I think I made a crucial mistake in salary negotiations, and I’m wondering if there is anything I can do to undo it? I received an offer and was asked what my current salary was; for some reason, my brain blanked and I lowballed myself. After doing some research, I’ve realized the salary for this new position could have been up to $20,000 higher. Can I go back and try to renegotiate, or do I just accept that I blew it?

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If it helps, your research is pretty irrelevant. Your market value for this role is a blend they’ve budgeted, what you value yourself at, and what the next best candidate was willing to take.

You have no way of knowing if that $20k more could have done anything for you and could have resulted in you pricing yourself above what the next best candidate was willing to accept (or think about it that your ask meant you were cheaper than the better candidate and made the difference for you - and I’m speaking from experience. Pivotal role in my career: I wasn’t quite as qualified and didn’t vibe as well with the other interviewers (who weren’t the hiring manager) who preferred the other candidate. But I was below budget while the other candidate would have been a stretch, so I got the job and proceed to exceed expectations. Which was nice).

Go kick ass at this job and make sure you’re giving them damn good reasons to value you above your current salary, then sit down and have a conversation about your future with them - where you want to go and what you’d like to be earning and ask them how they can support you getting there.

likesmart

Never ever give your current salary, it’s irrelevant. The role they’re offering and the compensation they’re willing to provide (even if it’s a range) is what matters. Say it again, never ever give a number first. It never benefits you.

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I’ll disagree. Let’s say you make $150k and they offer $100k. How do you lose? You can simply say, I’m sorry but that is significantly lower than I would expect for “the position” requiring “these skills”. And you can see how that goes. But the downside to you saying a number first is far too risky to chance things. Remember the number you come in the door with is setting the stage for 2-3% merit increases, it’s you biggest opportunity to affect things.

I’m known to ask for a range in my first phone conversation with the recruiter/manager. I set the tone as “I want to make sure we aren’t wasting time”. If they can’t afford me, I’m doing them a favor up front by not wasting time interviewing me only to lowball me later. And if I know they can’t afford me, I’m not wasting my time with the insanely large interview process things have somehow evolved into lately.

likehelpful

Our office is dealing with a candidate asking for $20k more and they are laughing so hard at the attempt. Sorry

funnylike

They should not have asked your current salary-it is illegal. If you are in contact with the recruiter, discuss it with them. Advise that you have researched market rates and would like a fair market salary-you have to be ok if they rescind the offer. Also know that if you do not get it up front, the 1 and 2 percent raises companies give nowadays will not get you to the salary you want.

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Ok but then if it IS illegal, then why are so many companies still getting away with requiring it during the application process...literally with the little red asterisk next to it meaning a "must" respond question...and then the application doesn't even allow you to move forward to the next page until you put something down. What are you even supposed to do? Frustrating.

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You're cooked 🍳

likefunny

Now that you know your market price, find another job at a competitor. When you get an offer, ask them to match, if they don’t, walk away.

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You've shown your hand, so there's no way back. Next time, nicely dance around the question and illustrate where you need to be in terms of pay and be prepared to back up your argument. If you're coming in high, they'll turn to someone like me to determine if you're out of your mind or making a valid case.

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Yikes, that's a tough spot to be in. If you have already signed your offer letter, it might be a little late to negotiate. But if you prove yourself, you might be able to ask for a raise or renegotiate in a few months

Stay w it foe a year or so and do well. The. Ask for a raise and be honest about your brain fart.

Stay w it foe a year or so and do well. Then Ask for a raise and be honest about your brain fart.

Stay w it foe a year or so and do well. Then Ask for a raise and be honest about your brain fart.

Never give your current salary, it has nothing to do with the new opportunity. Ask for more than what you will accept and always get extra time off right away.

If you're experienced, it's easy to negotiate. Your current or last salary is none of their business and they shouldn't even ask. I'd respond by asking how it pertains to the open position.

If you have 3 weeks time off at your current job, request 4 weeks, at least, and settle for no less than what you already have. I had a requiter ask me what I wanted so he could go to the employer with my requirements. He yelled at me and said no one will give me what I want. I responded by saying, no one will give him that, but I do get it when I get another opportunity. So, I hung up on the dummy. lol

Keep your personal information, personal.

But know that you are in there, knowing that you lowbaled yourself. You either really accept it, or you're never gonna be happy.

just accept it.

You can actually, after a probationary period that you give yourself and the company, renegotiate your place and relationship in that company. just be ready to leave . you or they can call each others bluff. you can actually take a POV that you are hiring that company to distribute your services for a salary. Its a mutual agreement. You set your minimum salary, your minimum wage. Show case your value to the table, Add more value to the table.

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