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Knowledge is Power in the Job Hunt

We’re lucky in the Pacific Northwest—Amazon, Microsoft, and countless startups fuel a strong tech culture and economy, and there are jobs aplenty in the region for those who are qualified. But even at a time when the average American makes more career changes than in any generation before, he or she doesn’t do it often enough to become an expert in negotiating for a desired compensation package. Many job seekers worry that they’re either leaving money on the table—or boldly throwing down numbers that could price them out of the running.

Knowledge is power, and can help you get the salary, benefits, and perks you want. The company I work for, Greythorn, is a Bellevue-based staffing company that specializes in open source and big data. Every year, we conduct industry-wide research about salary ranges, benefits packages, employee motivation, market demographics, in-demand skill sets, and other hiring trends.

The newly released Inside Technology Market Report provides information to position yourself to get the job and total compensation package you want. Here are three nuggets to get you started.

1. Know Your Perks

Offered salary ranges often have less flexibility than the associated perks and benefits. Before there’s a firm job offer on the table, determine what perks you’d like (and how important they are to you). For example, 29% of our survey respondents said that remote working was a vital employee perk when considering a new job—they wouldn’t consider taking a job unless it allowed them to work away from the office at least part of the time.

If you also feel remote work is a high priority, you will have more power in the negotiation process if you can back up your position by pointing out that 63% of all full-time tech pros are able to work remotely (Inside Technology Market Report 2015). Know your perks, and read up on the associated stats.

2. Know Your Numbers

There’s good news and bad news. The good news is that in 2014, 57% of survey respondents reported receiving a bonus, up from the year before. The bad news? Of those who received bonuses, 66% received a monetary reward equaling 10% or less of their base pay. That’s up 11 percentage points from the year before, meaning the average recipient received a larger bonus in 2013 than in 2014.

If you are looking at a compensation structure that includes seemingly small incentive programs, remember the grass might not be greener elsewhere.  Consider the value of other package components, such as reimbursement for equipment purchases, gym memberships, office meal plans, etc. before making your final decision.

3. Know Your Playing Field

According to our research, LinkedIn is the place where the largest percentage of tech job seekers—31%—go when scouting for new jobs.   I’d never discourage someone from using the site, but it’s important to be aware that its popularity means it’s also the spot where you’ll have the most competition when you reply to job posts. Your odds of success increase when you expand your search methods, specifically when obtaining referrals and (ahem) using recruiters who specialize in your field—they act as a liaison, advocate, and negotiator on your behalf.

Our entire market report is available for free; all you have to do is request a copy. If you’re going to handle your job search on your own, gear up with as much information as possible so you can negotiate from a position of power—and get the job you want.

Author

  • Evan McCoy

    Evan McCoy is a technical recruiter with Greythorn, and he and his team specialize in sourcing talent for open source, big data, and Microsoft technologies roles. As a Pacific Northwest native, he’s watched the region shape and be shaped by the tech industry over the last decade. If you would like to connect with Evan, please feel free to email him at evan.mccoy@greythorn.com.

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