Anybody experienced with how this works? My current TC is fairly high due to getting into Amazon awhile back when their stock prices are low. Now that since its doubled my TC is high for what I do (300k TC) I dont believe Google can match or beat this but wondering anybody has been through this before and does Google take current TC into consideration as a leverage?#offer #tech #google #salarynegotiation
Stock price going up does not count when calculating TC. Only amazon does that when calculating TCT. You could tell them your current TC or TCT but some say it doesn’t work on Google. Google recruiter told me out straight if I have a competing offer that is out of the normal range then they must see proof. I guess if I were you I’ll tell the recruiter my TCT * 1.x as my expected compensation.
What does TCT mean?
Yeah what is TCT?
You can def negotiate without competing offers if you nailed the interview and team match loved you, source: I just did that. I opened negotiation with my dream number, and they matched it and a bit more in year 1 mostly via equity. Vesting was front loaded, so I negotiated a signing bonus to bridge the comp drop I’ll hit after my first year before my first refresher begins vesting. It’s totally fine to open/give the first number if you aim high and know it can actually be hit (research levels FYI, blind, etc). Frame discussion in terms of how great you are, “I’ve done very well here and my number is: x”. Never disclose what you make or what you need, they don’t care and that info just improves their knowledge to negotiate using. Give HARD NUMBERS (don’t say a range or “about” nnnk, just say the number so they can’t drop to the lowest possible version of your statement) and be realistic, know what you’re worth. Say something like “My number is nnnk, via xxxk base, 15% target bonus, and yyyk RSUs annually.” The recruiter will go to comp committee and you iterate from there.
PS: it’s gonna be awkward, there’s gonna be a silence after you say the number and the recruiter may hem and haw. Don’t cave!! You’ll start wondering if you asked for too much and the offer may be at risk or SVP May reject over it being high. Don’t sweat that! They only offer what they’re willing to pay, and they’ve already decided they’re hiring you. Worst case you’ll just get a counter offer that is lower than your number.
Microsoft, front loading RSU doesn’t mean they like you. They do that to everyone now. I feel like if you have more YOE for the level you are given, they try to front load and make some fake promises saying you can probably get to next level in 2 - 3 years to bridge the gap. We both know that is risky and not guaranteed to happen. Anyway, google has good refreshers so the TC cliff isn’t that bad. Congrats on the offer!
Please share how it goes OP! The more data and outcomes we all share, the better others can negotiate. A higher average TC in the industry is an all around win, “a rising tide lifts all boats” and all that.
Did you use the 95th percentile based on what levels says? It gives median, and 25-75 band with some numbers up to 100.
I recently did this exactly; G’s offer was the same as my current salary, and I’d be down ranking so there’s less autonomy, so no reason to switch. They increased TC a bit so I accepted.
Just so you know, hiring is pretty far down across the board in tech right now, so don't expect to be able to negotiate as favorably as you could have several months ago.
I got L4 offer of 295K TC and that's after negotiations. Stock refreshers will still make it worthwhile to join Google.
Doesn't hurt to ask. I recently joined Google without other offers and I was told Google does not take current comp into account when making offers. However after being offered X, I just said "I really like the team but that is leaving a lot of money behind. If you can get to X * 1.2 then I will definitely join," and Google reached that number. Of course this was earlier this year before all the pandemic stuff went down, so not sure how things are happening now (and my success depended on a strong interview performance and pull from the hiring manager after team match).
It really depends on how desperate to get you. I know of people who managed to get super high offers from Google without competing offers. The catch is that you must be ready to walk out of the offer if they don’t meet your expectations. But seriously, I heard from a few folks that Google sucks bad. If you stay in Amazon, it is not really a bad deal.
why bad?
Get another one since you can get google.
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Some companies would consider what you are leaving on the table when you take the new job but if it is not a highly specialized job they won't negotiate
How does high specialization matter?
It's really if it's hard to fill that type of position.