Salary Negotiation Prep

What it does

This skill helps you prepare for salary negotiations by researching market rates, building negotiation strategies, and calculating total compensation packages. It provides guidance on understanding your worth, identifying leverage points, and crafting persuasive arguments to maximize your earning potential. The tool aims to empower users with the knowledge and confidence needed to navigate salary discussions effectively.

When to use it

• You're about to negotiate a job offer or salary increase.
• You want to research typical market rates for your role and experience level.
• You need help developing a counter-offer strategy.
• You want to understand the components of a total compensation package beyond just base salary.
• You're unsure how much you should ask for in a negotiation.

Key capabilities

• Researching and validating market compensation using sources like Levels.fyi, Glassdoor, LinkedIn Salary, and H1B data.
• Building negotiation strategies and scripts.
• Calculating total compensation, including base salary, signing bonus, equity, benefits, and perks.
• Preparing responses to counter-offers.
• Identifying leverage points in a negotiation.

Example prompts

• "What's the typical salary range for a Senior Software Engineer with 5 years of experience in San Francisco?"
• "Help me build a strategy for negotiating a job offer, considering I have competing offers."
• "Calculate my total compensation package including base salary, stock options and health insurance."

Tips & gotchas

• Remember that negotiation is expected and often budgeted for by companies.
• Be prepared to consider the entire compensation package, not just the base salary.
• Utilize resources like Levels.fyi for tech-specific salary data, but be mindful of potential biases in sources like Glassdoor.