How do companies perform salary reference checks?
lets say Candidate X is interviewing with JPMorgan. Does JPmorgan call Goldman Sachs (Candidate X's current employer) to speak with HR and just ask how much he was making there? I feel that Goldman Sachs would be less likely to reveal their numbers. Besides, don't candidates just lie about their previous/current salary and inflate numbers? How do you guys handle the issue of salary negotiation?
I'm hesitant to comment on this as I have only done it once, but salary negotiations can be particularly tricky situations and the way you should proceed will be largely dictated by a multitude of factors such as your current position, how long you've been at it, the company you're leaving and going to etc. If you're asking because you're currently negotiating, it would probably be easier to give you an answer if you gave a little more detail...feel free to PM if you don't want to put your shit out there
I just show em my bling bling pateks
When I moved from retail banking to UBS, before making an offer UBS asked for my two most recent paychecks. That sucked, 'cause I was not able to make up a higher number and try to get more.
I was surprised by that and it was the first, and only time so far, that it happened like that.
Calling HR directly of course is another way.
I am fortunate enough to be working in a much smaller company right now, and the HR person is a great friend. I can literally make up anything I want, when (and if) the opportunity comes....
Verifying salary for an internship (Originally Posted: 07/20/2010)
Hi,
Can a company that you are interviewing with actually call up your previous internship employers and ask them how much they paid you for the internship?
Thanks.
Yes. Not only that but literally read from your resume and any other information you have provided about your specific duties and ask if that information is true. So be prepared for that. "Elaborate" on your duties but make sure they are credible.
Yes, it's legal but uncommon.
Yeah they can but I don't think they usually do, esp if it's for an entry level position. since many are nonnegotiable so it doesn't matter how much u got paid in the past
Salary Verification? (Originally Posted: 04/19/2010)
Hey guys,
I was wondering, how do employers verify your previous salary/ compensation? Is there any typical way that it is done? Like does HR call your previous employer's HR or manager? I know in banking salaries are pretty standard like 60-70K starting base. But what if you slightly highballed yourself to 70K when you were getting 65K? Thanks.
a) I don't think that's a deal-breaker by any means and b) why the f&ck would you do that in the first place?
I don't think that is a huge issue. 5K is within reason. I mean suppose your base is 65K and you get some gifts and misc crap that you have to claim as income. As long as it isn't 10-20K over you should be good.
Honestly, I think it is part of negotiation. They are asking about your previous salary for negotiation purposes and to see if you are too expensive for them.
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