Author Topic: Tips on negotiating pay for multiple job offers  (Read 1093 times)

darkskys

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Tips on negotiating pay for multiple job offers
« on: December 18, 2021, 09:14:49 AM »
Iíve been entertaining the idea of a new job lately and put some feelers out there. My current position is OK the moment but a lot of people are leaving and manager (who I really like) is leaving. So thereís a lot more pressure to put in more hours to make up for the severe lack of staff. I feel a little guilty if I left because I would be totally screwing my coworker over for our project..

I didnít even apply to any positions except flip the ďlooking for jobĒ switch on my LinkedIn and got completely blown away by how many companies need software devs right now.

In any case, I have a company that looks like they will be giving me an offer Monday, but I kind of low balled myself on salary. They asked at the get go what my min salary is I had said $x. I had no idea that other companies are willing to pay at least 10k over that mark.

So in this instance, say I got the job offer, and got offered my target salary. Would it be reasonable to tell them Iím interested but I have some other positions with higher pay ranges and see if they would go up? I wouldnít be particularly upset if they got offended and took away the offer.

cool7hand

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Re: Tips on negotiating pay for multiple job offers
« Reply #1 on: December 18, 2021, 09:41:15 AM »
Are you asking about other strategies than what you proposed or whether the strategy you did propose is ethical?

And money isn't the only variable. Quality of life can be more important to some. How could they improve your quality of life and what would that be worth to you?

Whatever you do, negotiating is like poker. Don't play your hand. Play theirs. And play fearlessly.

darkskys

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Re: Tips on negotiating pay for multiple job offers
« Reply #2 on: December 18, 2021, 11:47:41 AM »
Iím not too worried on the ethics of this, doesnít seem like either way is wrong.

Iím looking for ideas to apply leverage since I gave them a number beforehand and am now going to change it based on circumstances I listed above.

You gave me a lot to think about though. I will consider QOL more than money as Iím making enough now to still save aggressively.

bryan995

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Re: Tips on negotiating pay for multiple job offers
« Reply #3 on: December 23, 2021, 07:39:12 AM »
Did you apply and interview elsewhere? If not - it may be a good time to start. The field is bonkers right now. 10k is nothing for a SWE!

Just tell them you have other pending interviews and (ideally) N other offers either in hand or in flight. Or that you are just starting your search and they were the first.  Hence some reluctance to stop your search early without a slam dunk of an offer.  You are finding salaries in the range of XXX at companies NNN.

Also never tell them your current salary. Just mention market range for your level of experience. Or even better that comp is not your #1, your decision will depend on team+outlook+mission+comp.  If you are a software dev then you already know the top end of the pay scales at FAANG. You should then have a pretty good sense as to how your current/prospective company stacks up against a Google for instance.

Try this for salary insights
https://www.levels.fyi/?compare=Google,Facebook,Microsoft&track=Software%20Engineer

And p.s.  I would put significant time into this. You normally only get to switch roles every 2-5 years. Every little bit you negotiate now will pay dividends later.
« Last Edit: December 23, 2021, 07:40:59 AM by bryan995 »

darkskys

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Re: Tips on negotiating pay for multiple job offers
« Reply #4 on: December 24, 2021, 08:34:25 AM »
Yes Iím speaking to multiple recruiters right now.

This offer I just got was 10k over my base but 3 weeks less PTO. When I factor in my other como factors (flexibility, bonuses, etc) itís not really more than what I make. They seemed super nice but no thanks.

I definitely donít make as much as my level of SE as FAANG companies. My pay is decent for my area but since I can get a job anywhere the calculus changes a bit.
For reference my experience leaves me at a software engineer 2 or 3 and Iím fluent in the some of the most desirable technologies.

chasesfish

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Re: Tips on negotiating pay for multiple job offers
« Reply #5 on: December 26, 2021, 10:03:56 AM »
Agree with Bryan - Thank them for the offer, tell them you have some other conversations, realized the market has moved much higher than you thought, and you're currently employed and aren't in a rush to make a decision.

 

Wow, a phone plan for fifteen bucks!