Last Updated on November 29, 2019 by Christopher G Mendla
A great article about a guy who negotiated his way to a quarter of a million dollar salary STRAIGHT OUT OF CODE BOOT CAMP.
The above link is the abridged version. It’s probably worth reading the original full article. (Actually, it’s in two parts. Follow the link at the end of the article for the second article.
http://haseebq.com/my-ten-rules-for-negotiating-a-job-offer/
One of the gems is where he spells out what a company has to spend to hire someone.
First, we have to rewind and understand what brought us to this offer in the first place. What kind of resources have they spent so far in trying to fill this position?
- Writing and posting a job description on all appropriate channels ($300)
- Reviewing ~100 or more resumes ($1250)
- About 15% of those resumes need to be phone screened, so roughly 15 phone screens ($2250)
- Around 75% of those initial phone screens warrant a technical screen, so roughly 11 technical screens ($9000)
- About 30% pass through to an on-site, so roughly 3 onsites. These onsites require the coordination of 6-7 employees ($10800)
- Finally, they make one offer. The recruiter (and potentially the executive staff) need to spend time on the phone with the offeree convincing and negotiating. ($900)
All-in-all this process took about 45 days from start to finish.
Now say you end up turning down their offer. They’ve spent over $24,000 just extending this single offer to you (to say nothing of opportunity costs), and now they’ll essentially have to start over from scratch.