Senior Recruiter (Startup->SMB->Enterprise Global F50->500 FT/RPO/Staffing exp) - Career Strategist| Writer/Author (check out my articles!) Purple Squirrel Hunter. (No roles outside US right now, must be a resident.)
Job seekers, let's discuss buying a house (stay with me - it's a metaphor) -You are ready to buy a new house; you've saved up $90K as a downpayment -The bank tells you that you qualify for a $450K, 30-year fixed mortgage at 5%-6% Your monthly payment will be around $2100. But you and your spouse only want to pay $1750/month in mortgage. So your BUDGET is a max of $390K. Just because you CAN spend the maximum doesn't mean you SHOULD. It's no different with salary. In this post earlier today, we see the OP getting indignant about how the posted salary range wasn't what the actual position is PAYING. Using our example above, HR is the bank - they set the range on what the total spend can go up to. Then we have the buyer - who in this case is the hiring manager. Who has a BUDGET (and it is based on many factors; see my article on salary determination: https://lnkd.in/gkmp5HtQ) Pay transparency laws require employers to PUBLISH the full range in job postings (see my article on pay transparency: https://lnkd.in/gfCpjzmx) . That does NOT mean that you, the job seeker, should EXPECT that to be the pay range. This is why it is important to A) Know your worth in the market where you are physically located B) that you TALK TO SOMEONE and ask questions about the actual BUDGETED range for a specific job. C) understand that losing your sh*t on a platform like LI shows how very volatile your temper is D) and that you don't understand how hiring works (and there is nothing intrinsically wrong with that, unless you are actually in the career services business.)
Kimberley Simons
7mo
I’m horribly confused by these examples. If the maximum amount you can pay for a position is X, either because of budgetary restraints or salary range limitations, then that’s the maximum and it should be published as such. To post higher amounts that can not and will not be paid is dishonest and a waste of everyone’s time. To advertise a position as paying up to $200,000 when you can and will only pay $150,000 means you just lied. Maybe because you think you’ll get better candidates who will accept lower pay than you advertised out of desperation or because you think it will make you look good. Either way, you lied in your original advertisement and enticed candidates who would otherwise have passed you by. It’s the old bait and switch all over again. Proving it is next to impossible, but it’s still unethical.
Exactly, whenever I would see a large range as a job seeker I would ask the recruiter during the first call, "Based on my geographical location what is the targeted range?" They were ALWAYS glad to tell me.
Todays Market: Salary Range: 90,000-150,000 Well Qualified Individual: Asks - 125,000 at an industry standard 136,000 Company "How about 105K with "great benefits"" aka industry-standard benefits for a salaried position... WQCandidate rejected, hired lower-tier candidate. Lower tier quits/laid off in 90 days due to being underqualified/overwhelmed. The company is back at square one. Looking for more pennies to pinch. WQI still fighting for its life because of the used car salesman HR mentality.. And the company won't give them reconsideration even though they are still looking. Repeat.
Lauren Babad
7mo
What's even worse is when they post wages and it's not what they're even offering. Post: $60K-$150K Interviewer: "We're offering $45K Me: 🤦🏼♀️
Kristen Fife PLUS I learned from you at one point employers are legally required to post the entire range of the pay grade and not just the range they plan to hire within. (Sorry If I am remembering it incorrectly!)
Rahul Bagal
7mo
So basically, job hunting is like house hunting: just because you qualify for a mansion doesn't mean you should expect a butler and a pool!
Here's the thing: No one is trying to bypass anything. If you meet the qualifications, you will probably be at the lower end. If you exceed the qualifications (and that could be something like you have directed projects that the company wants to launch, you're with an admired competitor, you are "overqualified" but still have an authentic interest in this company) you could come in higher.//To use the real estate analogy: If this house is in the best pubic school district in your city, you might stretch the budget till it squeaks because that means you don't have to send your kids to a private school.
A.J. Dale
6mo
Sometimes companies interpret the law differently. Some post the entire range for anyone in the position. If that is the practice, it's always best to clarify the anticipated range for that role & add wording like "We at (Company X) provide pay scales representing its good faith estimate of what we reasonably expect to pay for this position. The pay offered to a selected candidate will be determined on factors such as (but not limited to) the scope and responsibilities of the position, the qualifications of the selected candidate, departmental budget availability, internal equity, and CSU systemwide pay for comparable jobs."
Exactly this Kristen Fife. There is the salary range and the target. The salary range is typically the salary range for the life of the position. At the vast majority of companies I've worked at, the mid-point of the salary range is the target for an experienced candidate. The upside left in the salary range is how you will get a raise next year and the year after that and the year after that. Occasionally, I have wiggle room but the mid-point is still typically the target.
President at HD Solutions driving quality, excellence, and strategic growth.
7moIn your example people aren’t the buyers, they’re the house. You’re not going to find a $450k home, love it and then convince them to sell it to you for $390k. Instead of telling your real estate agent you can spend up to $450k (aka posting a range that high), tell them you want to see things up to $390k (aka put that in the post so the $450k equivalent people don’t spend hours applying). If you don’t find what you’re looking for then you may need to decide on a new budget. Then start looking at those higher pay individuals.