{ "media_type": "text", "post_content": "About a year ago, I interviewed a junior product candidate (less than1 YOE) who countered our offer for $50K more (more than initial recruiting convo). The candidate wanted FAANG money & we don’t pay FAANG salaries (they’re still good salaries that are average for corporate fintech and we’re also based on the east coast).\n\nHR just said that candidate reached out asking if the original offer is still open. We are hiring for more junior PMs, but my gut says no. What would you do in this situation?", "post_id": "6247b7b1c9efb70030a4913e", "reply_count": 41, "vote_count": 7, "bowl_id": "55375ce690f5eebe1d2a0f88", "bowl_name": "Tech", "feed_type": "crowd" }

About a year ago, I interviewed a junior product candidate (less than1 YOE) who countered our offer for $50K more (more than initial recruiting convo). The candidate wanted FAANG money & we don’t pay FAANG salaries (they’re still good salaries that are average for corporate fintech and we’re also based on the east coast).

HR just said that candidate reached out asking if the original offer is still open. We are hiring for more junior PMs, but my gut says no. What would you do in this situation?

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I would trust your gut. Especially when you have reservations and it’s been over a year, if they want to apply they should go through the process again

likesmart

My biggest thing as someone who’s worked alongside of talent acquisition and has been a senior hiring manager for multiple roles, if someone negotiates an offer with me I am okay. If someone comes out to max scope and they weren’t my “wow super star” but I’m still paying above median, because of their potential, I am still okay. If you ghost or leave me and say you had a better offer, a year later come back and want the same offer you said wasn’t good enough- that isn’t going to fly with me. Behaviorally it says the bar of someone “looking for greener pastures” and when they don’t find it will come back. Though that isn’t the case for everyone, and sometimes they work harder than others and work out- if the vibe youre getting is telling you “No” - trust it. This hire will represent you and your decision for as long as they are within thecompany. I know your’re hiring and want to find the right candidate, put the energy into solid network candidates and trust the process.

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I wouldn’t worry about the counter offer, they are well within their rights to max their comp.

Do you have the position open? Do you have a pipeline for that?

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As someone who worked outside of tech for over a decade, then moved into tech, I can say the entitlement at times is astounding. It’s been a mere 9 years since I was making $70k with a graduate degree, and now that I’m in tech with that same graduate degree (over 15YOE at this point) I now pay $70k in federal taxes alone. Yet I have direct reports making $150k a year with 4-5 YOE who are dissatisfied.

I’m hiring, looking for ~7 YOE and have folks asking for $250k base. I completely get the great resignation and knowing what you’re worth. Perhaps I’m a curmudgeon, but some of these expectations are so inflated it’s ridiculous. Know your worth but be realistic. Just because you got a participation trophy on your 7YO soccer team doesn’t mean you’re a special snowflake that translates into critical talent.

And since I’m on a rant, we just went through critical talent reviews in an org of 400 people and less than 10% were actually deemed critical talent. So even if you do finally get hired into FAANG/big tech odds of you making critical talent in those realms are low.

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I myself would rather make 100k a year with a boss I like than 200k a year with a boss I don't.

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I think the guy found another job, test drove it, hated it, and now looking for an exit. He’ll likely do the same with your company. He/she might just test the waters and leave is he/she is unhappy again - without much effort. I’d go with my gut - no.

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This was exactly my instinct as well. If you’re paying extra for potential but you know they’re a flight risk then what’s the point?

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Trust ur gut

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Did they have a real counter offer at $50k+ or was it a made up ask with no data/information to back up? If they had a real counter or anything to suggest they are qualified to make that amount then it was fair for them to try to match it but if they were just spitting out a high $$$ that was unwarranted, this feels out of touch with reality and I’m curious about the judgement they’ll make in your company or a professional setting

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As its been a year, I would ask them to be interviewed again by different set of people.
If they haven't received other offers, makes me wonder if they were faking it in the previous interview 🤔

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New to the Bowl, are we allowed to ask for referrals or links to the job you're hiring for?

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Sure! There's no rule nor culture against that here. Just remember to like react, and to helpful react answers to your specific questions. Those reactions help us unlock DMs, badges, and other privileges. 😉

helpful

I wouldn't hire atleast without another interview and need to understand why they are looking for a job again

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How was the candidate otherwise during the previous discussions, beyond the topic of salary?

I mean if you already had a conversation, I don't understand why they'd ask for $50K more. That is ridiculous!

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It could be that they didn’t really know the market. You may have been the first few they interviewed with and received an offer. When I started interviewing, I was asking for $30k more than the market because I didn’t realize. I had to scale back significantly when I realized what the market was. Maybe have the conversation with them on why they are now willing to accept the offer?

Ps what does FAANG mean?

Thank me (and others who answer your questions) with "Helpful" reacts, if you don't mind. They go towards boosting our scores so we can DM people, earn badges, and receive other privileges too.

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Don't be a gatekeeper negotiate a realistic pay for the candidate final offer with 24 hours to accept and move on

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