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Yes They Can!
Teaching Salary Negotiation
Techniques to Students
Aubrey Bach, Senior Manager of Editorial and
Marketing, PayScale.com
Graduation!
Early Salary Negotiations Are
Crucial
• Salary plateaus
after age 40,
often earlier for
women.
• Negotiating
your salary
early has a
HUGE impact
on future
earnings
"... a 25-year-old who negotiated
a starting salary of $55,000 will
earn $634,000 more than a non-
negotiator who accepted an
initial offer of $50,000.”
Oh snap.
- Fast Company
But Millennials Aren’t
Negotiating
• Only 37% of
millennials have
asked for a raise
• 69% of those that did
ask for a raise got a
pay increase – 43%
got the raise they
asked for!
• 31% of female
millennials say they
have never negotiated
because they are
The Gender Wage Job Gap
• The gender wage
gap is real, but it
may not be what
you think it is
• In general, men
earn 3% to 7%
more than women
doing the same job
with the same
experience.
• The gap grows as
job titles increase
“Women worry that pushing for more
money will damage their image.
Research shows they're right to be
concerned: Both male and female
managers are less likely to want to
work with women who negotiate
during a job interview.”
- Ashley Milne-Tyte, Planet Money
#TheStruggleIsReal
Underemployment
means holding a job
that doesn’t put all of
your education,
experience and
ability to work
Understand Your Worth
• 83% of people
who say they are
underemployed
say it is because
they are
underpaid
• 55% of people
who say they are
underpaid are
actually paid
fairly for their
#WorthIt
of people who told us they asked for
raises reported receiving an increase in
pay.
75%
1. What you are worth
2. What they are willing to pay
you
Negotiation 101
Use the PayScale
Research Center to find
out how much different
jobs pay, and how
salaries are affected by
• Experience
• Skills
• Location
• Employer
Use PayScale
to Research
Salaries
Take the PayScale Survey
Determine How Much YOU
Should Earn in That Role
The
PayScale
Salary
Calculator
• Free!
• Easy to embed
• Research
career options
quickly and
easily on your
site
www.payscale.com/salary-
calculator
A FREE way to track how alumni
fare after graduation
Alumni Analytics
Don’t Be
Scared
• Employers expect
you to negotiate.
• Data will set you
free.
Slow Your
Roll
• Always give
yourself time to
review the offer,
even if you love it
• 1-4 business days
is standard
Negotiate
Everything
• Salary
• Bonuses
• Equity
• PTO
• Flex time
• Retirement plans
• Health insurance
• Review schedule
• Education
opportunities
Be Logical
Stick to a
Script: How to
Ask
“Thank you so much
– I am excited about
the prospect of joining
the [Company Name]
team. However, I’ve
done some research
and feel that with my
qualifications, I
should be earning
[$xxx] in this role.
Can you come up
with a package that
meets this number?”
Stick to a
Script: Explain
Why You’re
Awesome
“Not only do I have
[all the standard
requirements that
everyone else has] +
but I also possess
[the following unique
traits that make me a
better candidate and
worth more money].”
- Jim Hopkinson (author of Salary
Tutor), PayScale Salary Negotiation
Guide contributor
Practice. A Lot.
Want More?
payscale.com/guides/career-success-
guide
Thank You!
Don’t be a stranger.
aubreyb@payscale.com
Twitter: @aubreybach

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Using Data to Help First Job Salary Negotiations

  • 1. Yes They Can! Teaching Salary Negotiation Techniques to Students Aubrey Bach, Senior Manager of Editorial and Marketing, PayScale.com
  • 3. Early Salary Negotiations Are Crucial • Salary plateaus after age 40, often earlier for women. • Negotiating your salary early has a HUGE impact on future earnings
  • 4. "... a 25-year-old who negotiated a starting salary of $55,000 will earn $634,000 more than a non- negotiator who accepted an initial offer of $50,000.” Oh snap. - Fast Company
  • 5. But Millennials Aren’t Negotiating • Only 37% of millennials have asked for a raise • 69% of those that did ask for a raise got a pay increase – 43% got the raise they asked for! • 31% of female millennials say they have never negotiated because they are
  • 6. The Gender Wage Job Gap • The gender wage gap is real, but it may not be what you think it is • In general, men earn 3% to 7% more than women doing the same job with the same experience. • The gap grows as job titles increase
  • 7. “Women worry that pushing for more money will damage their image. Research shows they're right to be concerned: Both male and female managers are less likely to want to work with women who negotiate during a job interview.” - Ashley Milne-Tyte, Planet Money #TheStruggleIsReal
  • 8. Underemployment means holding a job that doesn’t put all of your education, experience and ability to work
  • 9. Understand Your Worth • 83% of people who say they are underemployed say it is because they are underpaid • 55% of people who say they are underpaid are actually paid fairly for their
  • 10. #WorthIt of people who told us they asked for raises reported receiving an increase in pay. 75%
  • 11.
  • 12.
  • 13. 1. What you are worth 2. What they are willing to pay you Negotiation 101
  • 14. Use the PayScale Research Center to find out how much different jobs pay, and how salaries are affected by • Experience • Skills • Location • Employer Use PayScale to Research Salaries
  • 15. Take the PayScale Survey Determine How Much YOU Should Earn in That Role
  • 16. The PayScale Salary Calculator • Free! • Easy to embed • Research career options quickly and easily on your site www.payscale.com/salary- calculator
  • 17. A FREE way to track how alumni fare after graduation Alumni Analytics
  • 18. Don’t Be Scared • Employers expect you to negotiate. • Data will set you free.
  • 19. Slow Your Roll • Always give yourself time to review the offer, even if you love it • 1-4 business days is standard
  • 20. Negotiate Everything • Salary • Bonuses • Equity • PTO • Flex time • Retirement plans • Health insurance • Review schedule • Education opportunities
  • 22. Stick to a Script: How to Ask “Thank you so much – I am excited about the prospect of joining the [Company Name] team. However, I’ve done some research and feel that with my qualifications, I should be earning [$xxx] in this role. Can you come up with a package that meets this number?”
  • 23. Stick to a Script: Explain Why You’re Awesome “Not only do I have [all the standard requirements that everyone else has] + but I also possess [the following unique traits that make me a better candidate and worth more money].” - Jim Hopkinson (author of Salary Tutor), PayScale Salary Negotiation Guide contributor
  • 26. Thank You! Don’t be a stranger. aubreyb@payscale.com Twitter: @aubreybach

Hinweis der Redaktion

  1. CHANGE TO FOCUS ON LOGIC/DATA
  2. Salary plateaus after age 40, often earlier for women. Negotiating your salary early in your career makes a huge impact on future earnings.