Feel confident in your first salary negotiation by knowing when and how to proceed.
From the Handshake Blog
“Don’t take that job!… at least, not until you’ve scrutinized your pay rate and every detail of your offer.
Many students fall into the trap of accepting their first entry-level job offer without realizing what a bit of research can do to drastically change the concessions in their favor. Even fewer realize just how crucial it is to negotiate their pay rate early on.
n 2016, The National Association of Colleges and Employers released an article on the importance of salary negotiations in closing the gender pay gap. While the article’s main goal reflects the importance of women knowing their value in the workplace to close the discriminatory gap, it also recognizes the significance in a practice capable of closing gaps between pay and cost-of-living, expectations, national averages, and more. Moreover, according to NPR, failing to negotiate early on could cost you between $1 million and $1.5 million in lost earnings over time.
While many employers are open to the practice, it’s important to note when and when not to engage in negotiations.”