How do you handle salary negotiations when moving to a new company? My current job is fine, but it could be better if I switched. Do you go all out with counteroffers, or do you keep things realistic based on market rates? Also, side hustles—any tips on restructuring pay packages to include bonuses or equity? Thought a general poll might help gauge the community’s approach.
Salary negotiation when switching jobs?
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Dude, the market's been brutal lately, and we're all just wondering "can I get a little more?" anyway. I was in the same boat last year when I was switching jobs—I did my research, checked LinkedIn’s salary data, and added 10% to the offer I had. When I talked to my boss, they said, "We don’t have that kind of budget," but I pushed back and negotiated until we settled on a 7% increase. I think it’s less about being tough and more about showing you know the facts—otherwise, they’ll just throw out a random number like "whatever."
As for bonuses and equity, at my last company, I structured my package with performance-based bonuses + restricted stock options, so I ended up with an extra 20% of my annual salary. I also included freelance income from side gigs in a tax-advantaged way. My advice? If you're joining a startup, focus on equity—but make sure you understand what it’s tied to, because some people will say, "This’ll grow infinitely by next year," and then you realize it’s a letdown.