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re: "What are your salary expectations?"

Posted on 4/29/21 at 2:29 pm to
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
66763 posts
Posted on 4/29/21 at 2:29 pm to
Structured interviews are downright miserable.
Posted by tigerfoot
Alexandria
Member since Sep 2006
56205 posts
Posted on 4/29/21 at 2:40 pm to
quote:

You have a need, they have a skill set. Just do an honest effort getting to know them and sharing about the position so everyone can make an educated choice on an important decision

I gave a smart arse answer. But this question shouldnt matter to the new hire with no experience, you kind of get what you get...you dont really bring much to the table to differentiate yourself. The experienced employee should pretty well know what their value is.

Posted by lostinbr
Baton Rouge, LA
Member since Oct 2017
9297 posts
Posted on 4/29/21 at 2:41 pm to
quote:

It's always better to nut up, be straightforward and give them a number. Do your research and know the worth of the position.

This, pretty much. I think people really overthink this question, especially when it's initial screening by HR or a 3rd party headhunter.

Everyone immediately assumes it's a negotiating tactic and that they are trying to lowball you. Which is true to a certain extent. But there's also a pragmatic element to the question. It costs companies money - and, more importantly, time - to conduct second/third interviews, draft offer letters, and negotiate final salaries. If they have an immediate need, they don't want to waste time interviewing a candidate who has salary expectations 50% higher than the top of the pay range for the position.

If you're interviewing for a ~$100k job, there's little to no chance the company is willing to pay $200k for any candidate. You really have to be at the highest levels, or interviewing for a very specialized position that requires a specific, uncommon background, for that to happen.

So if you're truly looking for $200k, it's likely a waste of your time and the company's time anyway. If you're looking for $120k, maybe it's close enough that you either fall into the salary range or they feel like they can negotiate into the salary range.

Obviously you don't know what the salary range is, which is why you need to have done your research beforehand. Alternatively, if you have a job and are relatively happy - just throw out a real number that would force you to leave your current job and see what happens.

One piece of advice that may help, try to be clear on whether the number you provide is base/guaranteed compensation, or total compensation including incentives. Personally, I like to speak in terms of total compensation and aim high based on my expectation of the salary range. This gives you the ammunition to counter when the real salary negotiations start while also creating a little more ambiguity to prevent you from getting disqualified unnecessarily.

Example: If I think the salary range for a job is $90-110k and I think it likely has a 40% target bonus, that's a total compensation range of $126-154k. I might suggest that I'm looking for $150-160k in total compensation. HR doesn't disqualify me because it's certainly possible to make that much if you have a good year and exceed your target bonus.

Then, if they come back with an offer of $100k + 40% target bonus ($140k total target compensation) it's easier for me to counter with a higher number since I initially asked for $150k. Even if they offer $110k + 40% ($154k total) I can argue that I have no way of knowing whether the bonus is reliable, as a negotiating tactic.
Posted by OceanMan
Member since Mar 2010
19987 posts
Posted on 4/29/21 at 2:42 pm to
quote:

I move a lot for work. And I always explain that I don’t know the cost of living, and I ask them to make their best offer.


You move a lot for work, but seeking job offers to do so?

Are they asking this for internal positions?
Posted by BenDover
Member since Jul 2010
5411 posts
Posted on 4/29/21 at 2:53 pm to
quote:

First, they're going to try to low-ball you based on whatever your salary is now, even if they are external recruiters.


External recruiters get paid a fee based on your 1st year annual salary. They're incentivized to make you more money, not less because it directly effects their pocket as well. You're also going to be less likely to get hired via external recruiter for the same reason.

The dilemma is: If I can find someone on my own who can do the job for 100k or a staffing agency send me someone who is "better" who wants 120k + 24k fee (20% is the standard), are you 44k better than the guy I found on my own?
Posted by Lima Whiskey
Member since Apr 2013
19111 posts
Posted on 4/29/21 at 3:03 pm to
For internal positions, it’s usually take it or leave it. They have you over the barrel.

They’ll make an offer, and that’s it.

quote:

You move a lot for work, but seeking job offers to do so?


I do enjoy relocating and seeing new places. And that’s part of it.

