General motors salary negotiation reddit

General motors salary negotiation reddit

The most likely scenario that you get an increase is asking for an extra 5%. I started at GM late last year. You could potentially make a lateral move without even interviewing. Don't know if that is still true. I believe it's best to wait until I have the offer letter in hand before proceeding with negotiations. 13K subscribers in the GeneralMotors community. My salary range is the same as GS-12. Say my budget was (imaginary numbers, just for the ratio) $100-120. Were you able to negotiate base pay from your original offer? If so, by how many percent did they move? The salary is just slightly lower than what I make currently. now a days you cannot get a decent car below $40k and new cars depreciate 20% in first year , American cars depreciate much faster rate 5 year depreciation of Chevy vehicles is 71. For my last salary negotiation, I was changing companies after the company I worked for gave me 5% as a first raise in 3 years. Candidate can say yes or no and go on their merry way. Note that the 5% was also after I pointed out that the company's billing for me was roughly 350%-400% of what my salary and benefits cost the company in my worst billed year. This is not a money issue either. I'm wondering how much to ask for salary when the time comes. If that was their first offer you can always negotiate. My personal rule of thumb is, for cases where I am at an advantage (e. Here's what I do. 11K subscribers in the GeneralMotors community. Congrats, again! The job position has a salary range from GS 11 to 12 ($72,000 - $122,000). Increased base salary for new grad sde. For salary negotiation, I've never transitioned between jobs for less than a 40% bump. Good luck to you! 🙂. That puts your salary at $52. GM Layoffs 2024. It's in the medical field, and I have 10 years experience and a general degree. If you go higher they may just come back with with a no and no counter offer. 3K subscribers in the GeneralMotors community. I asked about the pay, but it’s about $3,000 CAD less than my ideal salary for this role. I got a FO with step 1 and I tried negotiating the step asking for step 7. (for EA, other trades may vary slightly) In addition to working, the apprentice will be enrolled into the local school/ training for their trade curriculum. Let’s look at oil, oil saw a 35 billion profit slap last quarter and compared to last year they were at 15 billion and crude is cheaper now. Basically saying what everyone else has said. works at Core & Main. 2. I had 4 interviews that went really well, and had a very blunt conversation about starting salary with one of the managers. 3% lower than the national average. I will be 29 when I graduate in the spring and have an extensive (compared to my peers, ~11 yrs) amount of experience in the workforce before I went back to school for my undergrad. And a 18% bonus. I recently received an offer from Wells Fargo for the full-time technology analyst program. The question is whether or not what you're asking for is reasonable. Money: Didn't negotiate my first salary very well. Even if they say no, it shouldn’t be a problem. Where I am you are hard pressed to become "Scientist" until 10yrs w/M. Know the average Salary of the position you're applying for. In the publicly announced UAW negotiations there are interesting notes associated with GM’s counteroffer which include inflation adjustment payments, below. BloodTricky475. You can see how trying to identify the best alternative for your negotiating partner can help you guess at what their bargaining zone might be - the worse their alternatives, the more eager they will be to make a deal. Word of warning, If you mess up negotiations, which some people unfortunately have, you could end up losing the offer entirely . 1. HR did not like it but in the end, she got the money. Welcome to General Motors (GM)! This is the sub for GM employees to come… The negotiation occurs in parallel to your onboarding, and your negotiated salary will be reflected on your FJO, which again you'll need to respond to just like your TJO. 5k after the first year. However, be mindful of what you are likely to receive. DogmaSychroniser. For some non-profits, salary is negotiable and for some non-profits the reality is they don’t know if they salary will even continue to get funding. For salary negotiations you absolutely do not want to be the first person to give a number. But good luck! As mentioned send an email to HR after TO is accepted. But in general, Tesla is known for paying a bit below market and appealing to those that specifically want to be there. Award. Whatever offer they give doesnot change. IT is first to go cause you’re it! Nananaboobo. You're negotiating, say your new employer expects to pay $55,000 salary for the position to start but you're coming from a $35,000 salary or maybe hourly job. If your great at the job know the pay range and ask for what your worth if your the best and dependable, reliable, help others, have a great attitude understand labor, food cost and how to build teams and the pay range is 65k-80k easy to look up then you ask for 80k if they say no go to another company. P3 finance now at $95K. If its mid range, your call, but I've always heard it worth trying to negotiate fairly so as to not leave money on the table. r/GeneralMotors A chip A close button A chip A close button Compared to Canadian companies (which pay around 65k - 85k for SWE new grad), I think this is a very solid offer. Let me break this down