolovely8237 Месяц назад

      yea i used to be. thinking about going back after being in corporate jobs for the last 5 years. theyre less work but the BS involved makes me want to just go work for myself again.

  • @djpuplex
    @djpuplex 2 года назад +13

    Boo hoo. These two didn't even ask her what people on her level at it make. She could have a six figure position and taking in the $70k range.

    • @adamseidel9780
      @adamseidel9780 2 года назад

      Or have a $65k job asking for $83k apropos of nothing.

  • @soulistic87
    @soulistic87 2 года назад +6

    I’m sorry you know your own worth and value if the company fails to see that move on. It’s not about honey moons and being nice it’s about business on both sides. They should at least be willing to meet in the middle.

  • @justagirl743
    @justagirl743 2 года назад +8

    If they won't budge with salary and you're within a few thousand, you can always negotiate something else like additional vacation days.

    • @montymython754
      @montymython754 2 года назад +1

      I’d agree but say: do this (negotiating benefits in lieu of salary) with caution. From personal experience, if your company ends up in a merger or acquisition later on, benefits packages can be completely made over into something else, and certain benefits can go away entirely. Your handshake deal on these benefits can get lost in the fray.

    • @kingofrivia1248
      @kingofrivia1248 2 года назад

      @@montymython754 „Handshake deal“ obviously you include it in a iron clad contract.

    • @montymython754
      @montymython754 2 года назад

      @@kingofrivia1248 Yes, I said you do it with extreme caution. Include language about what happens in a merger.

  • @ice-mp5dx
    @ice-mp5dx 2 года назад +14

    Some companys dont give annual COL raises.

    • @englishrose4388
      @englishrose4388 2 года назад +1

      Yep. 🙋🏻‍♀️

    • @Theredeemedchild2
      @Theredeemedchild2 2 года назад +4

      Mine does not

    • @trent797
      @trent797 2 года назад +6

      Some? Practically no companies give COL raises.

    • @brianwashington5902
      @brianwashington5902 2 года назад +1

      The reason the private sector absolutely sucks. I work for govt and get paid like the private sector. Raises are negotiated by our union and automatically given. The negotiation with the company 💩💩💩is crazy to me. Plus, that just the salary what about medical and retirement??? 401(K)s are jokes and will have 1/3 of US workers living under a freeway three years after retirement.

    • @aolvaar8792
      @aolvaar8792 2 года назад +1

      @@brianwashington5902
      leave a $130K job, for a $65K gov job
      20 years gets you 45% pension (100% survivorable), Lifetime Family Healthcare, retire in your 50's.
      Marry a young woman, who understand and wants to have 6-8 children.

  • @davesynth3860
    @davesynth3860 8 месяцев назад +1

    Whenever they ask what you want, never say what you want; always say “I’m interviewing with this and they’re offering this.” They will have no choice but to match it or give you more (unless they’re dumb).

  • @sir-punchalot
    @sir-punchalot 2 года назад +8

    Horrible advice. Especially if a big company. They have the capital, as well as understand the cost of acquisition(/retention in case of negotiating raise). If youre making 73k base and the new guy offering 75k lol then it better be way better work environment to leave your current employer, and fwiw if you find yourself in this situation, it's probably a good time to leverage your existing pay to your current employer (in a professional manner), explain how your current value isn't being accurately reflected in your take home, that you believe in the company, but explain the discomfort it brings you when denying offers from competitors of greater sums. Inflate offers by at least 20%.

  • @pbnpepe4481
    @pbnpepe4481 2 года назад +15

    I countered an offer yesterday. Hope it works out, I''m not great at doing it :(

    • @genxx2724
      @genxx2724 2 года назад +2

      It will. You’re just feeling nervous because you’re not used to the back-and-forth. One step at a time. 🙂

    • @chinomaidana2045
      @chinomaidana2045 2 года назад +1

      good luck!

    • @JediKnightmare
      @JediKnightmare Год назад

      How’d it go?

    • @pbnpepe4481
      @pbnpepe4481 Год назад

      @@JediKnightmare they didn’t accept my counter offer lol

  • @ikechicoreralation
    @ikechicoreralation 8 месяцев назад +1

    “More degrees than a thermometer” lol

  • @markallison1181
    @markallison1181 2 года назад +12

    Dave is just dead wrong here. You have to play the game. Tell them you currently make more than you actually do and tell them you have other offers around that amount.

  • @cmerr2
    @cmerr2 2 года назад +5

    "If YOU leave the cave, go out, kill something, and drag it back...I will share it with you."

  • @pahanin2480
    @pahanin2480 2 года назад +2

    80k per year is very low for Chicago

  • @richthepup
    @richthepup 2 года назад +7

    Prime example of how dumb advice this is, every role in a company isn’t an INCOME GENERATING role! Some roles are support, some are capabilities. All are important, bad metric to say “if you bring in more money” 🥴

    • @jrwntctv8091
      @jrwntctv8091 2 года назад

      Which indirectly generate income.

  • @deboramarcotte4203
    @deboramarcotte4203 2 года назад +3

    2000 not even worth the job change. Move on gal. You are worth more!!! There is a better job out there for you!!

