Hello! I was recently contacted by tech recruiters for PMM roles and they both shared job descriptions for 12 months contract coming with a fixed salary. I was wondering if there would still be room for negotiations during interviews with hiring managers or these recruitment agencies are supposed to hire contractors within the budget. What are the usual compensations you can negociate when you are not directly contacted by the client? Is limited to salary & bonuses?

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I just went through a similar process. The recruiter reaches out with the approved budget and the company expects the prospect to fall within the budget. When I got the offer letter, I pushed back on base and they held firm, but from what I have seen on Fishbowl this isn't a standard experience for all and really depends on the company.
That being said, I was able to negotiate a sign on bonus with no payback expectations as well as flexible working hours. They also couldn't increase my PTO bank (they don't accrue PTO and instead release 100% of PTO at the beginning of each year so for them it was a cash flow issue to consider increasing it) so they agreed to instead pay me for an upcoming vacation (they were going to prorate the PTO for this year based on hire date originally if that makes sense). They also worked with me on a start date 7-8 weeks out rather than 2 weeks which provides me some much needed time off between roles.
So there are things you can negotiate beyond base pay, but you should try to negotiate everything regardless. If you are way above their approved salary band for the job, though, be ready for them to not go beyond the range provided by the recruiter. Hope this helps.

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Thanks for sharing this.

From my experience, third party recruiters are quite rigid and mention early on in the interview that they are "working with a set budget". Chances of negotiation are less unless you go behind their backs and reach out to the client HM directly. With regards to other incentives, it depends on the client. If the position is salaried and have possibility of extension, chances are that they will provide insurance, 401k matching etc. If you are hired as a contractor on hourly basis, you are most likely not even getting the bonus.

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Ok clear, thanks for sharing.

You should always negotiate. They may say no but it never hurts to ask. I say go for it.

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