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Depended on firm, I’ve seen PTO, severance packages, bonuses for certain certifications or milestones met within specific period of time, attendance at certain work related events, home office or IT budget… aside from salary, health insurance and 401k type stuff… anything else can be asked for (with no guarantee it actually works out).
From a compensation standpoint, what % increase should be the counter offer from the employee side be?
I was assuming that benefits like 401k, PTO are not negotiable in big FIs as they are already published in their websites. Have you had any experience of negotiating a better package in the non-monetary benefits, especially in top companies/ banks?
I’ve found that third party recruiters are full of shit when it comes to compensation just to get you started on the process of looking. Last one I considered told me comp of 200k was where the firm started for my role and when I spoke with the firm it was more like 150k.
Agree. Very few third party recruiters understand the real requirements of a job. Some of them just learn the key words and in such cases they cannot make a good estimate of candidate's worth. Still, they shouldn't be quoting above the actual range.
When negotiating salary with a new company, i never tell them what i make today or in the past, but i do tell them what my salary expectations are. I decide the price then add ~10%, and that's the only number i share with recruiters and hiring mgrs. If they can't possibly make that work, I'm not compatible with the opportunity.... move on.
For those who are much more capable than their current level of responsibility/compensation, your past comp info only serves to hamper your progress.
My advice would is to be internally driven. There are people who are really happy to make $x/yr until they find out that someone else makes more. Thats the wrong approach to life.
Check out glass door salaries to see what is possible for a given role/skillset/company and add 10% because this info is always old. If that much money can provide the lifestyle you want over the next 2 years, go for it. If not, find a role that does and spend a year or 2 to build the skills to do that job. Best luck!
2nd tip - only apply to jobs that should be able to pay what you want AND you're somewhat confident you can perform at.