  • @stephanx2384
    @stephanx2384 7 месяцев назад

    Another thing to ask definitely is how a career path, also paywise, would look like. You might not make that much in your first year but might be paid bonuses etc from your second year.
    However, the way she carried herself even during that phone call I doubt she made it. You really gotta mean what you say.

  • @linuxsurfer2002
    @linuxsurfer2002 2 года назад +10

    Ideally, you and the company should both want an arrangement that makes the other happy (as opposed to the company trying to get you to accept the lowest number possible). Sure, companies can be successful at getting you in at the bottom, but then is the worker happy? Turnover becomes an issue as people don't want to stay at a company that just wants to pay them the minimum.

    • @jrwntctv8091
      @jrwntctv8091 2 года назад +2

      Yes, negotiations, when done right, are not adversarial. Good negotiators want to create a win-win situation.

    • @lowmax4431
      @lowmax4431 2 года назад +1

      I'm currently frustrated at my job because I'm getting paid far below the minimum for the experience I have. I love the job but man, I can't help but think about how much I could be making elsewhere.

  • @rolandoflores2806
    @rolandoflores2806 2 года назад +5

    Started to notice that high paying jobs are only those that generate revenue. If you’re an expense you have almost no negotiating power

  • @nunyabusyness762
    @nunyabusyness762 Год назад +2

    I recently got promoted to a salaried position, I refused salary though and demanded hourly. Best demand I ever made. I had salary once before at a great pay rate, but I was getting paid for 40hrs a week and working over 140 per week, consistently. The novelty wore off quick. I would take getting paid hourly over bonuses any day. I negotiated my current pay by pointing out what I've learned/do. I also researched what other people in the same company make in my position so that my demands wouldn't be to far off base.

  • @parttimeconstruction2933
    @parttimeconstruction2933 10 месяцев назад +1

    Well this wasn’t helpful. IT isn’t something everyone can do. It’s hard. The cost of living is crazy right now. This woman should be making 80k minimum.

  • @Shivakeef
    @Shivakeef Год назад

    The conversation, should be how can we figure out this yes. But the whole point is you want someone to bring value beyond their-- what?
    I can answer your question, but will you listen to and/or accept my answer.
    Most pay-rate salary negotiations are centered around if you get paid, you need to be the best or be the ideal candidate. SO then when does the employer explain this is what I want from someone looking for this pay rate?
    Or should I know from the out side what a key player that gets paid this much in your company does, and if I can bring that to the table?
    Chances are they're not asking for a rate that's already being paid to the people around them, it a pay-rate that they need to get the life they're reaching.

  • @nickgomes9370
    @nickgomes9370 Год назад +1

    What unbelievably bad advice. The new company is not going to pay more if she "busts it" as the guest host says, all they will do is pile more work on the workhorse! Offer time is pretty much the only time you have to negotiate. Ridiculous that these so-called experts don't know that!

  • @charlesyoung9980
    @charlesyoung9980 2 года назад +7

    Hows Yous doing?

  • @MarxVsBakunin
    @MarxVsBakunin 3 месяца назад

    The era when working hard and being productive could get you pay increases are gone. Now the only way to increase your pay is to move on to a new employer

  • @JoeyNYSDnomad
    @JoeyNYSDnomad 2 года назад

    You have to be your own advocate, go high and let them counter offer. If it is not what you want move on.

  • @25566
    @25566 11 месяцев назад

    The advice sounds good, but 99% of the time they already have people with more experience than you inside the company and they're getting underpaid, so if they allow someone to come it at a higher compensation than someone who's been there 5 years they'd have to raise everyone's salary

  • @vietdragon2009
    @vietdragon2009 Год назад

    That's not how you play the IT field. It's expected that you switch jobs every two years to get a higher salary.

  • @cuh720
    @cuh720 2 года назад +6

    Go to another company

  • @Thestunningdoughnut
    @Thestunningdoughnut 7 месяцев назад

    Yeah this is super pro-corporate rather than pro-worker.

  • @titolovely8237
    @titolovely8237 Месяц назад

    totally disagree. salary negotiation is no different than buying a car. each player has a number in their head and it's a game of chicken. you need to come up with a number that youre willing to take and if the company doesnt give that to you then the answer to working there is a no. sometimes the two parties cant come to an agreement. most of the time they can, though, so long as youre aware of the salary bands being paid in your field. companies expect you to negotiate, which is why they offer low starting salaries hoping to hook that big fish with minimal pay, but if they see you as a big fish already, they will up your salary within limits.

  • @ebenezerfagundes1001
    @ebenezerfagundes1001 2 года назад +1

    Great conversation!

  • @1jboda
    @1jboda 2 года назад

    Here within the first hour!

  • @NatePerdomo
    @NatePerdomo 7 месяцев назад

    How long has Lex Fridman been podcasting with Dave?

  • @Peadeymclovin
    @Peadeymclovin 2 года назад +2

    You don't negotiate, you tell you union rep you are due for a raise and you get one.

  • @GuruChaz
    @GuruChaz 10 месяцев назад +1

    $72,000 isn't a bad salary. They offered $75,000. I would take it. What are you doing that you can't live on that? What is your job position and what is the real median salary for what you do?

