Ryan Murphy
Engineering Manager at Yelp | Author | Creator | Coach
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If you're interviewing and the company are talking up their bonuses in an attempt to compensate for a low salary...That's a red flag. You aren't getting that bonus at the end of the year, I promise.
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Nate Taylor
Manager, Software Engineering at Skillable
4mo
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I only ever base my decision off of base pay, in part because I've never had a bonus that was both transparent and within my control. I have had some bonuses that were completely transparent, and if I showed up did nothing, or worse yet, did active harm, it wouldn't move the needle on the bonus.I've had others that were dependent on me but not in ways that were ever explained, it was more "You did a good job this month, here's a bonus" with no clue how that month was different than any other month.
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☇ Peter Street
Software developer
4mo
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I'm looking at the moment, and recently turned down a company with a "guaranteed 15% bonus". I asked was it in the contract. They said no. I said it wasn't guaranteed and I wanted it included in the salary. They couldn't do that. Totally agreed - if you get a bonus, it's a bonus. Some companies pay them. Don't budget on it, don't depend on it, and don't expect it.
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Katja Obring
I help teams drive quality through testing what really matters. | Trainer | Coach | International Speaker | Author | UKITB
4mo
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A friend of mine called it "imaginary money".
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Marcus Carvalho
Senior Software Engineer | .Net Core Backend engineer | Frontend developer in Blazor, Angular, React | Mobile developer in Flutter | Software Architect | Microservices
4mo
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I was unhappy working for a huge company, and I was offered a job in a "cooler" company with career plan, bonus, etc.I asked how much the bonus was in previous year and thet say they could not give a rough estimation because it would depend on several metrics, and stuff, etc.I was naive enough to believe in the company and I left the job I was unhappy to join this company with a paycut of almost 30%.Then:1) I found the bonus was paid only after two years in the company.2) I moved to this company only 3 months before the union agreed salary increase, and although they were paying me the "base salary" (for my position) I did not get the full raise, they gave me 1/4 of the raise (which is legal, but come on...) So after the 3 months I was making below the "base salary" 3) The career plan was a joke. Pretty much you were evaluated by your team, which is fine, but there was an incetive to make your colleagues look bad, so you can look good 😁 4) The company planned a huge party to celebrate its 20th anniversary, but employees need to pay to go to the party, and there was a strong push to people to go to the party. " If you don't go, you don't care about the company" .10 months after I was out.
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Ilya L.
Product Engineering Leader
4mo
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exactly....especially if part of it is based on "company performance" aka a complex made up formula they change every year
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Robert Rupp
I help introverts over 40 build influence & authority.
4mo
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Not one company I’ve worked for that touted the bonus has ever paid it. But they talk about it every quarter and keep moving the carrot further to keep you working toward nothing. The oil and gas company I left? I left after they made me present my 5 year team member a gift card for $100. I’ve never been so embarrassed to hand out such a poor reward. That’s what that bonus gets ya.
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Garrick West
Technical Coach & Software Crafter
4mo
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I always assume that the bonus is a lie*, so if it shows up in my bank account I am just pleasantly surprised. *Note: A lie for non-management.
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Craig Whiting
Placing Exceptional Technologists with Exceptional Companies | Technology Recruitment Expert | Talent Attraction and Retention Specialist | Investor
4mo
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Not 100% accurate, it depends on the firm. Some (admittedly few) companies, particularly hedge funds have heavy bonus culture and bonuses are guaranteed across the board. But yes, banks, commercial firms etc, you need to prioritise base.
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HARSHDA RAWAT
Sourcing and Merchandising
4mo
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So true - those who talk bonus to compensate the salaries - they are the same people to talkpoor business / poor revenues and profits at the time of bonus - they are the first one in queue to start warning of a poor upcoming bonus even 4 months before bonus
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Mal Boston
Head of Platform Development
4mo
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theyll always find a way out of worming out of that bonus.ive had one bonus in 22 years, one.
