Negotiating Comp on the Way In Is Smart. Even Better is Doing It 12 Months In. - The Entrepreneurial Way with A.I.

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Friday, September 6, 2024

Negotiating Comp on the Way In Is Smart. Even Better is Doing It 12 Months In.

#SmallBusiness

There’s so much discussion on LinkedIn and social media about how folks especially VPs of Sales should negotiate hard on the way in.

Maybe. Go for it, by all means.

But I think these posts miss a key second post. There’s an even better time to negotiate hard in many cases — around Year 2, when you’ve totally crushed it:

  • When you’ve now built up a great team
  • When things have accelerated
  • When you outperformed everyone’s expectations

This is so rare, especially these days. To hire a leader that truly crushes it and goes above and beyond.

If that’s you, then for sure, 365 days in:

  • Ask for that promotion to CRO (or whatever)
  • Ask for SVP-level equity, or at least, another grant
  • Push for a higher OTE that ties — to the results you’ve delivered

90% of CEOs, they may not have gotten it right at first. But the last thing most founders want is a truly high-performing leader moving on after a year.

Do it the right way. Don’t make threats you’re going to leave. But also, don’t feel like you have to get everything on Day 0.

It’s worth a shot. But you get another chance to push for more when you’ve truly earned it.

A related post here:

Who Ya Gonna Promote? Don’t Wait Too Long.

The post Negotiating Comp on the Way In Is Smart. Even Better is Doing It 12 Months In. appeared first on SaaStr.





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Jason Lemkin, Khareem Sudlow