  • @donjohnson1416
    @donjohnson1416 2 года назад +1

    He says the same thing every time lol. People dont understand that you have to WORK to earn. lol. lol.

  • @theblackknight9783
    @theblackknight9783 2 года назад

    When a person expects to be paid more then the company is offering, that person needs to have a skill set or knowledge in that field that makes them worth being paid more.

    • @privacyplease1556
      @privacyplease1556 2 года назад +9

      No they don’t. They just need to have a competing offer.

  • @beney2k
    @beney2k 2 года назад +1

    If I consistently save a company money (as opposed to bringing more revenue), does that make me eligible to earn more?

    • @TENNSUMITSUMA
      @TENNSUMITSUMA Год назад +1

      🤣 Then they wouldn't be saving money now would they!

  • @lovetosplash
    @lovetosplash 2 года назад +2

    I wish I made 70k

  • @digitatissue8502
    @digitatissue8502 2 года назад

    This is great advice!

  • @GetGwapThisYear
    @GetGwapThisYear 3 месяца назад

    What is he talking about, “if they don’t meet the magic number, doesn’t make them a bad person.”
    Nobody said they’re a bad person, but neither am I and I’m not working for that lowball salary. 😂 goofy

  • @David-wo9un
    @David-wo9un 2 года назад

    Great answer from both!

  • @victors16811
    @victors16811 2 года назад

    You only can ask for more if you have more value/skill to give to the business! Not because you have x amount of time

    • @Ryan-gx4ce
      @Ryan-gx4ce 2 года назад +3

      You should always ask for more because they are going to pay you as little as possible regardless of your experience

    • @privacyplease1556
      @privacyplease1556 2 года назад +4

      Always negotiate. ALWAYS. Best to negotiate with a competing offer in hand.

    • @victors16811
      @victors16811 2 года назад

      Agree you should always negotiate, however, negotiate with the right tools, not because of inflation, debt, or just because you want more. Find another offer and negotiate, take more responsibilities, deliver more value and so on

  • @willhokage494
    @willhokage494 21 час назад

    NO value added by either of these gentleman. Tons of better videos out here.

  • @ashleyr2014r
    @ashleyr2014r 2 года назад

    Lol I don’t know why I thought these boomers were going to help me make career decisions.

  • @jimmymcgill6778
    @jimmymcgill6778 2 года назад

    Just ask.

  • @Facesofhumanitythroughhistory
    @Facesofhumanitythroughhistory Год назад

    if you are in business, now if you are looking to join a business' and build a skill or learn and earn the trade that is another thing. some people just know instinctively to put you under in the market for example a person whom sells coffee beans at a star-bucks will always generally people like that are defined as maxed out at management.
    this In-turn will effect your entire employment and distribution cycle for production and its value orientation in each cycle trend within the economics structure some people attempt to evade this by restructuring but should have subsidized or monopolized because in the end being in business' means you can also define categorize and contain not just expand.
    when your skills are highly sought out and the investment created within the company you should have already assessed instead you should capitulate and capitalize on their negligence and failure while building your own team.
    after diverting their asset margins through production value exception transfer rates
    we will then change the market price to reflect the asset management that was required to maintain the distribution and movement.
    this is in the same way that distributing management company's or micromanagement fascial asset management is now used for fractional share allocation and "cropshare". which also can result in asset movement currency swap or international trade route exchange provisions causing both investment and assetmanagment provision and stabiliziings your currency. so both creating wealth and stabilizing and growing your $$

  • @cuzinkenny9435
    @cuzinkenny9435 Месяц назад

    This is such a boomer response! Like, what??????

  • @Jakkaribik1
    @Jakkaribik1 4 месяца назад

    Stop being like a slave for a company if they do not pay more do not work more for a bit more Cash. You should work or not work for that place but take the first they give or leave Negotiate a bit but after you leave the talk their chance is up..

  • @paulwilliams6927
    @paulwilliams6927 6 месяцев назад

    terrible advice. ask the hiring manager what more work you could add on for more money? this is the epitome of getting advice from someone on something they’ve never experienced themselves.

  • @retirementbudgettravel699
    @retirementbudgettravel699 2 года назад

    Excellent win/win advice!! Thank you!

  • @amitsuju
    @amitsuju Год назад +1

    Worst negotiation advice. Period!

  • @JohnHessGA
    @JohnHessGA 11 месяцев назад +1

    not surprising; worst advice ever

  • @twelvestepcorky
    @twelvestepcorky 9 месяцев назад +1

    Wow awful advice.

  • @JoseMartinez-yf4of
    @JoseMartinez-yf4of 7 месяцев назад +1

    Horrible advice !

  • @travelwithfawn
    @travelwithfawn Год назад

    This is so cringe

  • @kevinb8881
    @kevinb8881 2 года назад +1

    Lady, for the love of god, look elsewhere!!

  • @christopherhiggins4249
    @christopherhiggins4249 10 месяцев назад +1

    Terrible advice

  • @jacksoncook7450
    @jacksoncook7450 2 года назад

    Why does it matter how big or small the company is?