Salary Requirements? TCP
Hello everyone! I’d like feedback on a potential misstep I may have made with a recruiter...
Recruiter asks: (in a series of questions I’m asked to give a written response via email by an EOD deadline)
What is your salary requirement? Please give a specific number. Additionally, what is your requirement for stocks, bonus, and perks?
I am aware that the company has such things like stocks which are vested on a time released basis, I’m not entirely sure how it works - however- as most companies they play games with job titles - had I not had an “insider” I would have had no idea how the job is classified, and would have no idea what level it is. Most people would never know if applying blindly to a company.
I could find no corresponding job title on Glassdoor, PayScale, Paysa, TeamBlind, etc. as I am new to the field, and industry, I really have NO IDEA. people are generally so guarded (for no reason- we will never have pay transparency, or close the gender gap) about salary, stocks, bonuses, etc. and I have found that people are generally untruthful...it is hard to find a reliable source....I know people in the same job (not the position I am seeking) with similar education/experience who (say) they are making wildly different numbers.
So I replied...
Is it possible for you to give me a salary range for this position, and general parameters for stock, bonus, etc?
And then....crickets. Wrong answer?
Anonymous
03/31/20 at 11:56PM UTC
Hello!
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User deleted comment on 02/08/20 at 9:25PM UTC
Anonymous
02/07/20 at 3:37PM UTC
I’m not sure what state you are in, but in California employers are required to give you a range if you ask. The law was changed because women and POC were being pressured like this and that’s how the pay gap has gotten so large. Yes, have some sort of idea what you’re worth and what the position should pay but you don’t know the company budgeted for the role. A lot of employers here won’t give you a range still, even though it’s been the law for over 2 years, but I don’t think what you said was wrong. You could follow up by saying something like: “I’m more interested in finding a position that’s a good fit for my skills and interests. I’m confident that you’re offering a salary that’s competitive in the market.” That worked well for me in the last interview I had.
User deleted comment on 02/07/20 at 3:36PM UTC
User deleted comment on 02/07/20 at 3:36PM UTC
User deleted comment on 02/07/20 at 3:35PM UTC
Barb Hansen
Startup Product, Growth & Strategy
9.66k
02/05/20 at 9:28PM UTC
What job title are you applying for? It seems odd that you can't find a similar job title on Linkedin or Glassdoor.
Many jobs have a huge wage range depending on the size of the company, the industry that company is in it and how a particular company or division views its staff. In my field, there can be a 1.5x difference between wages depending on the company and the industry for the exact same job title.
Here is what I say when it comes to salary: "I need to be in the $X to $Z range and we can discuss how salary, bonuses and stock work together to get us to the range."
In regards to you not hearing back from a recruiter, I would follow up with another email with your wage range.
Anonymous
02/05/20 at 11:14PM UTC
It is a FAANG company, “internet”, more than 50k where I’m located, and locations worldwide. I am applying for program/project/product roles - this particular role has a funky title: program manager, customer blah blah blah (it would not be apparent to an outsider what level it is, or what job family it is- this job happens to be within HR)
In general, program/project managers salary range anywhere from 67-197k. I find nothing that is specific or consistent about how much people get in terms of stocks or bonus...some people say 20 stock, other people got 100+, some people got 20k bonus, others got 50k+.
It also makes it hard to give a number when....I am coming from a different field, my education is different, I haven’t worked in sometime. But....I do have a graduate degree, and a PMP (completed this past August).
Thoughts are appreciated!
Barb HansenStartup Product, Growth & Strategy
9.66k
02/19/20 at 9:44PM UTC (Edited)
Does the job description list the # of years experience for this job? That might help you determine what level the job is at. 2 to 4 years experience (on the lower side of compensation) - 5 to 10 years experience (on the higher side of compensation). Then I would factor in your experience (grad degree, PMP, experience in business) .
I would also focus on the program management job title. If the job is program manager, customer Blah, blah, blah, then focus on program manager jobs for comparison. You will get lost if you try to compare Product wages, vs Project wages, vs Program wages.
There are differences between Product, Project and Program Manager job descriptions and huge differences in wages (even though some companies push those jobs together). A Product Manager job that needed a mid-career employee would pay A LOT more than a Program Manager job that needed a more junior employee. And sometimes companies with a strong Product Management team, don't need to hire senior Program managers, so again, check the years of experience on the job description.
I was a Product Executive in the internet space for +20 years (now a COO/Co-Founder of a startup) and I have hired many product, project and program employees over the years.
Anonymous
02/06/20 at 4:05AM UTC
Thanks for that feedback. I am guessing that is why there is such a wide range in the salary - this company lumps project/program together. I am still confused as to how to translate my skills/experience, degree (in a different field), cert, in this field and then give an accurate ask.
Similarly- new grads coming out of school have been getting astronomical numbers. I’m not sure how they come up with those.
Also- not being in the tech space and never having company bonus/stocks, not sure which number to push higher.
