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It’s probably fine. They need to talk to the hiring manager who then needs to talk to their boss to see if they can or cannot pay for it. 24 hrs is not enough time, I used to work in industry and it would take 2-3 days before we got back to candidates who were trying to negotiate.
One of the keys to negotiating is to not he the one who blinks first. Freak out with friends, family and fb. When you speak to them, be upfront with your interest in the company and your need for a higher salary, and don’t let them see that you’re panicking.
I doubled my scholarship offer at my MBA program (from 50% to full ride of $120K) by repeating over and over again “I’m so thrilled you’ve offered me a slot at your school. I love this school and absolutely want to come here. What I need I’m order to do that is a full ride, or a minimum of 90% paid. Here’s why I think I should receive that. Again, I love this school and hope this will work for both of us.”
It was terrifying, but it worked and the admissions guy has continually told me since then that he couldn’t have been more impressed with how I handled it.
16k is what % of original offer? Give the recruiter more than 24 hours. It takes time to go back to hiring manager to see what they can negotiate
Yeah OP what’s the number? 16k isn’t a lot depending
They offered $81K and I asked for $96K (knowing I wouldn’t get that, but anchoring high)
Not unreasonable. They’re figuring out what they can respond with.
Rising Star
24 hours is not nearly enough. Sit tight and wait. If you don’t hear in a week, reach out.
Rising Star
OP, you did reach out with the counteroffer. The ball is in their court. They either will come back with no, our offer stands, your offer is accepted, or new offer.
For context, I run a practice. In my world, right now due to Covid, 4 approvals are required. 1 from the partner hiring you, 1 from me and 2 from my boss and his boss. As you can imagine it takes time to herd all 4 of to respond.
First things first, don't freak out. You have no idea what's happening or why you haven't gotten a response. Usually they only offer to one person at a time in order of their hiring preference.
Let's deal with reality first: it is possible the offer could be rescinded (if it's rescinded without even bothering to counter, then you dodged a bullet). It's also possible the recruiter doesn't know it's preferable to at least acknowledge receipt and a general timeline of when to expect response. It's also possible they're just waiting on a response from the hiring authority. The recruiter is just the middle-person.
And no, what you asked for is not "too much". I'd assume you did your research to know it was a good counter and now it's just time to wait (but keep applying and interviewing).
Good luck and congratulations in advance!
Thank you so much for this much needed reality check.
As a former recruiter I can echo a lot of what has already been said. I had to go through about 3 approvals for each offer (each person had 24 hours to approve) and additional approvals were added if an offer was above the midpoint or outside of the range for that role. If they’ve given you a deadline to respond I would respond 24 hours before that deadline asking for an updated deadline.
16K? What % is that? I heard if it’s within 15% it wouldn’t be that bad
24 hours is nothing. My husband was negotiating this summer for a software engineering role and had to wait ~36-48 hours between rounds of negotiating.
You’d have to do some egregious for an offer to be rescinded just based on negotiating. Asking for more is not egregious.