7 Salary Negotation Stats From 93,000+ LinkedIn Poll Responses

Hey {NAME}, I decided to poll a whole bunch of people on LinkedIn about salary negotiation. 93,000 of them responded! My team and I just spent the last few weeks combing through that data with two goals in mind: 1. We wanted to know how many candidates are following best practices when it comes to negotiating salary 2. We wanted to identify data-driven opportunities that could help job seekers negotiate more money for themselves The answers were pretty surprising! We [published them in a 2,000+ word article]( breaking down the data and how you can leverage it, with actionable steps that will help you maximize next salary negotiation. Here's a rundown of the stats: 1. People Who Negotiate Salary Earn More Over The Course Of Their Career, But 54% Of People Didn't Negotiate Their Salary For The Last Job They Were Offered That's crazy when you think that not negotiating your salary can potentially mean earning $600,000+ more over the course of a 40-year career. Don't take our word for it, though. According to the [Harvard Law Schools Program of Negotiation](), a 25-year-old employee entering the job market at $55,000 per year will earn about $634,000 more over the course of a 40-year career, assuming annual 5% raises. 2. When It Comes To Negotiating Salary, People's #1 Fear Is Losing The Job Offer (50% Of Candidates) Contrast this data with [this report from VidCruiter](, which found: - 90% of employers say they have never pulled off an offer because of negotiations - 73% of employers agree they are not offended by negotiations - 84% of employers always expect candidates to negotiate This data pretty much covers the fears of 85% of candidates who aren't negotiating their salaries because they fear losing their jobs or seeming greedy. Bottom line? The company's offer is just their opening bid, and most expect candidates to negotiate. 3. While Half Of The Candidates Are Afraid Of Losing The Offer, 93% Of Those Who Negotiated Their Salary Actually Got More Than The Original Offer Still not sure if you should negotiate? This data should wrap that up. A whopping 93% of people who replied to this poll stated that they got more than the original offer when they negotiated. And 46% of them actually got more than they were even expecting! 4. 65% Of Candidates Spent Less Than One Hour Preparing To Negotiate, While 33% Didn't Spend Any Time At All This one blew our minds. This conversation is your ticket to making more money. Not just immediately in this role, but for every future job going forward! The fact that 65% of people are spending less than an hour preparing is scary. The fact that 33% didn't even prepare at all is crazy. These conversations are uncomfortable, I get it. But failing to prepare for more than an hour is quite literally costing you tens, if not hundreds, of thousands of dollars over the course of your career. 5. When It Comes To Compensation, Base Salary Is The #1 Priority For People (77% Of Candidates) No surprises here! People like the guaranteed security of the same number hitting their bank account every month. Just remember that, if companies don't budge on base salary, the other options provide great leverage to continue the conversation and keep the offer value high. 6. After Accepting An Offer, 90% Of Candidates Would Revoke Their Acceptance If They Received A New, Better Offer I was glad to see this data, because I believe it's the right move. I wrote a LinkedIn post on this topic ([which you can read here]()), but sticking with the original offer at a company that is less aligned with your values and isn't paying you as much is only hurting one person -- you. 7. When It Comes To Promotions Or Pay Increases, 68% Of Candidates Believe Their Background, Race, Or Ethnicity Has Prevented Them From Reaching These Achievements Diversity and inclusion are causes that many companies publicly advocate for. However, our last LinkedIn poll shows that nearly 70% of respondents believe their background, race, or ethnicity had prevented them from achieving promotions or pay increases. But that doesn't mean they should prevent you from reaching the destination you deserve. The best way to get there? Take advice from people who already have what you want and who've come from a similar background. I interviewed 5 people from a broad range of backgrounds and asked them for their best advice to help overcome this. You can see what they said [in the full article.]( That was a LOT of information. So how do you leverage this data to get a leg up when you negotiate salary for your next job or promotion? >> [You click here to check out the full article we wrote on the data!]( For each data point above, our team distilled it into a tangible, step-by-step strategy that you can use to win over your employer and negotiate yourself a higher compensation package. Even if you only leverage one of these, you're going to massively increase your odds of winning that negotiation. Good luck out there! Be well, Austin [Cultivated Culture] Land a job you love without applying online. How Can I Help You? [Build A Resume](=) [Score Your Resume]() [1:1 Career Coaching](=) [LinkedIn Analyzer]( [Twitter]() [Twitter]() [Podcast](=) [Twitter]( You are receiving this email because you subscribed to get more career-related content on [cultivatedculture.com](). 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