Negotiating starting salary is crucial for women to avoid $1.5 million in lost earnings
From Yahoo Finance: 2025-04-28 08:01:00
Negotiating your starting salary is crucial; research shows not negotiating can result in $1-1.5 million in lost earnings. Only 7% of women negotiate initial job offers compared to 57% of men. Career experts stress the importance of salary negotiation, especially for women. It can demonstrate seriousness, ambition, and protect from future salary loss due to career breaks.
For women, negotiating a higher starting salary is critical due to existing wage disparities. Negotiating can set you apart and show you mean business. A higher starting salary can also provide a buffer in case of a career break later on. Tips for successful negotiation include researching market pay, focusing on your value, and highlighting how you can support company goals.
When negotiating salary, view the initial offer as a starting point. Research industry pay to be confident in your request. Focus on the market value of your work and skills, not personal financial obligations. Highlight how you meet position requirements and bring additional skills to support your request.
Read more: This One Common Mistake Can Cost Women $1.5 Million Over Their Lifetimes