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Here are some details for you all, I'm curious if I asked for a right number or not:
I was out of a job for roughly half a year before recently interviewing with a company. The position is for a 6 month, part-time, 30 hour a week deal with the possibility of extending up to 40 hours a week, but not past. There is a possibility of turning into a full-time employee position after 6 months.
Previous job details:
-$40,000/yr salary
-health/dental/vision insurance (basic cheapest plans for a single male)
-2 weeks paid time off, 1 week holiday
-no 401k, stocks, or bonuses
Given these details, if the interviewer asked you to give them your expected salary based on a $/hour rate, what amount will you give and why?
Assume you are not hurting for money in the short-term given a large amount of savings, but that being out of work for that period has made you slightly desperate to find a job haha. Also assume that the new job title is same as your previous job and within a similar industry and location.
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Do you know what benefits they are offering?
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I would ask for a bit more, then negotiate down to the same, always start with what you would ideally want, then negotiate to what you had.
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Companies ask simply to find out who is cheaper. If Candidate A is experienced and asking for $45,000, Candidate B is less experienced and asking for $35,000, and Candidate C is moderately experienced, and asking for $40,000, the company will generally split the difference with Candidate C.
So it's not really about saying the "right" price, because you're not privy to the other candidates, or to what the company is hoping/willing to pay.
I don't know how long you've been out of a job, or how long you were in said previous job, because that will play a role. If you're 30 years old and were in your previous job for like 5 years at that salary, obviously you would try and command more money given the experience on the job. Less experience, less of a potential increase. But that's mainly the gist.
Given that you said it's basically the same job, same responsibilities, and in the same industry, and I assume that you were comfortable living at that salary, if I was in your shoes, I'd have asked for $20/hour and continue looking for something else (given the temporary nature of the contract).
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I would see if there is any published salary information for that position with that company. Also compare to similar positions at other companies.
The interviewee looking for a per hour rate seems odd, though, unless it's the norm. Oh, wait, part time, right. If it's on par with your last job, going with $25 an hour seems reasonable (to compensate for any benefit differences) but you could try for more initially and gauge their willingness to negotiate.
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I wouldn't aim anywhere specifically, but would twist their arm pretty hard to get some date set in the not too far future where my entry level salary is reviewed and increased by X if they are happy.
In the companies I have worked, it was actually pretty easy to substantially increase the salary via promotions and kick-ass performance reviews.
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I'd be like "I expect to get paid top-dollar, and for the board to elect me and an unofficial adviser to the CEO for a salary of 50 million dollars a year, and free travel on a private jetliner."
and then they will hire me just for my candid honesty.
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@HardlyNever- No benefits as its a part-time position
@Balrog- Tried to do that, my target was $45k, I just wasn't sure at that moment how to translate that to a $/hr rate taking into account lost value in benefits, vacations, and lower hours per week. Some research shows that people have differing thoughts on the % increase in premiums to make up that value plus tax implications (ranging from 20-30%, or way higher 0_0)
@Divito- I asked for $26 and received $26, the easy acceptance made me think I lowballed myself. I was out of a job for half a year, my previous job lasted 2 years.
@Felisconcolori - Yup, close to what I asked, their response made me think I could have gone higher. Wished I started higher to negotiate to a lower amount.
@Rimstalker- It'll probably be reviewed in 6 months when the contract is up.
@ninazerg- I tried that, but they countered with a negative 100 millions dollar a year salary so I had to settle for somewhere in the middle.
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so is how is 26$/h in usa? for germany it would be good, for australia it would be shit
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On June 25 2013 05:17 pokeyAA wrote:
@ninazerg- I tried that, but they countered with a negative 100 millions dollar a year salary so I had to settle for somewhere in the middle.
Counter with a 200 million dollar a year salary, then you can meet in the middle at 100 million.
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EPT
