Lenny's Reads

The ultimate guide to negotiating your comp

17 snips
May 6, 2025
Unlock the secrets of negotiating compensation like a pro! Discover why the key is showcasing value rather than tactics. Learn a five-step framework that has transformed the earnings of many in the field. Hear intriguing stories of product leaders who achieved remarkable salary increases. Get insights on building support and leveraging complex situations. Plus, explore a fascinating case where chaos led to a jaw-dropping $1.4 million offer. This guide could change how you approach your next salary discussion!
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INSIGHT

Value-Driven Negotiation Approach

  • Exceptional compensation negotiation focuses on demonstrating your value in solving company problems.
  • Shifting from asking "What can you offer me?" to showing how you create business opportunities transforms pay discussions.
ANECDOTE

$285k Offer to $1.1 Million

  • A senior PM raised their offer from a $285k upper range to $1.1 million through strategic negotiation.
  • This shows that published salary ranges are not final and can be exceeded with the right approach.
ADVICE

GAINS Negotiation Framework

  • Use the GAINS framework: Gather intelligence, Align with needs, Influence stakeholders, Navigate complexity, Secure value.
  • This systematic approach builds leverage and guides each negotiation phase strategically.
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