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November 30 13 Comments latest by Tatyana
Indian people don’t give a damn about set prices in stores. They are masters at getting deals almost anywhere.
In my quest for bargaining, I have vanquished department stores, car dealers, and landlords. But the one place I haven’t been able to bargain with is McDonald’s. To me, their golden arches represent the ultimate aspiration: To strike a deal with the very symbol of of America, bridging East and West. And getting a free cheeseburger in the process.
Anyway, until that day, maybe I can share some of my thoughts about quitting. I’m talking about quitting from a job, or giving up on getting a raise, or being resigned to cold fries. Warning: THIS ESSAY IS NOT JUST ABOUT JOBS. THAT’S JUST AN EXAMPLE. IT’S ABOUT QUITTING ANYTHING. (I have to put this warning in for people who have been emailing me, taking my previous posts a little too literally.)
Anyway, the reason I’m interested in this is that a bunch of my friends just got jobs, and–within a few weeks–a couple of them are already unhappy. It’s the money, the commute, the work–all the stuff you’d imagine.
Being unhappy at a job in the first weeks isn’t too shocking. It’s probably happened to all of us. But I’m surprised by their response. They are planning–very seriously–to quit right after the holidays.
“What the hell?” I asked them, using even more choice expletives that I’d rather not have my mom read on this site. And this is what they told me: “I’m just not happy, so I’m going to quit.”
It wasn’t just one of them. It was both of them. And two is enough to be a disturbing trend to me.
I don’t think we should quit without asking for what we want. Every good boss wants you to stay at your job. If it would just take a few dollars extra per week, most bosses would happily pay you. One of my friends, for example, was unhappy about having to pay the toll every day for her commute–a very understandable complaint. But she didn’t tell her boss about this, who I guarantee would have moved heaven and earth if he’d known an employee was close to leaving. $6.00 per day is nothing to companies.
There’s a right way to bring this up, too. You need to tell your manager two things: What you’re unhappy about and what you need to make it better. As a manager, there’s nothing worse than someone who says “I hate my team!!!!!!!!!!!” and then stares blankly at you. WHAT DO YOU WANT ME TO DO!?! Tell them what you’re not satisfied with, and then what your suggestion is for fixing it.
You have more leverage than you think. When I wrote about negotiating with banks, I noted how banks’ customer-acquisition cost is over $350, meaning they don’t want to lose you over nickels and dimes.
Now think about your job. Can you guess how much your company spent recruiting you?
Here’s the answer: Companies spend around $6,000 recruiting the average college candidate. No, that’s not a typo. And that number isn’t just Stanford or Harvard students–it’s everyone.
Think about this. Think about how much leverage you have, and how far companies will go to keep you. $6.00 for your commute (or whatever) is nothing.
Bottom line: Managers aren’t stupid. It’s much cheaper and easier to give you small enticements and keep you happy, rather than sending you packing–which just creates more work for them.
But you have to ask.
“But Ramit…”
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I'm a recent graduate of Stanford, where I studied technology and psychology. Now I'm the co-founder & VP of Marketing for PBwiki, a wiki startup in Silicon Valley.
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COMMENTS
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Ben Clark
November 30th, 2005
Great essay. I'm thinking of quitting a doctorate program, and this advice fits in well. However, you left off one giant factor for people being unhappy at a job: being unfulfilled and/or unhappy at the _content_ of the job. No amount of bargaining can help that, unfortunately.
norman livla
November 30th, 2005
good advice but you won't get it in a lot of blue collar and some white collar positions (esp. if the company have set limits on raises, bonuses and perks). No harm in trying though.
Adam
November 30th, 2005
Hey, I continue to enjoy your blog… good stuff!
An additional thought on negotiating in this context: Sometimes it’s best to come up with a creative solution that’ll satisfy you AND your employer.
For instance, instead of asking for reimbursement of tolls, perhaps you could request a few extra vacation days (maybe you’d even value that more than the money!). Or a greater percentage off the company’s products or services for yourself or a friend (assuming these are useful for you).
Since these things would likely cost the company MUCH less than giving you more cash, assuming that they’re of equal value to you, you AND your company will come out ahead… and both be happier with the arrangement.
The key is thinking creatively about (forgive the cliche) win-win options in the context of reimbursements or compensation.
Rebecca Blood
December 2nd, 2005
Ramit, you just earned me $10. I recently spoke overseas, and was paid with a wire transfer. Whenever I get an overseas wire transfer, Wells Fargo always charges me $10, which always sort of burns me up — I mean, *all* money is transferred electronically these days, isn’t it? The conversion is done by a computer program. Why should it cost me anything at all?
I clicked through you link on negotiating with banks and thought…I’m just going to ask to have that charge reversed.
By golly, the phone rep was happy to give me a “one-time” reversal on that charge.
Thanks for the prod!
Ramit Sethi
December 2nd, 2005
Great! Thanks for letting me know!
Lee
December 4th, 2005
What a fantastic post, I hope to use some of this information in the near future :)
Deron
December 5th, 2005
The first part of the post caught my attention. The part where you said Indian people don't give a damn about set prices. I just wanted to confirm that this is very CORRECT! lol. I work in the cell phone industry and to my knowledge I've never seen an Indian person walk in and not just cut to the chase..."What's FREE??" lol. Good post by the way, that just caught my attention.
Gerard
December 7th, 2005
Don't you think that the title should be "Don't Quit Without GETTING What You Want"?
Ramit Sethi
December 7th, 2005
No
Taylor
December 21st, 2005
Ramit. I'd love to hear you riff on salary negotiation. What's the best way to play your cards when you don't know what the dealer is holding?
Alek
October 26th, 2006
Go to a quiet McDonald's about an hour before closing. They usually have an extra cheeseburger or two that they'd give away or throw away.
munish
January 13th, 2007
read, steve pavlina's, 10 reasons you should never get a job.
Tatyana
October 24th, 2007
Hey Ramit,
I agree w/ all that you wrote here....my only problem is - what happens when you ask and don't receive. My BF just tried to ask for a raise, and did not get it. The raise is very warranted, and I feel like this company is just plain taking advantage. Is there even a point to continue to ask? I think he's just giving up. Thanks for the great advice :)