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As annual reviews arise, securing a salary increase may be on your list of professional goals. Whether negotiating within your current role or pursuing new opportunities, mastering the art of salary negotiation can be a pivotal move, ensuring your compensation reflects your skills and expertise. According to Career Builder , a significant 73% of employers in the United States expect candidates to negotiate salary when presented with an initial job offer. However, despite this expectation, a surprising 55% of job candidates choose not to negotiate their salary. This reluctance often stems from factors such as a lack of confidence in negotiation skills, fear of rejection, limited information about industry standards or company compensation, and a perceived lack of bargaining power. Adding to this, data from Pew Research Center reveals there is a gender disparity in salary increases. A higher percentage of men (42%) express satisfaction with the initially offered pay compared to women...
“Honesty is the best policy.” This is a phrase many people have used or lived by. It’s often used as a guiding principle, so it’s hard to accept when that energy is not reciprocated, regardless of the space. One of the spaces where this concept is most covert is job seeking. Those interested in jumping into the often tumultuous space of job hunting come to the table with a list of requirements that’s best for them. View this post on Instagram A post shared by AFROTECH (@afro.tech) And while everyone may have different priorities around what would make a job relationship ideal, nearly everyone wants to earn a livable wage that supports their lifestyle and affirms their value. The problem, however, is that not all companies are open and honest about their budgets and the suggested salary aligned with posted positions. This process can be problematic for both the employer and the employee. It doesn’t have to be this way. Both entities can benefit from salary transparency. Here’s...