to realize GM’s company car policy , it’s true worth. I’ve seen ppl on this subreddit say California associates are getting During the interview process, I mentioned that I was looking for a salary in the $95-105k range, and I was told for this position they're likely offering in the $95-100k range. For your offer, GM will pick a level that matches your experience and offer you median salary for that level. I am a part of Global Business Solutions (GBS) Transformation team at GM and the following is the 2022 Level 7 compensation band for this group: Base Salary: $96,331 - $157,171. That's sad but then they need to say this is the max and be done with it so candidates don't think there is a chance. Those are sort of like ranks, with the lowest paying jobs being GS1's and the highest paying Jobs being GS13's. However, they extended the offer on call and said that they’re going to send me the documents today, so I'm still waiting to receive the official offer letter. 99% are satisfied with their GM or Toyota or VW, for example, that means there are still 1,000 people each year (times decades) that had a bad experience and HATE them. I'd aim for closer to $130k, however you want to break that up between salary and equity, which is more on par for Tesla. Plus, there's a bonus 10k per year because it's an excepted service. That said, 40k is ridiculously low and I think you may be okay to negotiate more than 10% above that. The vast majority saw no salary increases in March, which is fucked. Usually the best you can do is negotiate level, like ask for 6A promotion from 6B, even if Yes, you absolutely can. Larzonia. . I'm keen to discuss the salary negotiation, as they mentioned a figure of XYZ. Anyone have success in negotiating internally? I am looking for tips. Contract out on the side for any hours over the bare minimum that qualify for your benefits. Currently an inside sales/operations support employee. Ford bonuses are much lower and set targets per salary grade. You can always negotiate your salary. 28 monthly. My start date is later in April and all of sudden I got an email saying that my salary has been increased from 75k to 90k. " For a long time they made you interview in either case. 9. Within a year or two average selling price was over $50k. Tip #1: Research Market Trends and Salary Ranges. 4). [deleted] • 1 yr. So you are forced to get new car every 4 years . My Counter Offer: 130K. I heard from few people internally that GM doesn't negotiate with internal candidates. That's a lie. Salary negotiation is a new thing for me so I'd love to hear your thoughts. The candidate was so offput, he wouldn't even negotiate with us anymore, even though we had plenty of room to go up. g. So are some people just lowballed, or is it the salary progression that is bad at GM? GM raised entry level and new hire salaries by 10-20% since Covid. However, they offered me the base rate of $17. They lost money on every one at that price. At the end of probation demand an equitable salary to your peer. . 3. Got an offer for General Motors . e pay stubs that show you have been getting paid more than what you are being offered. Welcome to General Motors (GM)! This is the sub for GM employees to come together and discuss anything related to employment/retirement at GM. That shouldn’t be a problem, and if it is, it’s a good sign that this isn’t a company you want to work for, or at least not long term. Skip to main content. earlier this year i received an offer ~1. You would talk to your manager about this. We don’t negotiate. It’ll go a long way in knowing what you’ll realistically be able to squeeze out of the negotiations. Add a buffer to your request (10% is probably modest) so that any negotiation from the company keeps your salary at or above your target. In my city bdo pays a lot more than big 4. you get level 5 84k base salary + bonus level 5 if you are masters degree you get 90k base salary + bonus level 5 I don't think you can negotiate, if you have better offer then you should take it but you don't really have anything to negotiate with On the next day, I received my offer from the interview I did and my TC went up to $105k - level 6b now. They denied but ended up giving me around 10% increase on that ( overall 50% increase from current base salary) and good amount of yearly bonus and joining bonus. If you already have a job making better, then you can decline this with no problem. Depends on the industry, but you can look at Glassdoor for a general guesstimate, and from there can adjust your target based on cost of living in your city, etc. Tell them that you have no room to negotiate and they can either decline it or come up. Merit (salary) increases above 3% are tough. If you are polite, concise, and reasonable, you'll be in great shape. I don't know what level 9 band is but take the above numbers and add 20%. Contractor to employee salary negotiation. I think your seriously underpaid but it depends on office. Deloitte wants to bring you on, and often times they can come up to match or get close to your number. Basic utilities for an apartment are about $140. The salary is in GG-12 which is, as of writing, from 94k to 122k. 1099 if possible. You will have to provide proof I. 10% increase in wages Two additional 3% lump sum payments $6,000 one-time inflation-recognition payment $5,000 in inflation-protection bonuses The Model 3 was supposed to be the $35k car. Wait for the prospective employer to introduce the issue of remuneration. For example, if teamGM = 100%, Salary = 100K, Level 