My experience is that good, skilled, experienced employees are hard to find. Many companies are willing to pay “extra” for that, above and beyond whatever your standard market rates are… even more so if they’re hiring you away from a position you’re pretty happy with.
I second the advice of setting a firm price.
If I’m understanding you correctly, you’re looking for a change, but are less concerned about a salary increase; you just don’t want to end up getting paid less for your time. Even so, I’d still target a minimum of a 7% increase over your current rate per hour to truly justify the move. However, that doesn’t have to all be in salaried pay: as an owner/operator (or really, any role), that can be in the form of equity, or a higher 401k match %, or whatever.
Yes, this, a thousand times this. I don’t disagree with Angry, but I do think it’s relatively myopic to think that compensation is equal to - and only equal to - the amount of money you are paid.
You require X number of dollars to pay your bills every month and absolutely cannot go below that, but beyond that what else is important to you? If the company only has a certain amount of money budgeted for the position, that’s it, they can’t go up (well, without pulling it from somewhere else), but they CAN provide other benefits. Maybe 3 weeks of vacation per year instead of 2 would be important to you? The ability to work from home one day a week? Two? A better healthcare package? Company car? Expense account?
Not all of these are applicable to every position, but the list goes on. Don’t sell yourself short, but don’t fool yourself into thinking that money is the only way this company can compensate you.[/quote]
Sure, but if a company is not willing to at least hit the base rate, what makes a person think that they’re going to hit the mark on other comps?
I mean saving a few hundred on health insurance is good, but if we’re talking about 45% of a six figure salary+paid OT, they’re going to have to do better than that. Like, way better.
Because people negotiate with what they have. Maybe the person OP is negotiating with has a budget set for the position he can’t deviate from, but it’s within their discretion to let the person work from Home, or whatever. My point is simply to take a step back, look at everything you want, not just one thing, and see if anything th pe other party can offer would address any of those other desires. Sometimes it works sometimes it doesn’t. If oP evaluates, decides money is THE single controlling factor then [shrug] maybe a deal can’t be made. But there’s clearly more he wants, when he says this has EVERYTHING else he’s looking for or he wouldn’t even consider it
Also, according to OP, he expects their initial offer (from which they are likely to be able to come up, if given good reason) to be 125% of current base rate (vs the 145% of base he’s currently making) so this is nowhere near an offer of less than half what he’s making
Just had to fix these quotes. Couldn’t take it anymore.