Headhunter info to negotiate salary
I was recently contacted by a headhunter about a position in my area. This position has the same title as what I am currently doing.
The comp was quite higher than my current comp, it was the highest I have seen in my market for the title, but I have no interest in joining another firm. I am happy where I am at and get paid well, but the thought of a solid-sized comp increase does seem nice. Do you guys think I can leverage this information to negotiate a higher salary at my current firm, or when I hopefully get promoted, have solid evidence to point to in terms of market salary?
Is this even considered solid evidence though? It was just an email from a headhunter saying the base salary is from x to x, could this just be false? There was not a lot of evidence provided except that my current firm and the firm the headhunter is advertising are quite similar in size and structure and I would be doing similar tasks.
Since I think this may not be solid enough evidence, I am tempted to work with the headhunter and gain more information, but I don't want my firm to potentially hear from the market that I am exploring other options.
What do you guys think, would you guys let this be and ignore the situation, or find a way to leverage this market salary information for your benefit?
Based on the most helpful WSO content, here are some insights and strategies you can consider:
Leverage the Information Carefully:
Gather More Evidence:
Negotiation Tactics:
Consider Potential Risks:
Long-Term Strategy:
By following these strategies, you can effectively leverage the information from the headhunter to negotiate a higher salary at your current firm without jeopardizing your current position.
Sources: Current IBankers: What would you do if a summer candidate reneged another offer to sign with your firm?, Do you talk numbers with headhunters?, No bonus/payrise despite good year, Full-time intern for 5 months - being taken advantage of?, https://www.wallstreetoasis.com/forum/job-search/negotiating-offer-before-during-and-after-interview-follow-up?customgpt=1
Get an offer and then leverage it. If the employee is obviously happy and thriving then I don't see too many companies being that insecure that they hear the employee shopping the market and think they're on their way out.
There have been previous threads on this topic, you may be able to search for them. I don't recommend going to your manager out of the blue to report this. If you really want to negotiate, as has been said go through the interview process and get a real offer, then present it. You must be fully ready to make the jump and have everything ready to go out the door at that moment however.
If you really like your company and want to stay there, this isn't recommended. The best course of action would be to either wait for an annual review or a 1:1 talking about your career, and have data on hand from CEL or other salary survey resources showing that you're underpaid. Everyone gets contacted by headhunters, but you don't talk about them to your current company. It's something everyone knows but doesn't talk about.
Also i wouldn't worry about word getting back to your employer that you are testing the market for fear of getting fired. No one is tattling like this unless they were college buddies with your boss. Even if word did get back, if you are in good standing i can't see a company firing for this unless they were looking for an excuse to let you go.
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