6 = 10% Bonus, Adjusted Payout = 110%, and Pro-Rated Months = (8/12) The things you most often negotiate are salary and equity. Ensure that you have looked at comparable job adverts too see what salary range is being offered. • 1 mo. GM bought back 10 billion dollars of its own stock. Don't accept less than 65k imho. I was definitely underpaid as a contractor and the benefits were terrible. I don't have exact number but level 8 is $150-$300k but most will make $190-$220. To provide some context, a Walmart recruiter reached out to me, and after our phone call, I was informed that the hiring team wants to interview me ASAP. Even if 99. ago. Couple that with the tribalism amplified by social media (Ford sucks, Chevy is best!) and the impressions get seen. -In general, I've heard to not ask for more than 10% above the salary offer and to expect anywhere from 2-8% as a compromise. General Motors CEO Mary Barra, meanwhile, is the highest-paid of the three CEOs, making about $29 million a year. Look for a L7 job and then negotiate salary as part of the move. 4 days ago · Suggested pay conversations about. If it's a startup and you're one of the first dozen, you can push for more equity (and sometimes they're happy to slide you less salary for more equity). The guy's requested salary was $63,000 a year--sure, maybe this could work. 50. Look on Glassdoor and Google so you can get an idea of the 6B salary range. We averaged a 6 month turnaround in that department, and every single one of them cited low pay as the main reason they left. Get a new job if they refuse. Hurry [100 % OFF UDEMY COUPON ] ***More than 11,100 Students+ 200+ reviews*** ***ENROLL FAST In the meantime I've literally seen people range from $16 an hour to $150k salary doing that exact job in the same company, sometimes sitting right next to one another. My average was about 3%, with a few years having larger raises (8%) based on directors / executive directors going to bat on my account. 108 votes, 35 comments. Because inflation right now is largely due to corporate companies inflating prices for increased profits. 33% of your salary? Other option is waiting until bonus to get 50% of the bonus target (5% assuming you are levels 5-6 or 6. It was the best day lol, to receive two pay bumps in two days. Open menu Open navigation Go to Reddit Home. Isn’t 2 months separation something like 8. 99% of employers won’t increase your salary by just negotiating (outside of your typical yearly raises) 8. 5% assuming you are a level 7)? This is not even guaranteed because they could fire you at In this guide, I'll share the steps I took to research salary ranges, which helped me secure a fair offer. View community ranking In the Top 10% of largest communities on Reddit. They offered me GS 12 step 1 at $86,300. Signing bonus of $10k. I’ve never had experience negotiating a salary as I’m fairly new to the industry and generally I'll try to give as much context as I can but keep it short. At the time of hire, I was looking for something that paid around $25 an hour. Overall though, it seems total compensation (health + salary) will be exceed what I currently have. Housing costs are significantly lower, with the median home price at $153,800 and the average rent for a two-bedroom apartment around $980 per month. My initial wage negotiation resulted in $2500 more. Moving within GM is more formal and you'll have to talk to a recruiter even when moving internally. 4. Obviously you can only negotiate the step pay and doing so will prolong the hiring process. I am assuming that entry-mid level jobs are being flooded with new grads who don't have experience, but I am also not too sure. It really depends on each organization. In the end it was 20-25 percent raise, and she was worth every penny. They open up headcount to convert contractors to directs. 666% more. Quoted 20% more on base salary from the first offer. currently having a perfectly good job with satisfactory salary) the next salary to "buy me out" should be 20% to 30% more than my previous salary, otherwise it won't be worth the hassle to move and adapt to the new workplace. Salary Negotiation System: Get ready to earn a Higher Salary -* 3. You won't see a big jump in your current situation. I'll try to bring them up into the $90-95 at annual review, and ~$105 the following review if this trajectory holds. So, you should speak first when: You should let the hiring company speak first when: Archived post. Added up over 7 years, that's an extra $17,500 I've made since then. Depends on your knowledge and skill level all companies want great people. Your best bet is to focus on your degree and apply to internships whenever they are available. Good luck and hopefully welcome to GM Subject to negotiation within the bounds that have been approved for that role I was able to negotiate an internal move when I was a 6A and was offered another role at 6A but it was a level 6/7 position. Those years were fueled with LOTS of coke. Sc or fresh out with a PhD. without an explanation (don't we all!). • 1 yr. Being a bit below range made hiring below-range on experience more palatable. Salary alone it was 66%. For your negotiations I'd ask at minimum 75k starting and go from there. You get a better salary by switching jobs or letting your current employer that you have a job offer paying more and seeing if they are willing to match. Ford is more casual when moving between departments. Aways put more value on the base when negotiating and make sure they know that. They will tell you $40-45,000 and