Negotiating a job offer is a tricky business. That’s mostly because you can never know for sure if that’s going to get you the job or not. Unlike trying your luck and asking your boss for something you want, negotiating a job offer can significantly decrease your chances of getting hired.
While the idea of negotiating with a prospective boss can be terrifying, in some cases, it is nothing short of necessary. And here’s why it’s important to negotiate for a better job offer, especially when this is your first one.
See Also: The Art of Negotiation: A Complete Guide
1. Employers Expect You to Negotiate
Believe or not but most employers expect you to negotiate a job offer. That’s because doing so will show them that you’re a more competent candidate. This will force them to take you more seriously since you’ll have shown that you know what your expectations are in a job and that you’re willing to ask for what you deserve. It shows them that you are more skilled than other candidates who would accept just about anything that was given to them. This helps you gain their respect, even if they decide they can’t give you the job after all.
2. It Determines Your Future Salary
Accepting a job offer that pays a lower salary of what you deserve can hurt your wallet. Did you know that if you don’t negotiate your starting salary, you can stand to lose $500, 000 in the long run? As research from George Mason University and Temple University confirmed, new hires who negotiated their starting salaries gained about $5,000 on average. This means that your first salary can determine how much you’ll be making in the long run, and not taking the chance to ask for what you want may leave you poorer than you could’ve been.
3. It Shows That You Believe in Yourself
Negotiating for your first job can show that you are confident about your abilities and that you aren’t afraid to show it. The only problem is that you need to convince employers that you deserve the additional money or whatever it is you’re asking for as part of your negotiation. If you are able to show employers that you have what it takes to do the job and that you are also confident about your skills, you could very well influence their decision of investing more in you.
4. It Allows You to Negotiate Some More
Another good reason to negotiate for your first job is that you’ll find it far much easier to do so for your second and third jobs. You won’t be as scared to do it as you were the first time round, and you’ll be in a better position to face future employers. As such, whatever it is that you want in your career, you’ll be more likely to go out and get it.
See Also: 5 Negotiation Mistakes to Avoid
While you might think that negotiating for a job could hurt your chances of getting hired, not doing so could be far more damaging to your career in the long run.
Have you ever negotiated for a job? How did it go? Feel free to share your experiences with us, along with any tips and tricks you might have, in the comments section below!