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By Claire Hegstrom
In a recent study by The Society of Human Resources Management (SHRM), an alarming finding stated that “over the course of a person’s career, anyone who did not negotiate for a higher salary every time they started a new job would earn $500,000 to $1,000,000 less in lifetime income than an individual who was savvy when handling their salary compensation package.” Suddenly, salary negotiation sounds like a mandatory course we should’ve all been offered in college!
Given that the largest salary increases most workers receive during their careers happen when they move to a new company, job seekers have a lot more to prepare than just their interview answers. Knowing your worth is key, and we’re offering you some advice on gaining the salary you deserve as you make your next career move.
Once you’ve done your research, dig deep and channel your inner confidence knowing that what you’re bringing to the table got you the offer in the first place! Negotiating your salary is the perfect way to show your future employer that you are serious, committed, and that you’re able to communicate in a respectful and confident manner. Good luck, and go get ’em!
Claire Hegstrom is an advocate of the credit union movement through and through. Passionate about financial education, she approaches money conversations from a candid and inclusive space focused on growth and awareness. As our credit union founding father, Ed Filene, once said, “Progress is the constant replacing of the best there is with something still better.” Claire hopes reading Money Mentor will help transform your life from the best to even better.
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