you'll probably take it while they pocket the saved salary. I’m sure you can try, but doubt you’ll get anywhere and depends how far from the median pay you are. This subreddit is meant to help encourage discussions related to salaries, promotions, negotiations, relocation, market research based on title, location, education, and experience. General Motors (GM) Salary and compensation. The salary range for all GS9 positions is $57,000 a year to $96,000 a year. This is the nature of the beast. In terms of how you'll enjoy the job, according to Glassdoor it's mostly hit/miss depending on what manager/team you get. If you're an employee, they have to deal with benefits, payroll taxes, paid time off, etc. If the company makes the first offer, they've already invested the resources to give you an offer and are interested in you. Civil engineers are in really high demand right now in government, so you may have some more leverage than the positions I typically see. Yes, I walked away from it because I didn't think 1. You usually get paid more as a contractor, depending on the size of cut the recruiting agency gets. We helped someone on our team put together strong arguments. ADMIN MOD. 5x is a good enough reflection on my market rate and it's top of their band already. If after the above you find the salary range for the role is say 40-50 and they are offering less or low end, negotiate. It was a 9% raise when they changed it to 7C. Even with masters and 2 years, you likely won’t get L3. Just got a call about interviewing with a car dealership as a parts manager (General Motors brands). 00/hr. They're moving our jobs to India, eastern Europe and South America because they can get away with paying them less. Down the line in and year to so, I know I’ll need more pay and hence the above post. This is a massive increase from my current salary (47. My pay bump was significant from a $$ perspective and benefits. Always have 3-6 months worth of income in a rainy day fund, and keep your skills up to snuff so you can land a new job. if thy don't need you or willing to replace you, then they won't counter. I wanted to ask if anyone has had success with negotiating a salary during their interview. I called HR and asked if the salary was negotiable and the response was yes, provided I send 2 recent pay stubs (no problem). Make sure your resume is awesome. I've been a full time contractor for a fortune 50 company for the last 7 years with an upcoming interview to become an employee. Had a similar situation to you when I first started. Hi all, I'm in a position where I feel like I have some leverage at my current company to negotiate a higher salary and/or slight promotion. Speak to people in the industry to clarify what a realistic figure would be. Only negotiate a signing bonus increase as a last resort if you can't get your base increase, and it's a clear no. Critical-Wedding-239. Hello everyone, I just got an offer from GM for Entry Level So if you join at 50k, your best bet is an annual 5% raise (assuming you don't get promoted to a mid or bring in another company's job offer). From what I've researched, the cost of living in Shreveport is about 22. i researched the market rate, i believe my YOE and domain is worth ~2. 4) to get the bill rate (75. If you're gonna take the job whether they accept your negotiated salary or not, then if they deny you just shrug and say, "hey it was worth a try, maybe we can talk more about it in the future. The apprentice will work full time in the trade, being trained on the job, completing 8 periods. Accept the TJO then you can negotiate. A 20% sign on bonus is equivalent to about 6 years of compounded 3% raises. They told me to send my recent two paystubs and I sent those. Regardless, you can definitely try for it, but your leverage is going to be very low at an entry-level program. I was working contract there and when they finally opened a GM position for my job I still had to follow the application and interview process. 50-$29. GM will say there is talent shortage. The F-50 company pays the contracting company my hourly rate (65) + 16% (10. Here's is the GS pay scale equivalent for reference. They are much more likely to accept or negotiate your counter-offer. Reply. With my experience and degree I was thinking l'd be offered something in the middle. •. Don't listen to that one guy. Hope that helps. General Discussion. Do some research and come up with your number. Negotiate salary, but if this was a multi level req, they've already determined you're a level 2 based on experience. It can vary from 70% to 130%. There is no talent shortage GM just wants cheaper labor. Don’t even bother. That's at the 5A level. Current Position: Mechanical Engineer. I'm a bit older than my peers for starters. It does include a company car (which requires owning or leasing a new GM vehicle every 3 year or maybe 4 now). If they already offered 24 and what you want is 25, that shouldn’t be a problem. I negotiated in June for 10% and got 6. Layoffs are ALWAYS on the table at GM. I stopped applying for remote roles b/c all of them are flooded with over 500+ (some 1000+) SFO and LA based applicants per job posting. Company's 2nd offer: 126K base. She was underpaid to begin with and the outside hire would have been even more. Despite my glowing recommendation and knowing the figures, stupid corporate tries to lowball him with a $45,000 offer. If we hadn’t gotten that grant and they hadn’t agreed to the increase then salary increases would have been impossible. Also, the boss can promise raises over the years with advancements, and unless you've got that in some sort of contract, don't count on it. If you do get into negotiations for being converted to an employee, expect the company to offer a 25-30% or so pay decrease to "cover cost of benefits". Resume. 