How do I negotiate compensation with a mid-stage startup?
May 10, 2014 7:26 PM Subscribe
I currently have two job offers: one from a startup and one from a large corporation. I'm strongly considering taking the position with the startup and have negotiated on compensation already, but would like to ask for another increase.
Please help me navigate this!
posted by 6spd to Work & Money (16 answers total) 4 users marked this as a favorite
- The total package is less than what I currently make and the startup knows my current compensation but said that they most likely wouldn't be able to match my current comp of roughly $74K
- Originally offered at a base of $60K; I asked if they could match my current comp and they came back with $65K base with a $3K signing bonus, so total comp of $68K
- If GlassDoor salary histories are accurate, there are/were people in this role currently making $44K - $50K, though my guess is that the average is $50K - $60K
- Average compensation for this role in the general market is much higher, at around $85 - $100K for base
- Startup is mid-stage, past proof of concept, and well-funded
- No equity grants, though I would be eligible for options
- Health, vision, dental benefits are good; 401K plan is in place, but matching is virtually nonexistent
- I can tell that they really like me as a candidate and that I am by and far their top choice; this was also explicitly stated to me as such
- Base salary of $82.5K with a $12K relocation bonus and $5K signing bonus, so total is just shy of six figures.. which is very compelling, not going to lie
- Good benefits with 401K matching at 50 cents to the dollar, up to 6% of salary
- Not as excited for this position as I am for the startup
- I'd like to receive a base comp of $70K and $5K signing from the startup and leverage the fact that I have the other offer to justify the second increase -- how do I go about wording that?
- Is it even kosher to ask for an increase in comp for a second time?
- What about asking for $75K base and forgoing the $3K signing bonus?
- Am I asking for too much right now, given that they offered $60K first?
- When the startup said they wouldn't be able to match my current comp, could they just be saying that to not pay me as much? If it's actually true and don't have $70-75k budgeted for the role, I don't want to come off as too aggressive by actually asking for that much and fear they might rescind the offer