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 guest even dropped his cards and walked away in disbelief when he saw the board.
10 hours ago
Jennings did acknowledge that he was being too harsh, but also said it didn't affect the outcome.
12 hours ago
Fans believe that had the contestant taken the advice, they could have won a bigger prize.
14 hours ago
Richard Benjamin Harrison was beyond disappointed, and his reactions were hilarious throughout.
15 hours ago
While things went great for the founder Nikki Pope in the tank, her company couldn't keep up later.
16 hours ago
The legendary host has a history of theatre performances, and that seems to be one of his passions.
1 day ago
The idea might have seemed weird at first but every single shark loved how it tasted.
1 day ago
The shark seemed to have the time of his life and even threatened Kevin O'Leary with the flames.
1 day ago
Jennings is loved by fans of the show ever since he became one of its most dominant contestants.
2 days ago
The founder didn't budge even an inch from the valuation that she found to be accurate.
2 days ago
The player later confessed that he went blank and gave the wrong answer.
2 days ago
She had no idea who the painter was and what it might be worth, so her shock was understandable.
2 days ago
She knew the answer long before the timer started ticking down and won a massive chunk of money.
2 days ago
The contestant made several errors while playing one of the show's most time-sensitive games.
3 days ago
Ari Siegel started 'History by Mail' in 2019 after witnessing a powerful historic document in the Library of Congress.
3 days ago
Her name isn't usually mentioned on the show for obvious reasons, so this was a rarity.
3 days ago
The car was an infamous piece of hip-hop history and could fetch big money at auctions.
3 days ago
The iconic action movie had a dialogue that had a reference to the show popular back then as well.
3 days ago
Cuban kept resisting a joint deal, but then all other sharks decided to give him a higher share.
3 days ago
The insider account contradicts a statement that Bialik had released regarding her exit.
3 days ago