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re: negotiating first salary

Posted on 6/28/13 at 9:50 am to
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 6/28/13 at 9:50 am to
Relocation = 1 time costs

Salary increase = lifetime income

Go for the salary increase over relo for sure.
Posted by BayouBengal
Member since Nov 2003
28275 posts
Posted on 6/28/13 at 10:01 am to
Make sure to adjust for different comp packages like 401k matching, vacation time, insurance premiums, etc.. Such as at my job our matching is $1.50 for each $1 up to 6% and the employer pay insurance premiums. So yes, I could get more take home pay from a competitor but I'd need a decent little bump just to make it equal.
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 6/28/13 at 6:43 pm to
quote:

since I realize my lifetime earnings are dependent on where I begin.


Um no.
Posted by The Easter Bunny
Minnesota
Member since Jan 2005
45566 posts
Posted on 7/1/13 at 8:14 am to
quote:

Poodlebrain


Thanks for the great post. I'm glad the MB exists to get away from standard OT responses
Posted by The Easter Bunny
Minnesota
Member since Jan 2005
45566 posts
Posted on 7/1/13 at 8:15 am to
quote:

Um no.


I was thinking of it like I'll get percentage increases from here on.
Posted by LSUAfro
Baton Rouge
Member since Aug 2005
12775 posts
Posted on 7/1/13 at 8:41 am to
quote:

I was thinking of it like I'll get percentage increases from here on.
A lot of companies will do across the board % increases, but they will also do merit based bumps as well when management recognizes the need to give them or you ask for them.

I'm telling you, starting salaries is NOT a huge factor. Your largest % increases in salary should come 2-5 years out of school, and if the company doesn't want to pay, then you go somewhere that does. You have a lot more value with 2-5 years of experience than you do right out of school with little or no work experience.

Being a manager at a good company that people want to work for, I'm not giving more than I offer to fresh out of school grads. You haven't proven anything. For MOST positions, you're a dime a dozen. I don't hire Ph.D grads either though.

ETA:

We have engineers that make 3x more than where they started out of college less than 10 years ago, accountants making 2x more, and clerks taking their yearly 3% bump. You have to pay market value to keep your talent.
This post was edited on 7/1/13 at 9:12 am
Posted by hiltacular
NYC
Member since Jan 2011
19667 posts
Posted on 7/1/13 at 9:24 am to
Do you know what the typical starting salary is for people with your qualifications/job field?

That is how I began my negotiations.. they asked me what I expectedto make and I replied with "well people with a chem e degree from gatech typically start out with xxxx and worked from there."
This post was edited on 7/1/13 at 9:25 am
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