Executive compensation advisor Jacob Warwick explains counter-offer psychology and anchoring dynamics when negotiating job offer letters.
Insight
Warwick: Asking 'is there more' yields 20% higher job offers
“You get the offer, you say, what's the chance there's a little bit more, almost always see a 20% improvement on that. And that is across the board from earlier stage positions. Let's say they gave you a 100,000 dollar offer, a 120 could be there just from a si…”
Insight
Warwick: Negotiate compensation directly with P&L owners, not recruiters
“Oftentimes we also try to negotiate through recruiters, right? You could do that. I, Jake, I did the thing, Jacob. I talked to a recruiter. I spent a half an hour explaining it. The problem with that is you're playing a game of telephone. So the same thing hap…”
Insight
Warwick: Product and engineering leaders negotiate worse than sales and marketing
“I found that product, product leaders, engineers, designers some of the more tend to be more introverted and thoughtful types negotiate more poorly than the obnoxious marketers and revenue leaders and the more extroverted types.”
Insight
Warwick: Using third-party agents in corporate America dilutes executive presence
“In Hollywood, you have an agent negotiate on your behalf and they kind of are serving as that middle mediator. That's not common in the corporate of corporate America right now, right? Now, if that happens, it almost dilutes the leadership and presence of the …”
Insight
Warwick: Never negotiate compensation over email; always use video or in-person
“So often we'll hide behind the easiest communication channel as possible. So I might email you my demands demands, right? Or my negotiation. And the problem with that is I can't control tone. I can't control, especially when you're negotiating at high levels. …”
Insight
Warwick: Refusing a CEO's proposed meeting time increases a candidate's attractiveness
“The other thing people don't do is they don't control the time of which they have a conversation. CEO wants to hop on at six o'clock in the morning, get your ass up, get that presentation and go. You need to say, I'm not available at that time. I'm in, and you…”