| No, you never give out a number. It's like asking the person sitting across from you to show you their cards before placing a bet. If a company is willing to pay $100K and you throw out a number, say $80K for example, then how much are you out? If your first thought is $20K, then you'd probably be wrong. You would be correct if you stayed only one year with the company. However, every year you're with the company you're out another $20K not to mention any salary bumps or profit share that is a percentage of your salary, etc... After 5 years, you're out $100K. You never give out your number. When you are asked, "what's it going to take", you should always answer with something like: you're most competitive offer. I don't feel this is rude at all. I usually recap how key points from the interview. Come back with how you believe you would add value to X and would love to work on Y and that your best competitive offer would get the ball rolling. Your job is to find out the maximum a prospective employer is willing to pay. Likewise, a prospective employer is attempting to get the best bang for their buck. Never show your hand. I've interviewed probably 15-20 times in my career and have never strayed from this course. Now I'm a business owner. I've interviewed 100s of people over the years and it never ceases to amaze me how many candidates flat out give me a number when I ask. Head hunters are pain in the ass to deal with. They insist on knowing where you're at because they don't want you wasting their time. Well, tough shit! Head hunters need to figure out what the going rates are for whatever it is they are seeking candidates for. A good head hunter will let you negotiate for yourself. |
The thing I've never understood about this approach is the reason it's suggested not to give your number first is, presumably, it can anchor your salary negotiations lower than what the company was originally prepared to offer.
I've switched jobs a few times for no other reason than to get a huge salary jump, and I've always given my salary requirements to a recruiter or during the interview process based on the high, high end of industry salary surveys in my field based on my years of experience. Sometimes the conversation will stop then and there, but a few times they've bitten and I've gotten the huge raise. Not to be smug or anything, but I'm fairly sure I'm making quite a bit more than most of the co-workers I've had in similar roles, even if they have more experience than me.
From my perspective, I'm anchoring the salary negotiations on the high end, as opposed to letting the recruiter spit out a number first and anchor the negotiation on the low end. What would I gain from letting them make an offer first?