If you don’t negotiate your salary, statistics say it can cost you almost half a million dollars over your lifetime! This is particularly important for millennials, many of whom fail to negotiate their first job salary.
The first paycheck is also known to determine all your future raises.
“Not negotiating your first salary in a low-wage job can amount to a sacrifice of half a million dollars over the course of your career,” says Sara Laschever, a negotiating expert and the author of “Ask For It.” “In a higher-wage job, that loss is magnified.”
According to an exclusive survey, 82% of people (out of 548 millennials) did not negotiate their first salaries because:
- they didn’t feel comfortable – 38%,
- they didn’t know they were allowed to negotiate – 44%.
If you need a little push with asking for that raise, study these 37 tips for negotiating your salary.
Sources: http://www.businessinsider.com/millennials-and-negotiating-salaries-2014-6
http://www.businessinsider.com/survey-on-millennials-and-first-jobs-2014-6
http://www.payscale.com/salary-negotiation-guide/negotiation-tips-for-millennials
https://www.themuse.com/advice/how-to-negotiate-salary-37-tips-you-need-to-know
It almost seems counterintuitive, but if you become irreplaceable at your current position at work – that is, you are the ONLY person who can do certain things or perform specific duties – your management will be reluctant to move you from this position because finding a replacement would be very hard for the company. What to do in this situation? Do your level best, but spread the knowledge!
A New Thing I Learned Today 