I currently live in the northwest and my wife and I are being flown down to Texas for what I believe to be the final round for a Controller position. I also believe I am the only candidate that has survived to this point. When speaking to the
Salary & Relocation Package Negotiation Tips
Answers
I would check out Robert Half's guide. I have used it in the past. It bases the information on sales, not employee count. http://www.roberthalf.com/salary-guides
Based on the information in the salary guide the national average is $135,500 to $ 183,750 for a company with $250M to $500M in revenue. Then take the area of TX where you will be locating and multiply the range by that amount. If the company is in Dallas you should be able to expect 142,950 - $193,850. Whereas if it is in El Paso you could only expect $94,850 to $128,625.
Wayne Spivak has some retail industry experience, maybe he can weigh in a little better for you.
At ERI we get requests like this. Most corporate HR and mobility department of companies use our benchmarking tools and we get senior level candidates who request 1-time reports to aid in job offer negotiations. There are several criteria like you mention to generate the report. Call the 800 number on the www.erieri.com website and request a sample "Quick Call" Salary Assessor and Relocation Assessor report. You'll be well informed of cost of labor (direct compensation package) and cost of living (will you be paying more or less for living same lifestyle) being offered. Hope this helps.
Congratulations on the potential opportunity. See this Forbes article for a quick primer on comp negotiation: http://www.forbes.com/sites/susanadams/2014/02/14/how-to-negotiate-your-salary-3/ . Use glassdoor to compare with salary information Chris has provided from the Robert Half tool. If you are a member of FENG, look at several recent newsletters to glean compensation information about comparable positions.
Don't feel bound by the initial number you put on the table and don't be defensive about changing it. Simply say that you've done a more thorough investigation as details about location, responsibilities, cost of living differentials, etc. have become clearer. Remember, base comp is only one element. Understand where your compensation fits in the new firm's overall scheme, the frequency of and process for salary and performance reviews, etc. Focus on why you're a valuable candidate who can make strong, value-added contributions to the new company.
You should clearly understand and be prepared to negotiate and decide on the whole package. That includes benefits like vacation, profit sharing or 401K matching, bonus, health coverage, support for professional/continuing
Good luck.
I've found the Robert Half report to be very unhelpful - the comp ranges in their guide are consistently lower than what I see in the market; my guess is that it's biased on the low end, if for no other reason than to protect their relationship with customers and prospects that might be upset with them publishing pay ranges above where they want to hire at. Also, I've noticed that Robert Half is often doing senior searches at small companies and so their data may skewed in that way. The best senior finance comp studies out there are done by AFP and FEI annually. I will tell you that for that size company and direct reports, you can probably expect $160k-$190k base pay.
Info is very good. Be careful not lose an Offer that may be the best thing for you. An opportunity in Texas (one of the fastest growth states) may add value to your future financial worth.