Tips for negotiating your salary (from an ex-FAANG recruiter)

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Hey everybody, how's it going? My name is Mayuko  and welcome back to my channel where we talk about   tech career and life. So today, again, we're going to  talk about salary negotiations. So i posted a video   recently about Whether to Negotiate your Salary  and so today we're going gonna follow up and talk   about how to exactly do that. And this is from my  conversation that i had with Sarah, who is the Lead   Negotiator at levels.fyi. She was on Muko's Corner,  my show about leading a life that feels more   you in both your life and tech career. Sarah, again,  just has like, so much great information from her   time as a tech recruiter at Amazon, Facebook,  and Google to talk about the do's and don'ts   about how to negotiate a salary. So the topics  covered today will be like: how do you answer what   are your salary expectations, and exactly what  medium is best for having these conversations. And before we get started, i wanted to say thank  you to the sponsor of today's video, Skillshare. As   we're kind of in the mood to like, learn new skills  like how to negotiate your salary, Skillshare is   an incredible platform to learn a lot of great  things. It's an online learning community for   creative and curious people where millions come  together to take the next step in their creative   journey. Skillshare is curated specifically for  learning, meaning there's no ads and they're  always launching new premium classes so you can  stay focused and follow wherever your creativity   takes you. And it's less than ten dollars a month  with an annual premium subscription. While we're   kind of on the topic of money, i found a really  great course for how to build good money habits   Justin Bridges, who's a fashion photographer and  former finance pro, made this course Modern Money   Habits: Five Steps to Build the Life You Want.  The course includes gaining insight about your   current spending habits and then also identifying  small changes that prevent debt and then creating   a realistic plan for retirement. And of course  because i know you all are tech people, or curious   about tech, they have tons of great classes about  coding as well. So check out Skillshare and the   first 1000 of my subscribers to click the link in  the description will get a free trial of premium   membership so you can explore your creativity.  Thanks again to Skillshare and now let's dive in. Mayuko: Okay next i want to talk more about how  do you actually negotiate. Specifically, i have a   lot of questions about this, but i guess like the  first question that i had... i think this was one of   the questions that i really was curious about when we  first started talking was: when a recruiter asks   you what are your salary expectations, what's  the best way, what's the golden answer,   the do's and don'ts of how to respond to that question? Sarah: Don't give them that number. Don't give   them that range, because like i said, the range  is really large. You don't know where you land in   that compensation band and so i would recommend  push back on that recruiter and ask: and you don't have to answer anything either. If you don't know the answer, just let them  know, And then, you know,  usually recruiters are pretty respectful of that.   Another thing too is, if you're in the state of  Washington or California as the candidate, when you   request for a compensation band, legally speaking  they have to share the minimum wage with you   And recently with Denver too, they passed a law where  for any employer, when they post a job description,   they have to mention like, the minimum salary range  too. So the recruiter can push for it, the recruiter   can ask, there isn't anything in place that, you  know, tells them that they can't ask, but as the   candidate you're not obligated to answer that question. Mayuko: that's really good to know. I think in the past, i recommended   to you, all my viewers, that you should say "i expect  to be compensated competitively" which is fine, but   i think, instead, flipping the question to them, because as soon as you put out a number out   there, you basically might already be giving  yourself away at a discount, which is great   for the company, because then they're like "wow we  get someone at this caliber for this cheap, great! let's just like keep going with their number!"  when in fact, you're actually worth a lot more.   Sarah: Exactly, and it's just like, you know, once you  give a number, the recruiter will hold you to it   So if you say 230k in total compensation, they will  give you exactly that, like, nothing more, nothing   less. And let's say you start interviewing  with another company, and they give you 300k.   You can't come back and be like, "well just kidding,  like, now i want 300k". You know, now the recruiter   can say, "wow he came back, you know, and tell me the  other competing offer, which means that he really   he or she really wants this position. I'm not gonna  move the needle, and they will eventually cave and   it's the best offer. You know, if i'm a really  aggressive recruiter, they'll do that. And then   another thing too, when they give you the range,  don't say yes, don't say no. Let's say you flip it  back on them and say and let's say the recruiter tells you, "All  right well the range is 100k-120k, how does   that sound to you? Do you like this number? Avoid saying, "yeah no that sounds great" or   "no that's really low" Keep things a little bit more  open-ended by saying, "that's a really good start" So that yeah, you open that door to yourself to negotiate later. Mayuko: For sure, yeah, it's like you leave it as   lukewarm as possible, for as long as possible is what i'm hearing. Sarah: Exactly. With negotiation, you   want to be... you want to use really neutral  verbage here. You don't want to under   share, but you don't want to over share at the same time. Mayuko: So then at what point do you actually   give a number, or like who's the... who should be  the first one to give a number then, i guess? Sarah: So even at the very end when the recruiter, you  know, shares with you the good news like, "all right   the team really loves you, they thought you do  really well in (ABCD), they see a lot of growth potential   in you," you know, "we're ready to move on to the  offer stage, what are you looking for?" Even at   that stage, i still would recommend: don't give your  number. You want to take this call   to really understand their compensation philosophy.  They can't just be pushing for a number when   when they don't tell you  what goes into it, right? You can't make a decision   without being informed, so push it back on them  and say: "truthfully, you know, i've been really busy   prepping for the interview, i haven't put much  thought into it. If you don't mind...   