Silicon Valley salary negotiation?
August 11, 2012 6:20 PM Subscribe
Considering a position as a Senior Software Developer in Mountain View, CA. The company has already indicated that they want to hire me - we are in the salary/compensation negotiation phase and I need some advice.
Considering a position as a Senior Software Developer in Mountain View, CA. The company has already indicated that they want to hire me and we are in the salary/compensation negotiation phase. They recruited me from my current tech position (where I am pretty happy). I started at my current company the day after I completed my (relevant) PhD. They made a generous initial offer and I accepted. In the 5 years I have been there they have offered raises and promotions at reasonable intervals and so I have never been in a position to negotiate a salary.
The current company is asking for my "Compensation Expectations" as well as current income/bonus information. I have been told that the person who proposes the first number is in a weaker position but I am not sure how to proceed at this point. I am in the fortunate position where my skill set is quite valued and up to now have been offered compensation accordingly. I am inclined to give the information they ask and name the number that I expect to earn without much room for negotiation. Is this a foolish move?
Since this in anon here are some details. I took home 140k last year (including 12k in bonus, base around 105k and the balance patent payouts etc). This tech salary is in a medium city with a low cost of living (or 3 bed/2 bath home would sell for $240k). Given that the new position is in SV and the type of position it is I intend to ask for around $225k. I have a PhD in Eng from a good university and have worked in software development for a competitor for 5 years since graduating.
I have consulted websites such as glass door and asked the one person who I know to have been in a similar position but now I turn to you (future coworkers and Valley insiders) for help.
So my questions are as follows:
1. How do I best handle this compensation expectations business?
2. Am I reasonable in my salary expectations?