Former Goldman Sachs Recruiter Unveils Salary Negotiation Hacks For Job Seekers

February 13, 2024
A recruiter is turning the tables with negotiation hacks, offering practical advice on how job seekers can leverage pay range information.
According to NBC News, Chanelle Howell, a 31-year-old recruiter based in New York City, is turning the tables with negotiation hacks, offering practical advice on how job seekers can leverage pay range information to their advantage in a landscape where transparency in salary information is increasing, Howell, drawing from her extensive experience working for prominent firms like Goldman Sachs and Bridgewater Associates, shares valuable insights on effective negotiation strategies.
You can never have too much money… new hack to get you the most money possible #recruitertips #20something #negotiationtips #opentowork
With over a dozen states and jurisdictions implementing pay disclosure laws, job seekers can now access salary ranges for open positions. Howell emphasizes the power of a single question during a job interview: “Can you tell me what skills and experiences separate the $100,000 candidate from the $150,000 candidate?” This question prompts hiring managers to outline the criteria for determining compensation within a given range.
Howell advises candidates to weave these criteria into their interview discussions, emphasizing their skills and accomplishments that align with the higher end of the salary spectrum. According to Howell, the key is to consistently highlight these qualities throughout the interview process, building a compelling case for why the candidate deserves the top-tier salary.
As negotiations progress, Howell’s hacks encourage candidates to leverage the information gathered during the interview. By quoting the hiring manager’s own words, candidates can articulate why they merit a higher salary, aligning themselves with the expectations set for top-paid candidates.
Even in regions where pay range disclosures are not mandatory, Howell suggests referencing the growing trend of transparency and expressing a desire for similar openness: “Given new pay transparency laws, a lot of companies are sharing pay ranges with candidates. Can you share the range for this role?”
Howell shares success stories of individuals who used this approach to negotiate substantial increases in their initial offers. One marketing client negotiated a 20% increase, amounting to a $15,000 to $20,000 boost, employing Howell’s framework effectively.
In situations where the salary range appears overly broad, Howell recommends asking what distinguishes a candidate at the top of the range. Additionally, if the initial offer falls short, candidates can inquire about median pay levels and ways to stand out within that framework.
Howell reminds job seekers that base pay is just one aspect of compensation, encouraging them to explore other elements like signing bonuses, performance-based bonuses, and equity during negotiations.
In a job market where wage growth has slowed post-pandemic, Howell’s approach provides a strategic roadmap for candidates seeking fair and competitive compensation.
RELATED CONTENT: Master The Art Of Salary Negotiation: 4 Tips To Secure Your Financial Future








Enter your Email Address below to get our fun-filled Newsletter!
© 2024 Black Enterprise. All Rights Reserved.

source