You know, once they go over everything again,   you can just push it back on them one more time  saying, "you know, this is a little bit newer for me   and everyone has a different compensation structure,  i know i'm not comparing apples to apples. If you   don't mind just sharing the numbers with me first,  it would be super productive or effective or super   helpful for me, i would greatly appreciate it."  Mayuko: it's almost like a game of poker. I'm just like,   waiting for them to fold, just like waiting  and waiting and waiting waiting, and then having   them be the first to show their hand. Sarah: Exactly, and like once the recruiter has to explain everything   for you, they'll just like be i might as well  just share a number now. Mayuko: Right, and like you mentioned, at that stage, you've already gone through the entire interview   process, you got a sense for the company culture,  you got a sense of what they're looking for in   this role, you have their compensation philosophy  together. You can piece all of those together, even,   that when they give you a number, you have the data  and information to be able to confidently say   "Actually, based on what i know and what i've  learned, i think i'm this much instead." Sarah: Exactly, and   you want to do a lot of the asking good questions  during that call. Like asking about the bonus   structure: how does that work typically, when  is the payout, is it once a year, is it twice a year,   is there any other bonuses on top of, you  know, what you guys offer, and things like   that. And for companies that don't offer a bonus,  that's the perfect window for you to use that   as leverage against them like, "hey since you  don't offer me any bonuses, what i want to be mindful   of is inflation, and you know living costs are  just keep going up. So essentially if i don't   take this into consideration now, the longer i  stay with the company, essentially the less my   take-home pay is going to be, and i don't want to  be in a position where salary is a thing for me to   have to leave the company, so i hope you understand  where i'm coming from." They can't say no to that   you're going to be the biggest [jerk] if you  say no after that request, right? Mayuko: that's true!   Use all of that knowledge you learned in  AP Econ to talk about inflation, to talk about   money, and use all of that to your advantage. This  whole conversation of this back and forth between   yourself and a recruiter, recruiter has a hiring  manager and other folks behind them to   make decisions about all of this, but what's the  best format to be having this conversation?   Sarah: Good question. So typically what i would recommend is to do that over via email. After the   recruiter tells you, we would love to move forward,  they go over the compensation structure with you,   perks and benefits, let them know "this is a lot of good  information, let me just take some time to process   all of this and get back to you later. Would  that make sense for you/would that work for you?"   As a recruiter, for myself, it's so much easier  to, you know, kind of follow the thought process   because sometimes it's really hard to like, maybe  when i'm on the phone, someone just pinged me, i   got distracted, maybe they were asking me 140 but  i misheard them and i wrote down 104, for example.   So just to have everything on paper is  so much easier for the recruiter to you know   not make any like, mistakes when it comes to numbers  there. And let's say if i have to get an approval   from their manager, it's so much easier for me to  just kind of forward that email to the manager   or the compensation team. So as a candidate, you  have so much more control over your narrative   because you could be saying the perfect thing, but  communication goes both ways. It's also dependent   on what/how the other side is perceiving that message.  So if this person misunderstood what you were   saying, and this person is relaying all this  information to the team, you don't know what ran   what went wrong in that process, like things can go  sideways really fast. Or maybe this recruiter just   explained something completely off and the  manager, she could take it the wrong way   and that's kind of what could potentially  jeopardize your relationship with the manager.   It makes life so much easier on you to do it over  via email, because a lot of the time too, i i would   see this happen with my friends where they, you  know, i'll prep them like "ask for this much" and   they were like "yep nope i got it" and then we would  rehearse it and then when they're on the phone   they get so nervous that they start to like  discount themselves like "well, i guess like i mean   i kind of want 300k, but like i would be okay with  250" and i'm just like "oh no" i'm just like "oh whattt" The best analogy to think of this too  is when you send the recruiter an email,   and then you have a call with them after. It's just  the analogy of like when you watch a movie, and you   reading the book before the movie is so much easier  to understand, right? Versus if you just watch the   movie and you've never read  the book before, you have no idea what's going on   in the movie. So that's like kind of taking the  call without priming the recruiter, like what   you're going to talk about, and you have to explain  everything live, they're just going to sit there   and be like okay like "i guess it makes sense but  i'm not sure" So email is the best way to go:   easier for you to lay out your thought process  there, much easier for the recruiter to share all   that information with the team. You have so much  more control over your narrative. Mayuko: Thank you all   so much for watching the video i really hope you  liked it. Make sure to check out the other video i   did about salary negotiations featuring sarah, and  if you'd like to just watch the recording of the   live stream i did on Muko's Corner, then you can  become a member today by clicking the join button   down below and get access to the full recording.  My members help make Muko's corner a reality and   also supports me in my channel, and allows me to  do what i do. And if you haven't already, the other   way you can support me is by clicking subscribe. So  take care and i'll see you in the next video byeeeee
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Channel: mayuko
Views: 744,586
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Keywords: how to negotiate salary, salary negotiation techniques, salary negotiation tips, software engineer salary negotiation, software development, salary negotiation, how to negotiate salary after job offer
Id: u9BoG1n1948
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Length: 12min 14sec (734 seconds)
Published: Thu Mar 11 2021
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