5k) and its clearly a life changing offer. I’ve been at collins in Iowa for 5 years. And they’re vocal. 2%. Considering CoL an associate scientist (usually starting off point with a masters) should be pulling in between 65k-95k. Good work-life balance: Completely dependent on your division - never had an issue with this in my 10+ year career. Best-Practices for Salary Negotiations? Advice. Current Salary: 90K (underpaid) New Position: Technical Program Manager (Junior) Company's 1st Offer: 115K base + 5K one time bonus. They asked for ~$80. First thing that recruiter sees. The job position has a salary range from GS 11 to 12 ($72,000 - $122,000). Either you low-ball yourself or ask too much. But current employees haven’t received a similar bump. This is my first federal job. I am moving internally to a new location for a new job. The problem is now you've got a year of real world experience under your belt and your market value is $60k-$85k. I doubt it'll hurt your career at all, especially since it's a fairly well known Fortune 500 company. GM on my resume can't even get me an interview. I was in sales from the late 80's - mid 90's and was consistently making a nice salary ranging from 100-200k per year. Take the job. Members Online Just got hired within the last 6 months, feeling underpaid I’m in medium to low cost of living city in the Midwest/northeast . If its the upper end, it's up to you if you want to push for more. Alternatively, look for an external job and then use it as leverage for GM to keep you. " Stand up, shake their hand and accept the position. GM’s hiring process is pretty strict. Hello everyone, I have got an offer from general motors as new grad sde in Austin with 75k base pay. The full salary increase of $10k. Currently, my plan is to continue in this new role, learn and experience as much as possible. I thought they would approve step 4 or 5 but they approved exactly the same as my current salary (step 2). At static stock prices, that's $110k TC (total comp). That said, does anyone have experience or advice negotiating with GM for salary or other benefits (student loan repayment)? the only time is when you leave and they really need you to stay, they will counter your offer. In a CNN interview, Barra defended her high earnings. I'm taking a pretty massive pay cut, but it's my dream job because of the opportunities there. Pretty significant. This position will require me to relocate from FL to VA with relocation expenses covered. It was a pleasure to meet you. The only way to apply is online. Salary negotiations are an art in itself. The job posting was listed at between $17. 5x of my current TC. Depending on the sub-level you are offered (A, B, or C), you will be either at the higher end of the band (for 7A) or at the lower end of the band (for 7C). The pay grade for this position is GS9. Make new contacts for potential new jobs. Unless you plan on retiring as a 12, the pension angle is moot. If the offer salary is already 10%+ more than your current salary, then it would be very hard to negotiate reasonably. It’s not bad but you will not learn much. I told them I would accept it if they gave me 7C and they did. When I came back, I knew a few more things and now am paid at or above midpoint value for my skill set. Welcome to General Motors (GM)! Welcome to General Motors (GM)! This is the sub for GM employees to come together and discuss anything related to employment/retirement at GM. • 2 yr. You apply to open reqs in other groups as an "outsider. bdo as well I got an offer for 32 an hour with a sign on bonus of 2k which is about 64-65k full time. 7. 0 - The #1 BEST-SELLING Salary Negotiation System Course! (with over 800 ratings) Improve Your Professional and Personal Life By adopting the salary negotiation System. The bonus formula is: teamGM x Level x Adjusted Payout x Pro-Rated Months. Adjusted payout is based on your manager's discretion. No home office stipend (probably because this comes out of a different budget) Here's the email I sent as a follow up: Dear HR Rep , Thank you for meeting with me this morning. So was wondering has anyone who recently got offer got 90k or not? Here's what they came back with, and what I accepted. I make about $42,500 a year. I was a contractor from 2013-2016. First federal job and salary negotiation. To answer your question, no. I highly doubt that'll change. Salesmen and management worked 12-18 hour days and often 14 days straight without a day off. This will typically take place towards the end of the interview process. A period is 916 hours of on the job training/ shop hours. She said 92% of her salary is based on the company's performance, and that the company offers profit sharing to its employees. From understanding market trends to asking the employer about their allocated range, these tips will prepare you for a successful negotiation. Since you're brand new to the system, the bottom number is the only number I can offer you. There's always the Tommy Boy approach, strap road flares to yourself and demand the salary. 2mo. Tarobobaa. Then I cleared a second company and used the offer letter of first company as my bargaining chip. The golden rule in negotiating a salary is just don't be an asshole about it. vd uf sm if zt jf cx bt nf cg