ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Recruiter shares an incredible salary negotiation trick that works ‘time and again’

The NYC-based recruiter also suggested that candidates look out for red flags during interview process
UPDATED AUG 4, 2024
Representative cover image | Pexels | Photo by Andrea Piacquadio
Representative cover image | Pexels | Photo by Andrea Piacquadio

Negotiating their salary is one of the toughest tasks for job seekers. It has never been easy to know beforehand how much an employer would pay for a post. However, recently several states in the US have passed pay disclosure laws, mandating employers to share salary ranges with candidates. Despite this, negotiating a salary doesn't get any easier if candidates don't know how to leverage that information during an interview. Thus, ex-Goldman Sachs recruiter, Chanelle Howell, shared some tips and questions to ask to better negotiate salaries, with CNBC Make It.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by Chanelle Howell (@chanellehowell)


 

The New York City-based recruiter has interviewed hundreds of candidates while working for one of the world's leading wealth management firms. In the interview with CNBC Make It, Howell shared the number one question related to salary ranges, that candidates need to ask employers. She said if an employer has listed the salary range as  $100,000 to $150,000, interviewees should ask what skills and experiences separate the $100,000 candidate from the $150,000 candidate. 

Howell explained that the question would prompt the reruiter to elaborate on their compensation strategy. She said that the employer may share that a candidate in the top end of the salary range should come with certain years of experience, manage a certain number of people, lead projects, or be an expert in a particular field. Howell then said that candidates should use this information to build their case for why they deserve the top end of the salary range.



 

“Later in the negotiation process, you can use their literal words to justify why you deserve more money,” Howell said in the interview. She added that she had seen this strategy work "time and again" for the people she coaches. She said that one of her clients who works in marketing used her framework to negotiate a 20% increase in their initial offer.

In a separate piece, Howell shared another important question candidates should ask to look out for red flags during the interview process. 

Howell said that before accepting a role, candidates must ask about the team dynamics and goals of the team they are going to work in. Asking certain questions can help people seek out red flags of the employer and dodge poor opportunities. 

Howell told CNBC Make It that her favorite question to ask in job interviews is, "What’s the expected growth of this team?” Furthermore, candidates should also enquire if the employer is hiring for just one role or if they are planning to hire a number of people in a certain time frame.

Representative image | Pexels | Photo by Sora Shimazaki
Representative image | Pexels | Photo by Sora Shimazaki

It is important to dig deeper and learn how long has the role been vacant for and if the employer is only backfiling a role. Learning if the former employee moved internally or left the position can be crucial for candidates. Furthermore, if an employer expresses that they really need someone to fill a vacancy because they are drowning, that's a bit of "a red flag", she warned.

Howell said that this can tell a lot about what the work-life balance would look like in the future. A desperate manager who is only looking to backfill a role to alleviate the team, may not be as invested in the long-term career growth of the candidate.

MORE ON MARKET REALIST
The moment became unforgettable for audiences, and the presenter was appreciated for his recovery.
7 hours ago
Even without the raise, Oliver remains one of the top-paid faces on American television.
9 hours ago
The story resonated with thousands of fans who made sure to set things right for the hardworking man .
1 day ago
After O'Leary and Rodriguez made offers, Cuban also joined Greiner to make an offer.
1 day ago
The Home Depot staffer requests the individual's tax-exempt number, which the individual declines.
2 days ago
She also called out Walmart after describing how she was feeling about wearing unwashed clothes.
2 days ago
Like any struggling young actor in the 80s, White was looking for any opportunity to appear on TV.
2 days ago
The man bought three tickets but left the last one at the counter and the man on the counter just checked it out of curiosity.
3 days ago
Perry's comments about splitting bills and the women being the breadwinner did not go down well with many.
3 days ago
The woman finally asked for help from a worker at Walmart and found out more alarming details.
4 days ago
Walmart worker confronts the return scammer, sparking a viral debate on ethical consumer behavior.
5 days ago
She was only offered $6,600 as a “goodwill gesture” for being the winner. 
6 days ago
The man from New Jersey bagged the reward when he was in the studio just as a member of the audience.
6 days ago
Viewers were left scrambling for an explanation until the glitch was fixed during a re-run later that year.
6 days ago
The person who originally listed the property later explained the logic behind the design.
6 days ago
Later, she finally found a way to get rid of the Tahoe after three years of paying $1,400 a month.
7 days ago
A study highlighted the alarming number of bacteria found on a large package from Amazon.
7 days ago
So far the recall hasn't been directly linked to the salmonella outbreak caused by eggs from another brand.
7 days ago
The employer was overwhelmed after learning about the struggles of his employees.
7 days ago
The video gained so much popularity that some users even advised Amazon that it could be their next commercial.
7 days ago