It’s largely driven by my desire for advancement though.
Posted by Areddishfish
The Wild West
Member since Oct 2015
6277 posts
Posted on 4/29/21 at 3:18 pm to
Posted by canyon
Member since Dec 2003
18310 posts
Posted on 4/29/21 at 3:19 pm to
High. Very high.
Posted by stelly1025
Lafayette
Member since May 2012
8495 posts
Posted on 4/29/21 at 3:33 pm to
quote:

Data Science, Big Data, Market Research

I was the #1 top of the ladder in the Data Science/Analytics department for a major broadcast corporation in 2019 and 2020 before being let go due to budget cuts.

Usually data scientists with my experience(7 years of data science experience, 4 years of management experience) can command salaries of $130,000+ even in low cost of living markets.


You just answered your own question. You know your range and about what you should be paid. Tell your number and if they counter offer with something unreasonable than walk.
Posted by CSB
Member since May 2014
1202 posts
Posted on 4/29/21 at 3:34 pm to
.... Smoke him.
Posted by Breauxsif
Member since May 2012
22290 posts
Posted on 4/29/21 at 3:44 pm to
quote:

Data Science, Big Data, Market Research

So you can write scripts in Python and SQL and implement Bayesian and Markov chain analysis?

Would you use DBSCAN or K-Means as a means for a suitable approach for a clustering problem, or which out of MaxEnt/CRF, which is better for NLP tagging?

If you’re a data scientist, you know your salary requirements commensurate to any years you have working with real world data in this space. Yet, you come here and ask the OT for salary expectation advice?
Posted by The Boat
Member since Oct 2008
164076 posts
Posted on 4/29/21 at 3:47 pm to
Gotta be tough finding a job in Vegas with "BTFO'd by Caesars security" on your background check.
Posted by Bosethus68
We Call It Dat Boot
Member since May 2011
4958 posts
Posted on 4/29/21 at 3:56 pm to
When asked this, I add $2-$3 to my current wage and tell them than number and say I’m not making a lateral move for just a few dollars more. It helps negotiations for PTO and other benefits if they are actually close to your price range.
Posted by Sev09
Nantucket
Member since Feb 2011
15555 posts
Posted on 4/29/21 at 3:56 pm to
I always give a salary range with the bottom end much higher than I think they can do. And to my surprise, they always come back a little above that bottom number.
Posted by blzr
Keeneland
Member since Mar 2011
30097 posts
Posted on 4/29/21 at 3:57 pm to
Are your terrible sports picks not making money?
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
70906 posts
Posted on 4/29/21 at 3:58 pm to
Where are you looking? Indeed, Monster, Careerbuilder, etc?

Just curious. Haven't even looked passively in a long time so I was wondering what the best sites are these days.
Posted by fjlee90
Baton Rouge
Member since Nov 2016
7832 posts
Posted on 4/29/21 at 4:07 pm to
“Here is where I am at currently. This is my total package (benefits, retirement, bonus, stock plan, etc). This is my experience and what I was expected to achieve previously. If we are looking at a comparable role (which you should be) I expect the company to submit a commensurate offer. However, as the offer depends on the total rewards package, not just salary, I am open to negotiations.”

If you don’t need the job, hold out for what you are worth. Know your value.

If you need the job, accept what you need. Beggars can’t be choosers.
Posted by Woolfman_8
Old Metairie
Member since Oct 2018
2072 posts
Posted on 4/29/21 at 4:36 pm to
I respond with “I’m currently making x plus stock options, it would need to be x amount more for me to consider making a change”

Posted by AndyCBR
Baton Rouge, LA
Member since Nov 2012
7543 posts
Posted on 4/29/21 at 7:04 pm to
quote:

I think the intent of the question is to ensure that it makes sense to request time from the hiring manager to speak with you. It's just checking that box more than a negotiation.

Just tell then what you make and that you're looking for an increase. Follow by saying that you want to focus on vetting whether this is the right next step in your career and that the hiring manager sees you as the right fit for the job.



I disagree.

The going rate in a particular market is well known and the recruiter "playing dumb" is feint.

What does it matter anyway. If the employer is willing to pay then make an offer. The applicant can either accept, counter, or reject. There is no risk.

Pre-negotiating salary prior to an offer or even first interview taking place is an invention of lazy HR people and is something I'll never understand.

Posted by Tdogg78
Member since Aug 2018
146 posts
Posted on 4/29/21 at 7:56 pm to
You are a data scientist......but cannot data mine the best answer to the question?



I would turn you down for the job as incompetent.
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