I’m in the unique situation where I’m hiring my replacement after having made a promotion. I know they will make (substantially) more than me. How would I negotiate a matching or superior salary?
Everyone else is telling you to leave or try a power play, but food for thought -- you may actually be less valuable now in your new role because you aren't experienced in it. If you just moved from IC to manager, you might be a pretty new manager.
It's normal for managers to have reports that make more than them. Just because you manage them doesn't make you more valuable.
I'm not saying this is the case for you in particular, but it might be, so something to consider before playing hardball.
maybe it's no the right time to negotiate your salary ? given there is competition for your job position and your competency is not proven. why not wait till next year ?
The bean counters do not give a shit about your experience or value. They just need warm bodies. They know the friction of leaving a company is high so they'll intentionally make you feel like a sucker until you finally quit, getting more years and months out of you for a lower rate than you deserve. When you finally do leave, they'll pat themselves on the back for retaining you for so long at a depressed wage.
I guess the problem with bean counters is they don't know how to count our beans. The low performers look exactly the same as the high performers to them. So they make foolish decisions.
I don’t understand this remark. It’s still incredibly hard to find engineers here in Europe (I’m hiring at 5x the minimum wage, to give an idea). Where are the swathes of unemployed people that you are describing? Are a quarter of American IT professionals unemployed?
It's normal for managers to have reports that make more than them. Just because you manage them doesn't make you more valuable.
I'm not saying this is the case for you in particular, but it might be, so something to consider before playing hardball.