Any recruiters here? Question about offers
I am sure it varies from company to company so feel free to share your experience. What happens when the team has decided to make an offer? Does the recruiter propose the initial number and then have it approved? Or how is the number arrived on?
Thanks. This is the kind of info I was seeking. So in your situation if you and Recruiter agreed on comp, then was that all that was needed in terms of approvals as long as the salary was in the pre approved band? How frequent do offers go out at 95% of the top of the band or higher?
“How frequent do offers go out at 95% of the top of the band or higher?” I’d say it’s about 45%-50% of the time or close to it honestly. If they make you an offer, you can likely push for the top/ right near the top of band.
Yes, if the offer is within a band it is rubber stamped as it was pre-approved essentially. It is pretty rare to offer 95% of the band (maybe 5% of the candidates if that). It is a fine line but comp increases work much better as a retention mechanism than offering maximum possible amount and leaving it there.
Not a recruiter, but I was a hiring manager at another company (not RBC, non-FAANG). Usually my headcount is open at a certain level so I have a band and this is an iterative process with recruiter who is working with me. Factors: you want to offer more than the current job if candidate shared their comp, you want the offer to look enticing compared to market for the folks with matching experience but not by too much. Unless you see immediate promotion potential - do not offer close to the top of the band so that I could give the increases at the same level within a band. If candidate is really good - there is a custom political process which is too ad hoc and involved to describe here, it is possible, but unless candidate is really really good you really do not want to get into it as a HM.