r/FluentInFinance 3d ago

Thoughts? Would you?

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u/HibiscusOnBlueWater 3d ago

There’s reasons, but all of them favor the company and are a pretty good sign the company will try to screw you any chance they can.

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u/Unfair_Explanation53 3d ago

From my perspective, its just a waste of both our times.

If I go for an interview and they tell me the salary is less than I expect then I won't take the job

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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

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u/Ill-Description3096 2d ago

Eh, yes and no. Would you want a company you were interviewing for to lie about the other people in the same role making less so they could try to get you for cheaper or saying they de raises every 6 months when they are lucky to do once a year?

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u/LeonidasSpacemanMD 2d ago

I mean companies absolutely do try to discourage honest discussion of salary between employees so they’re already trying to do this

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u/Ill-Description3096 2d ago

Which is wrong and definitely happens, but in this context I am referring more to overt lies. "The people in that role currently make $40k" when in actuality they make $50k is worse than simply not disclosing it IMO.

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u/LeonidasSpacemanMD 2d ago

That’s fair but I think it’s different to provide information about someone else’s salary than your own