Hi folks, help me how can I ask for right compensation without getting lowballed
TL;DR: I'm a Data Scientist with 2 years of experience and I'm expecting an offer soon from a different product based company (Not a startup). My current salary is X, but my research shows that people with similar profiles earn 2.5X to 3X. How can I negotiate my desired salary without getting lowballed, especially since this would be a 150-200% hike from my current pay?
Some info about me/role Role: Data Scientist YOE: 2 New Company: Big size product company (1k+ employees)
My current fixed salary: X I am expecting an offer soon from that company
I am assuming they will offer me a fixed salary around 1.3 to 1.5 X and some variable component Now, I have done some research on glassdoor, ambitionbox, 6figr etc, and I know that people with similar profile and work experience are having fixed component of 2.5 X to 3 X I dont want to get lowballed, and want a similar salary But because my current salary is comparatively low, it will mean a hike of 150-200% which can be questioned why you need this much hike
How can I get my desired salary and not get low balled
Can I say According to the current market rate and considering the skills I bring to the table, I believe this is a fair ask, build something along these lines
Im guessing HR has habit of hearing this and wont budge much I want to maximize this opportunity and get a good offer from here instead of shopping for other offers
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HR is is trying to lowball me into accepting an offer at my current compensation stating market conditions. I don’t have any other offers yet. What can be done here? 🥲
