How to Negotiate Your Start Salary

TBS Staff Writers
By
Updated on January 3, 2024
How to Negotiate Your Starting Salary Once an employer makes a job offer, you'll be glad you sharpened your negotiation skills.

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Here’s a fun fact most job candidates don’t know: Hiring managers expect new hires to negotiate their starting salaries. A Salary.com survey found that 84% of employers plan to negotiate on salary — and more than half of employers intentionally offer a low starting salary to leave room for negotiations.

Yet many new hires accept the initial offer without negotiating. A 2019 study found that about half of new employees negotiate — including 68% of men. By contrast, a study from 2020 found that 60% of women had never negotiated their salary.

The cost of not negotiating adds up. According to one estimate, accepting the initial offer could cost you more than a million dollars in lost earnings over the course of your career.

Even over shorter periods of time, a high starting salary can make a big difference. Consider two new hires. One accepts the initial offer of $50,000 per year, while the other negotiates the salary up to $60,000. Over five years, with annual raises of 3%, the employee who negotiated will earn $53,000 more than the employee who did not negotiate.

Accepting an offer without negotiating can cost you. If you’re on the job market and need to brush up on your negotiation skills, these salary negotiation tips can help.

Salary Negotiation Strategies

What’s the best strategy when it comes to how to negotiate salary?

First, conduct salary research and strategize before the negotiation, so that when you walk in, you’re already prepared.

Second, go into your salary negotiations with confidence. Remember that employers expect you to negotiate, so don’t let fear keep you from asking for a higher salary.

And finally, act professional and aim high. Selling yourself short this early in the job process could impact your whole career, but negotiations are also a chance to make a strong first impression.

Celebrating a Successful Salary Negotiation

The negotiation process can take several rounds because hiring managers often need approval to offer certain benefits or increase the salary offer. Budget at least a few days to complete the negotiation process.

But once you’ve reached an acceptable offer, it’s time to sign the paperwork and celebrate. By negotiating a higher starting salary, you’ve increased every paycheck you’ll receive and set yourself up for higher raises in the future.

If you walk away from the salary negotiation disappointed, don’t lose hope. You still have opportunities to increase your pay. Plan to ask for a raise after 6-12 months on the job or during your first annual review. Once you’ve established a good track record with the company, you’ll have more evidence to demonstrate why you deserve a raise. And remember: These salary negotiation also apply to arguing for raise.

Don’t leave money on the table. Instead, negotiate like a professional.

Portrait of Genevieve Carlton
Genevieve Carlton

Genevieve Carlton holds a Ph.D. in history from Northwestern University. After earning her doctorate in early modern European history, Carlton worked as an assistant professor of history at the University of Louisville, where she developed new courses on the history of science, Renaissance Italy, and the witch trials. Carlton has published five peer-reviewed articles in top presses and a monograph with the University of Chicago Press. She also earned tenure with a unanimous vote before relocating to Seattle. Learn more about Carlton’s work at genevievecarlton.com.

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