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Can someone help, what is In hand salary.
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Digital CoLo. what would you like to hear more?
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Is a MBA worth it? 17 years into my career.
I have always thought that if my first offer didn’t make them laugh, I wasn’t asking enough. Make sure you are not laughed out of the room though :). Good luck!
If you’re in no hurry to leave..
Conservative: Go back with a number that you’d leave for and say take it or leave it.
Aggressive: Research pay bands, find the highest number, go back to them with that
For both of them, come up with a justification that make sense (e.g. moving locations, lost comp, lost professional network, spouses concerns, etc). The reason itself doesn’t matter as long as it’s enough to get them to view your ask as something other than plain greed
If you’re truly not in a rush to leave you are in the best possible negotiating position mentally. Here’s what you can make me move for. Take it or leave it.
Are you able to gauge their interest? It’s tricky because if they really want you they will likely offer you more to get you in. However if there are others they considered they may be slighted and move on. So it really comes down to a) do you know if they want you enough to match your offer b) are you willing to risk them coming back with no counter and a “take it or leave it”. I’ve seen both scenarios happen so think about it before just throwing out a number.
...but I’m not in a rush to leave. To get me to leave it will need to be a big enough jump
Thank you, all. I could feel myself shaking inside when I asked 38% above my total comp. I mean that’s not that crazy going from external to internal, right? My rationale to myself is that I will get another salary adjustment in about 7 months. So by then the gap in % would be 20%+ which I think is fair and common...is that legit or am I being too greedy?
Thanks VP1. Much needed sanity check
Here’s some helpful context - manager data science consulting. Regularly hear from recruiters. I don’t need to leave. I want to be paid to leave.
I take what I will earn this year + 15% inconvenience fee + net benefits true up. That’s the number I quote to be even. I then add 10% to move.
If you are not in a rush, remember that people are buying something unique, not a commodity.