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Salary Negotiation

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midlet2013
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Salary Negotiation

Postby midlet2013 » Thu, 27 Nov 2014 4:15 pm

Any tips on salary negotiation ?

I am looking to negotiate a salary. Its a big MNC and the work is RnD related. I have Phd in Computer Science area and work as a Data Scientist. I have 2 yrs experience in the current field and 5-6 overall in Industry.

Right now I work at a startup which offered me a chance to learn data science.

What kind of salary can I expect or should I ask.

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Wd40
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Re: Salary Negotiation

Postby Wd40 » Thu, 27 Nov 2014 4:26 pm

Invariably, the discussion will hover around your current salary. If you are currently very underpaid then you can try throwing about a figure that you think is good and take it from there.

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Re: Salary Negotiation

Postby PNGMK » Thu, 27 Nov 2014 8:22 pm

Wd40 wrote:Invariably, the discussion will hover around your current salary. If you are currently very underpaid then you can try throwing about a figure that you think is good and take it from there.


I tend to agree with WD40 but the best MNC's will have a internal salary analysis for the position and be aware in particular of the 50% median mark for the position. IF you're asking around this your probably ok unless you have a particular reason to ask more. Use Glassdoor etc to do a salary review of the company to see if they pay over or under the median.
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brian_singapore
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Re: Salary Negotiation

Postby brian_singapore » Thu, 27 Nov 2014 11:30 pm

On salary discussions (with HR) - or at least within my MNC conpany its fine to go in with a higher salary then they are able to pay.

HR won't provide any feedback at the first stage and will go back and provide a recommendation to the hiring manager based on a combination of salary expectations, internal benchmarking and budget for the position.

Once they get confirmation on the recommendation, this will always go back to the candidate as a verbal offer, even if its substantially less. This was the case with one of my recent hires whose ask was 30k higher then what we were willing to pay.

This may vary with other employers as HR is the last step and they are the only ones who (should) be discussing salary.

But its broadly been the case in other companies I've worked even when hiring managers have conducted the negotiations.

Key to remember is once you get to the negotiation stage, the hiring manager will do their best to hire you ad they are keen at that point. So they are almost always likely to come back with an offer even if under your expectations.

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Re: Salary Negotiation

Postby zzm9980 » Fri, 28 Nov 2014 5:08 am

In my experience, Glassdoor is a bit lacking for Singapore and these kinds of roles. However, it has quite a lot of good data for the US, California Bay Area in particular. Large MNCs with set pay bands tends to pay about 30-40% more in the Bay Area, so just look for a comparable role there and remove 30% of the salary to get a rough idea. Obviously negotiate for more, but that is your realistic range.

midlet2013
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Re: Salary Negotiation

Postby midlet2013 » Tue, 02 Dec 2014 4:22 pm

Thanks Everyone.

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Re: Salary Negotiation

Postby PNGMK » Tue, 02 Dec 2014 7:45 pm

midlet2013 wrote:Thanks Everyone.



Good luck midget.
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Re: Salary Negotiation

Postby taxico » Tue, 02 Dec 2014 8:06 pm

midlet!

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midlet2013
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Re: Salary Negotiation

Postby midlet2013 » Thu, 11 Dec 2014 11:55 am

PNGMK means well :)

I got a good offer. Since I was a bit underpaid, the raise is quite high and quite reasonable by market rate. I quoted based on what recruiters told me and they agreed. At least, they did not use my current pay as a bargaining point.

But my requirements are sorta met, western software product company with tremendous focus on big data and analytics.

There was a time when it was so hard to even get a job in industry in singapore after graduate studies and now, people want me. Good feeling.

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Re: Salary Negotiation

Postby Wd40 » Thu, 11 Dec 2014 12:00 pm

Congrats! So your investment in PHD and low salaried job has paid off in the end. I am assuming you have got at least P1 level salary to make up for those early losses

midlet2013
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Re: Salary Negotiation

Postby midlet2013 » Thu, 11 Dec 2014 12:36 pm

Thanks WD40. Ya, its more than P1 level.

I will only try to look at the past 2 years as an experience which gave me a direction in my career. I struggled for a few years but now I found something I enjoy and am good at, which is good. And there is still a lot more I can do.


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