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85% of Americans who negotiate their salary are successful. We explain how you can get it

2022-05-25T13:53:30.568Z


A survey reveals that 58% of Americans accept the initial offer of their job. But the data shows that the vast majority of employees who ask to negotiate their salary or working conditions get improvements.


By Michelle Fox -

CNBC + Acorns

Improving a job offer depends exclusively on the employee.

And if you don't ask to negotiate, it won't come.

But still, it turns out that many workers don't ask for better pay or employment conditions, according to a survey by Fidelity Investments.

Some 58% of Americans accepted the initial offer in their current position without negotiating, according to the survey.

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However, negotiating works.

According to Fidelity, 85% of Americans - and 87% of professionals ages 25-35 - who fought back over salary, other compensation or benefits, or both salary and other compensation and benefits, got at least some of what they asked for.

The survey, conducted March 8-14 by Engine Insights, asked 1,524 American adults between the ages of 25 and 70 who work full or part time.

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“People think they can't or shouldn't negotiate, but companies expect them to negotiate,” explained Caroline Ceniza-Levine,

Dream Career Club executive

coach .

“They respect good negotiators.

They will respect you if you can advocate for yourself,” he added.

"They want someone with that confidence to be on their side of the table," he said.

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Confidence is the key.

So do your homework.

Research the pay for your job, field, and location.

Also, ask other people about their salaries or what they know about rates in your field.

“If you understand what you can ask for, if you're doing a good job of showing your value, that will help increase the confidence you have going into any salary negotiation,” explained Kelly Lannan, senior vice president of emerging clients at Fidelity Investments.

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Before you make a counter offer, identify what you want.

It could be a higher salary, or it could be a bonus, benefits, title, or job scope.

When focusing on salary, remember that even in line with market data, you can sell your specific skills or experience as a reason for a higher rate, Ceniza-Levine said.

If it is not possible to increase the salary, you can also negotiate the non-salary aspects.

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"Analyze the entire offer and do not rush to say that the one who receives the most money wins," he said.

Also think about what happens in the company.

For example, do they need me to start right away?

If so, it may be worth an additional payment or bonus to start earlier.

If possible, negotiate with the person who will make the final decision.

If you can't, try to do your best to develop a relationship with the person you're dealing with, such as the recruiter, so they can be a good case manager for you, Ceniza-Levine advised.

How you approach the employer with a counter offer is also important.

Make it clear that you are excited to work for the company and highlight the skills and value you will bring.

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“The way you start the conversation is as important as the points that are made,” he said.

After all, it never hurts to ask.

If the answer is “no”, it does not mean that the job offer will be rescinded.

Plus, you can always come back to the topic later.

″'No' just means 'not now.

It's not forever," Ceniza-Levine said.

This article is part of the 

Invest in You: Ready series.

Set.

Grow

 (Invest in you: Ready. Ready. Grow), an initiative of CNBC and Acorns, the micro-investing app.

NBC Universal and Comcast Ventures are investors in 

Acorns

.

Source: telemundo

All news articles on 2022-05-25

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