Negotiation of salaries for new graduates: Don \u0026 # 039;T LOSE.

By entering the real world and knowing its true value

With its university days behind them, the new graduates are looking to enter the workforce and start working at work. Excited by the prospect of landing their first job, graduates do not realize that they could already lose a valuable income when making a big mistake: not negotiating their first job offer.

According to a recent survey by Nerdwallet, a personal finance website, and Looksharp, a work site aimed at new graduates, almost 90 percent of the employers surveyed, said they had never retracted an offer because A candidate at the entry level tried to negotiate. But according to the same survey, only 38 percent of new graduates negotiate with their employers upon receiving a job offer. This discrepancy means that new graduates could be leaving money on the table.

Beginning withSalary negotiations

With the preparation and research of law, Shooting salary negotiation being a process of intimidation. After all, the new employees are making an investment in the companies in which they are joining, as well as those companies are investing in the employees who are hiring. They are prepared with the correct data and think about how the potential questions will respond will help you feel safer to enter the conversation.

Knowing where he received the offer he received the falls within the market rate for his position is a crucial factor in helping you negotiate. Online resources like Salary.com allow you to identify market rates for positions in your area, as long as you know the key responsibilities for the position that has been offered. Remember that it coincides with the description of the work, not only the work title, can mean the difference between a PR coincidenceEcisa and one that is deceptive. Saving work descriptions for the jobs you request can help you have this information at hand once it is time to negotiate.

If you determine through your research that your new employer is offering a salary that is below what others pay for the same position in your salary market, this is a great place of departure for negotiations. You must come to the table with the work descriptions of the market comparison positions it evaluated, together with the results of your research that demonstrates that the offer you received was below the market value. Recognizing how excited your new role should start and address the market value of the role function, with data to back up your position, it is the best way to start negotiations.

The power of negotiations

Assuming an average increase in single 3 salaryper year, Nerdwallet informs that employees who negotiate by 5 percent increase in payment at $ 40,000 job offers at age 22 can earn up to $ 170,000 more at the time they met 65 that if they had not been negotiated by the 5 percent additional in advance. That is a lot of potential money that new graduates could leave at the table if they do not try to negotiate their salaries at the beginning of their careers! With three quarters of the employers who report that graduates who contributed typically had space to increase their first salary by 5 percent to 10 percent, new graduates should feel comfortable starting negotiations, especially if their research shows that the offer in the Table is below the market value. .

Arriving at a final offer

If you and your employer can not reach an agreement on salary, you can try to negotiate for incentives not in cash. Could more flexible inTerms of the other benefits that they can offer, such as an additional vacation time or a more flexible schedule.You can also try to negotiate early performance reviews or compensation reevaluations in the middle of the year.If you feel that you do not offer what you deserve, you also have the option to reject them.

If you are a recent graduate at your first job or are in 20 years with the same employer, there is no harm in bringing sauce.Negotiation of Ry to the table, especially when you think it’s worth moreof what you are paying and has the data to support your beliefs.