I have a offer from cisco for software engineer, grade 8. The hr is asking me for salary expectations. Not moving ahead unless I give a number. How do you handle that? Where to start? Any tips to negotiate? Current tc:160k
Pick the lowest number that you would accept and then pick a dream number that you think you’ll never get. Average them and ask for that. Also ask for a bunch of rsu
What does it mean that they won't movie forward unless you make a salary demand? Just tell them you don't know the break down in Cisco's pay philosophy between salary, bonus, stock and it's not fair to them for you to try and guess. Say you like the company and the opportunity, and would love to move forward - Cisco should make an offer that is in line with their compensation structure and in line with what they know about you based on your interview performance and resume.
iMo the first person to say a number sets the table.
It's unfair for the company to expect you to say a number first. They know exactly what they're paying all their current employees, they buy salary surveys to calibrate themselves, they have your resume, they know what they budgeted for the job they're hiring you for etc. It's such extreme information asymetry that they really have to make the first offer.
Years of Exp ?...Grade 8 has a range and based on BU you can get RSUs or no RSU... TC - Base + 12% Base ( Target Comp ) + RSU Target comp is 12% for meet expectations..It can go 16-20% as well... Also which BU and location ?
To be honest, it will be darn near impossible to beat your current total compensation of $160K at grade 8. You would need a good bonus multiplier and to be awarded RSUs every year, both of which aren't guaranteed even for strong performers. As for HR, ask them for their expected salary range. They won't make a fuss about you not sharing your expectation if they refuse to share theirs. If you still need an excuse not to give a number, say your expectation is in line with market and you can be more specific after learning more about the opportunity through your interviews with the team.
I think they can match his current comp but going beyond that is a bumper
get atleast 2400+ rsus .... thats ur best bet to increase tc ...
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Find out top end of the range of that level. If that is 100k then suggest between 100k to 110k (add 10%). Just note there is a chance they might not think you are worth it. So only do this if you want top dollar and you are okay with walking. If they come back then it’s a good sign. Alternatively get competing offers.
Find that from glassdoor?
Glassdoor, levels.fyi, or here