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Did you know that a good recruiter can often negotiate a compensation package that will meet or exceed your expectations even if it is above the client's set range? 🤔 The next time a recruiter reaches out to you (especially if it is me) 👋 , and the salary range has been provided, but it falls below your expectations 😢 , here is a different way to consider replying:"Thanks for the information, but I would not consider leaving my current role for anything less than $xxx" 🏆 👏 Don't be scared 😨 to set your expectations and don't let a preliminary compensation conversation derail you. Let your recruiter do the heavy lifting 🏋♀️ . If you are checking all the skills boxes for a client, it is fun to watch those pockets get a little deeper! 🤑 🤑🤑Tier4 Group #tier4group #t4g #flashthe4 #compensation #salary #negotiation #jobs #jobsearch #recruiterlife
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Samantha B. is an Influencer
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No point in being mysterious. 🕵🏽👀💰Compensation should be discussed in the initial conversation. Getting onto a prescreen? 🚫Don’t hang up until you let prospective talent know what the salary and package looks like.Your candidate is running past the high-end of range? 🛑 Don’t move forward until you clear salary expectations with the hiring manager.I’ll never forget the 90 minute commute to get to a job interview only to leave frustrated that the compensation was significantly lower than what I was currently making! No need to waste anyone’s time. It’s all business so share the info out of the gate.
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Tyler Finn
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Are you looking to re-negotiate your #legal salary, or worried about how to approach the #salarynegotiation once you've gotten the offer?Earlier this year, SpotDraft partnered with In-House Connect to launch an open, free, interactive salary database (link in the comments).Now, Akshay Verma, our COO, is sitting down with Komal Mehta, Senior Counsel at Pipe, and Rachel Olchowka, Chief People Officer at Fetch, to ask them for their top tips for salary negotiation!Link to register for this webinar (which is open to all 😁 ) is in the comments.
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Will Cairns
Director at Okapi Legal Recruitment
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Salaries matter. But can bonuses make up for a lower salary offer, and how much is a bonus viewed as part of your pay?I have been involved with a few senior hires recently where basic salary and bonuses were a point of discussion. Some firms offer lower bonuses whereas others truly believe in their incentive value and review them regularly ⏩ In my experience, regardless of the benefits attached to an offer, including a bonus, if the salary does not meet the opportunity it makes for a difficult hire. However, where firms can't offer a higher salary, a bonus can be a clear way to reward solicitors for performance and enhance the overall offer 💰 I am interested in hearing any wider thoughts on this, either in comments or direct messages. #salaryincentive #bonuspay
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Kristen Denny
Project Scheduler
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I think salary transparency is such an important aspect when you’re looking for a job. I think that people don’t also want to be asked what they think they’re worth for the position they’re applying. Nobody wants to wage their self out of a potential job or lowball themselves to not get what they’re worth. Also, what happens when a job does not list its pay range,what is the point in applying if the wage will not meet your needs? You end up filling out multiple online pages for an application only to find out that the position is far less than you could ever accept.
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Cara Sawyer - Technology R2R
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𝐈𝐬 𝐲𝐨𝐮𝐫 𝐥𝐨𝐲𝐚𝐥𝐭𝐲 𝐛𝐞𝐢𝐧𝐠 𝐭𝐚𝐤𝐞𝐧 𝐚𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟?I have seen too many individuals stay with the first firm they join without allowing themselves the space to consider next steps.You 𝐨𝐰𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟 to look at the market. Take the time to compare commissions structures, career paths, contingent vs executive search, company culture, training and support - the list goes on!I hate to break it to you but more often than not, to employers you are simply just a number, a 𝐜𝐨𝐠 𝐢𝐧 𝐚 𝐰𝐡𝐞𝐞𝐥.The number of people that have been let go due to company performance and not their own is second to none. 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐜𝐚𝐧𝐧𝐨𝐭 𝐚𝐥𝐰𝐚𝐲𝐬 𝐫𝐞𝐭𝐮𝐫𝐧 𝐭𝐡𝐞 𝐥𝐨𝐲𝐚𝐥𝐭𝐲when push comes to shove!RULE has signed terms with over 500 clients across multiple sectors.I have an extensive understanding of benchmark salaries, commission structures, EMI schemes etc...So if you are curious about what else is out there, then lets have a chat!You don't need to take a job through me by any means, but at the very least you will come out more informed on the market.📞07787 151291
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