Dreaded wait of salary negotiation.. how long to wait

Hi all,

I went for a final interview on Friday 27th afternoon. The whole interview process took a month and a half in total, with 3 official interviews and one telephone. Throughout the process it has always been very positive, and I was told on my 2nd interview that I was 1 of 2 candidates. By the 3rd interview I was told I was the only one as the other candidate did not impress. I met the whole team on the third interview and got great feedback from their HR.
On Tuesday, I was offered the job verbally. but salary was only £1.5k more than what I am currently earning. The new company offers great opportunities however I also know that it is alot harder work, with working from 8am - 8pm workdays the norm (which i don't mind if i get compensated fairly). At my current company i work 9 - 5pm, all office based with no access to work emails/system from home. I expressed that I was expecting more to show that I am making progression in my career. However I asked the recruiter to send the offer over in writing so I can consider all of the benefits and weigh everything up. On friday i told my boss I was quitting and he showed me my review that stated I was scheduled for a £5k pay rise at the end of this month, decided a week ago (dated document). I also received the written offer from the new company at close of play that day.
This Monday i went back to the recruiter and told them that my boss has given me a pay rise, it was decided before i mentioned i might leave, and i can prove it in writing if needs be. The HR man was very understanding and stated that he would need to go back and it will need a high up managers approval. He always previously revealed that the salary band for that role is £5k +/- either way. I said it would make the decision easier if they could consider at least £4k more than my current, instead of just £1k. He said he will try to get back to me on Tuesday evening because it requires a few approvals.
I haven't heard anything from him yet, how long should I wait? Is it a game of who speaks first? The job has not been re advertised yet.
many thanks

Comments

  • Guest101
    Guest101 Posts: 15,764 Forumite
    You really are playing on the backfoot here, You shouldn't wait for their offer.


    You make an offer. "My current employer has increased my salary to £X0,000. With that I have full employment protection. My skills are obviously in demand. Therefore I would be looking for X+Y,000 to move."
  • Thanks Guest101!
    The new company offers much better benefits such as healthcare, dental, and 2 days more holidays than mine (current 25 days). However i do think i am worth more than just a £1.5k increase. I also mentioned to the HR man that I have done research for my job, and the average salary is £5k more than what they are offering.
    Do you think i should chase? Or sit it out a little longer?
  • Guest101
    Guest101 Posts: 15,764 Forumite
    Thanks Guest101!
    The new company offers much better benefits such as healthcare, dental, and 2 days more holidays than mine (current 25 days). However i do think i am worth more than just a £1.5k increase. I also mentioned to the HR man that I have done research for my job, and the average salary is £5k more than what they are offering.
    Do you think i should chase? Or sit it out a little longer?



    In the UK right?


    I mean it's likely the healthcare you get will still be at an NHS site, with NHS doctors, just in a private room.


    Dental - well NHS costs are capped at £200, most are covered by £50, and you go to your dentist, maybe once a year. So that's £50.


    2 Holiday days isn't that much, I bet you could wangle flexi working and get the equivalent. - but I can see a benefit there.


    personally I think you may have left your position a little weak, but it's not beyond saving. I'd chase them up just to say, out of professional courtesy you do need to give your employer either a signature or notice.


    BUT remember you lose all employment rights when you join this new company. For up to 2 years they can sack you for any reason, to me, that outweighs any of the benefits so far listed.
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