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A hiring company requesting compensation history **Updated OP**
Posted on 4/10/13 at 10:19 am
Posted on 4/10/13 at 10:19 am
Has anyone ever been asked to provide a hiring company's HR department (i.e. prior to them finalizing an offer to you) your past 2-3 years of compensation (salary+bonus+stock+etc)? I just recently was, and am a little curious about the rationalization behind it. For an opportunity that's a pretty nice bump up in pay, I'm wondering if they are going to use this to justify a lower offer?
****So an update- you guys were right. They used this info to low ball. Not only did they come in at the very minimum of the salary band, but they offered me a title below the one I applied for. Chalked it up 'HR experience requirements' not met for the title I originally applied for.
The role and responsibilities dont change though, so as crazy as it sounds, I'm still seriously considering it. Its still a damn good role, regardless of my title. And even with the lower than expected compensation, its still a 10% raise with a guaranteed bonus, which I dont receive today (b/w a 25-30% total compensation bump).
But should the shadiness of this whole ordeal sway me otherwise?
****So an update- you guys were right. They used this info to low ball. Not only did they come in at the very minimum of the salary band, but they offered me a title below the one I applied for. Chalked it up 'HR experience requirements' not met for the title I originally applied for.
The role and responsibilities dont change though, so as crazy as it sounds, I'm still seriously considering it. Its still a damn good role, regardless of my title. And even with the lower than expected compensation, its still a 10% raise with a guaranteed bonus, which I dont receive today (b/w a 25-30% total compensation bump).
But should the shadiness of this whole ordeal sway me otherwise?
This post was edited on 4/30/13 at 10:27 am
6
Posted on 4/10/13 at 10:24 am to Htown Tiger
When in negotiations with my current employer they asked to see W-2's as a means to see if I was BS'ing them about my current salary.
Edit: I should mention that I never provided the W2..
Edit: I should mention that I never provided the W2..
This post was edited on 4/10/13 at 10:48 am
Posted on 4/10/13 at 10:43 am to Htown Tiger
I just got offered a new job. They didn't ask for my compensation history. Honestly, I don't see how it's relevant. But that's just me.
Posted on 4/10/13 at 10:46 am to lnomm34
Yes, it's to low ball an offer to you. I would ask them why they want to see that and for them to make you an offer based on what they think you are worth to the company.
Posted on 4/10/13 at 10:54 am to guttata
sounds shady to me. Only purpose it could serve is to give them additional ammo in pay negotiations
Posted on 4/10/13 at 11:04 am to Htown Tiger
Now this may work to your advantage if you provide them what is called a "Total compensation package." At my company it is called a Total Rewards statement. It is significantly much more than salary compensation.
Or, you could just say no to providing that info and just say "I will work for your company at $$$ amount/year.
Or, you could just say no to providing that info and just say "I will work for your company at $$$ amount/year.
Posted on 4/10/13 at 12:26 pm to guttata
quote:
Yes, it's to low ball an offer to you
quote:
sounds shady to me
quote:
It's a trap.
I'm screwed.
Posted on 4/10/13 at 1:16 pm to Htown Tiger
Tell them sure. As soon as they give you the salary/bonus #s for all other employees in your department. Report back what they say.
Posted on 4/10/13 at 1:25 pm to Cold Cous Cous
quote:
Tell them sure. As soon as they give you the salary/bonus #s for all other employees in your department. Report back what they say.
He won't be getting that job.Posted on 4/10/13 at 1:43 pm to Htown Tiger
Only company I had do that was a defense contractor that won the contract I was on and they asked all the current employees for their pay stubs from the other contractor. Guess what.. My offer matched my current salary. Who would have thought???
It was either take the offer or lose the job. I took the offer then left 2 years later.
It was either take the offer or lose the job. I took the offer then left 2 years later.
Posted on 4/30/13 at 10:28 am to Catman88
Bump for updated OP.
Posted on 4/30/13 at 10:31 am to Htown Tiger
quote:
But should the shadiness of this whole ordeal sway me otherwise?
Shadiness?
Are you the guy on here with the history of shady stuff?
It's a job offer from an employer. Employers have requested compensation history in order to not overpay for new employees since the beginning of, well, employing.
Posted on 4/30/13 at 11:57 am to Meauxjeaux
quote:
Employers have requested compensation history in order to not overpay for new employees since the beginning of, well, employing.
True, but it doesn't mean that it's not BS. What does my compensation at my previous employer have to do with my value to my next employer?
It's a lazy way to determine compensation and I believe that over time you'll end up with lower quality talent.
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