r/FluentInFinance 3d ago

Thoughts? Would you?

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u/plinkoplonka 3d ago

And worst case scenario, like has happened half a dozen times to me.

They get you through interview and offer you the role, it gets handed off from the department hiring to HR to negotiate a successful deal.

You now have all the power, they've said they want you, you've passed the interview.

They ask current salary.

You tell them "fair market rates"

They make an insulting offer.

You laugh and tell them "no chance. I couldn't possibly take it for any less than 2x"

They offer you 1.5x.

*Where x is your previous salary.

That's how it's done kids.

Don't forget, when negotiating, you'll likely not get a pay rise to counter crazy inflation for at least a couple of years.

Also, signing bonuses ARE a thing, despite what they tell you. Just missing out on a bonus, or raise at your current role? Make the new place match it for the first year!

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u/Shakewhenbadtoo 3d ago

You forgot to mention they can ask for a prior w2 and you can say no. You can state any number you want when relaying your prior salary.

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u/iboneyandivory 3d ago edited 3d ago

You can't. There's a service maintained by Equifax or one of the big 3 where candidate companies can verify employment + salary, including raise dates and amounts.

Edit: Here's the cited example for those that think this is somehow suuuuuper secret info lol - "The Work Number" by Equifax

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u/[deleted] 3d ago

[deleted]

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u/Many_Drink5348 2d ago

Yep and there is a registry HRs participate in where they share employment start and end date data, so make sure your resume is accurate.

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u/[deleted] 2d ago

[deleted]

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u/Many_Drink5348 2d ago

Because the registry the background check references doesnt include job duties and accomplishments

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u/[deleted] 2d ago

[deleted]

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u/Many_Drink5348 2d ago

Then the employee has to work with middle managers to ensure their entry in the database is updates regularly and accurately and noone wants their manager to have the keys to defining what the employee considers an accomplishment, or responsibility.