How To Negotiate Compensation Like A Boss
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- čas přidán 1. 08. 2024
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Your greatest negotiating tool is the ability to say “no” and walk away from an offer. If you can’t come into a negotiation with that, you can’t negotiate. Thanks for the interview, it was helpful!
Amazing and so true
The best way to negotiate is to have another offer (preferably a better one). I was amazing at how much FAANG companies are willing to one up each other and significantly boost total comp.
Two most important things I learnt:
1. Get rid of scarcity mindset and have courage to reject the offer. Companies don't care about you so why care about your "dream company"?
2. Know what your manager and his manager wants from you and do it nicely and communicate with him. Repeat it continuously
Thanks cousin Steve! Many skilled engineers frequently struggle with self-promotion and fail to capture the attention of executives. You always bring quality contents, a true inspiration.
Just read the #16 newsletter, beautifully written. You have an incredible ability to distill information and communicate it. Happy birthday Steve!
Some practical advice for other job seekers in tech (and other fields too):
* Never share your salary expectation range first.
* Instead, let the company share a salary range, and then you can tell them whether that's acceptable.
If you share your numbers first, they will anchor against it.
This video is pure gold. Thank you.
Great tips. These have 100% worked for me - both saying no when I had no immediate alternatives and working on increasing comp during interviews by making a plan with my future bosses.
I've compiled some other things that worked for me on the chan.
Appreciate. It is very important topic for everyone. Great content.
Thank you, uncle Steve. Need to negotiate something tomorrow, so this find is very useful! 🤘
Your channel provides a nuts amount of value, honestly
I'm a SWE that's been feeling pretty burnt out lately but every time I sit down and watch A Life Engineered video I feel inspired to put work in to make my situation better
Thanks for the great videos man
Great video as always man!
Don't forget visas and work permits as factors reducing a person's ability to hold out for a better offer.
Great videos. I truly hope that I can put at least some of it in practice. Regarding salary... what should I choose: an offer right now at an outsourcing company (good salary increase, but essentially selling time for money) OR I should wait for a position at another company that I would love to join? I passed all the interviews successfully, but there are no more open positions for senior engineers, but it is "guaranteed" for one to become available... but it could take months
Awesome video.
Thanks!
Most helpful. Came here after kicking myself for not negotiating well for an upcoming project. I feel armed and dangerous for the next project! Thank you.
Tesla paid $300K for a 6 years exp ? thats a BS!!! as a former Tesla employee , even Senior Managers dont get paid that much in Fremont CA.
A lot of new people at my company tend to sell themselves short and under communicate. Should always be advocating for yourself!
Timely video. I was literally talking about this topic with my sister a few days ago... I have a request though, could you make a video about effective communication as a software engineer? How to communicate to persuade to implement a tool, communicate processes to team members or non technical folks, doing a presentation, etc. I have noticed that soft skills become more important the more senior you are, but I am not sure where to begin in that area
Bring them on a journey with you to come to the same conclusion as you have.
hhmmss: 12:35-14:05 great communication skills distilling persuasion choice
Your thumbnail is a hit this time
The hardest thing in negotiation is estimating the salary range which is not so clear in many companies outside of US.
Wish I would have this context before I join big tech...
Haha that's what I told my mgr and sr mgr. "My work speak for itself"
Looks like Ryan Reynolds also negotiates comp in addition to investing and running companies, and movies.
The professional negotiator: Yes my client will work weekends for an additional 20% pay. Win win 😂
The sheer amount of value that you're pumping out, especially for jr devs, is honestly immeasurable
Hey, I will prob get an offer for team lead at my company tomorrow so I would love you get in contact with Rora, I signed up for the news letter but don’t see a way to contact them directly, Steve can you help?
There's a button on the center of the page that says "Learn You Market Value" where you can schedule time with them.
I have 8 years of xp mostly low impact internal tools for companies in the middle of fortune 500. Do you think I can get into faang? I have a genuine desire to drive impact and grow my skills but that just hasnt been the hand I've been dealt. I'm working on my interview skills now. I have a meta interview coming up but im concerned I can actually get on at the level they submitted me for (E6).
How did it turn out?
@@PelosiStockPortfolioPoorly. When they announced they are no longer doing WFH I dropped out. Not interested in moving to the bay area. I'm now doing startups instead.
Do you negotiate if they give you what you asked the first time?
Yes but you made it way harder. The best thing to do in that spot is to get another offer/counter offer and use that as leverage to ask for more
99% of this works only in Bay area tech companies.
Privileged American don’t understands a concept of laid off as a visa worker, which is common for Chinese and Indian to be in worker visa status for more than 5 years.
Are you a DJ or a helicopter pilot?
I have worked with rora, please avoid them at any cost
That company is predatory to charge that much, all these skills can be learned for free.
The problem is that every company in the industry pays about the same rate for the same jobs and has zero incentive to pay you more than that because they know you can't get more elsewhere either. The only way to get a significant raise is a promotion.
This is more true is you are working in public government but private I believe there are more drive and room for added values.
The video had a lot of information that shows how you can negotiate/engineer your compensation, both at new hire as well as down the road, to break out from being the same as everyone else. My take away is you can shorten the standard cycle of time for promotions by specific written communications at each step of the way: prehire, ongoing work, and future work/accomplishments.
Has this become a sellout channel? what's going on?
two problems with all this stuff are that engineers in general are awful introverts (and they'd rather take a cut than have to do this dance with interviewers or negotiators), and they have an awful imposter syndrome, they simply don't believe they're good enough. The fellow talking recognizes none of these.
That's why being a middle of the road engineer with great social skills is almost always more valuable than being a high end engineer with terrible social skills
first
This guy have something in his eye?? The nonstop blinking is distracting
'promosm'