How to negotiate without competitive offer and promotion in near future at my current employer ? I have -an offer from a company A -in last round for company B -and just starting the process at company C If I accept company A’s offer and then sign formal offer. And then if I get company B/C offer. If want to go with company B/C- is that okay? Can you do that? Will it burn bridges at company A or just the team? In case if I don’t want to go to company B/C but offer is more than company A then can I renegotiate already signed formal offer with company A? Current TC - 160 Company A New TC - 270
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Figure out what you actually want first. Assuming it's company A, you tell company A that you're about to complete the final interview for company B, and are in the middle of a loop for company C, but your preference is to work for company A. You then go on to say that if company A can increase their offer to {insert desired TC} then you'll accept their offer and cancel the other 2 interview loops. Remember, they've given you an offer. That means they've already invested resources into you and have committed to hiring you. They don't take these decisions lightly and they expect negotiation. You won't scare them off. The worst that happens is they say no, in which case you better hope you do well in the other 2 interviews and actually get offers to use as stronger leverage. The most important thing is to know what you actually want, ask for it, and have a plan for what you'll do if you don't get it. Are you willing to take B or C offer if A won't budge? If A accepts your proposal up front will you actually be happy and cancel interviews with B and C (you should)? Figure out what you want and what you're willing to accept and then just go and ask for it.
Thanks for your insight. Really helpful.
Spot on. My recruiter friends have advised me to do this as well in the case of no competing offers
To start with, you do not need another offer or promo to negotiate if you set proper expectations at the start of the process. Yes, you’ll burn bridges with the company, the team, and the recruiter if you sign the offer and then withdraw for a higher offer elsewhere. Same if you try to pull the “I have a higher offer in hand” after you’ve signed. The right move is to say “thanks for the offer. I have two other interviews to complete before I can make a decision.” How the company responds will tell volumes about how their culture. On one hand they may work with you a date for your decision or they will pressure you with threats and BS to sign immediately. Personally, I’d rather work for a bit less TC at a company that treats me than the one that does not. Good luck!
Makes sense. Appreciate your guidance. Thank you!
Agree with @ikg. But word of caution. How HR treats you could be very different than actual culture within your team.
Yes, you do not have to have multiple offers. Just be honest with what you want with a fair number. If you did outstanding in the interview, you could stretch a justifiable over what you were expecting. If they have said yes to you. They really want you
And yes, nothing new if you accept and reject it later. You are not the first person that would be doing that.
Did company A give a deadline for accepting?
What’s your YOE? Reneging will typically burn bridges and I’d only do it if I got an uplevel or if there was some huge comp disparity
That’s not true. If you are good, the company knows the candidate can make it to many other irrespective of the YOE
Disagree with IBM, "going back to negotiate accepted offer" mean HM would've likely already stopped search for a candidate after you accepted - it's not wrong from a logical perspective (as you can make the same "Company will not think twice before laying you off" argument), just wrong from a ethical perspective. So yes, you'll likely burn the bridges with HM/Company - the decision has to be based on "Is the new TC worth burning bridges?" as Amazon said.
You could literally tell your situation. Tell them you are in last round with another one, or even better just waiting on offer from other company. If they are impatient they’ll ask you what you need to sign right away. If not, you can wait it out and see how it goes with other company. If you are at offer stage, most likely they won’t say no because you asked them for more time. It’s totally fine. If they need you to sign quickly, they’ll make that clear. Normally I tell I’m interviewing with multiple companies right from the beginning. Keep everything transparent. This becomes a strong case for negotiation even if you have just one offer in hand. Also reneg totally depends on how badly company wants you. If your offer from company you want to go to is less, then you can tell that you really like to work there but the offer you have other offers that are better.Worst thing, they’ll say no. But you won’t burn a bridge for sure if you are telling them upfront.
1. Tell them what you want to be paid 2. Say no if you don't get that
I think it's better to give an insanely higher number first, then negotiate down to your desired number. You might even end up with a number greater than desired.
When a candidate gives me a clearly bull shit number; I don't often bother countering.
If one of those is Tesla, pass on it. They historically pay way way less and you don’t want to work for musk.
I am not sure it is a good idea to say you are waiting for another offer. In my opinion, I think that would invite them to say “well we’re not interested in negotiating. We don’t wanna get into a bidding war that kind of thing.” What I would do is find ways to slow offer A down. Eg “I’d like to visit the office sometime? Ok sure when? Well, I’m key on this huge project which is shipping in a week and a half so can we do it then?” Or Similarly “I’d like to meet the team” or “can I meet with the PM to discuss fit”. Also, salary negotiation is all about your value. So do Research on levels and have data about why your value is X. Aim a little high so when they counter it will be what you are really targeting. Finally tell the other opportunities that you have a written offer. That will accelerate their decision and make you look more valuable . Apologies if I am repeating Prior responders - in a rush here!!
I respectfully disagree. As a candidate, I think it’s important to be objective and transparent. Let them know what your intentions are upfront. For example, my last job search, I informed all three companies that I was interviewing with of my timeline and when I’d make my decision. I kept them informed along the way as I progressed and reiterated my timeframe as I received offers. I told them that I need gather all the information before I can make an informed decision that is best for me. All three companies respected that. If they can not respect that, you probably don’t want to work for them. I ended up getting offers from all three companies, and had a hard time deciding, but that’s what it’s about, having complete information to make an objective and really quite subjective decision. I think in the end, all three companies appreciated the process and probability valued me more as a candidate than if I had been vague or less informative to begin with.
Maybe you should buy a negotiating service like Levels Fyi.
They send you two draft emails for a thousand dollars. Waste of money
I got more than two letters. I got at least $100k per year bump. I also learned stuff to use in the future. Granted I am at the Senior Staff/ Principal level (TC $500k year). But even if you get a mere 1% bump it will pay for itself in One year. I used the deluxe option. There were two levels of service I choose the higher one. The guy I spoke to was a recruiter at a well-known tech company in the Bay Area. They would have great advice on exactly the questions you ask because they deal with that kind of stuff every day as a recruiter