This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Forty-Nine Percent Of Workers Do Not Negotiate Job Offers, Finds CareerBuilder Compensation Survey

CHICAGO, Aug. 21, 2013 /PRNewswire/ -- A failure to negotiate a job offer means many workers are leaving money on the table. A new CareerBuilder survey finds that even though 45 percent of employers are willing – and expect – to negotiate salaries for initial job offers, almost half (49 percent) of workers accept the first offer given to them.

The nationwide survey—conducted online by Harris Interactive © on behalf of CareerBuilder from May 14 to June 5, 2013, among a representative sample of nearly 3,000 full-time, private sector U.S. workers and more than 2,000 hiring managers and human resource professionals—explored how both sides of the table approach salary negotiations and looked at compensation trends for the upcoming year.

Who is most likely to negotiate? Age: The survey found that a new hire's willingness to negotiate the first job offer usually comes with more experience. Fifty-five percent of workers 35 or older typically negotiate the first offer, which is significantly higher than workers age 18-34 (45 percent).

Gender: Men (54 percent) are more likely than women (49 percent) to negotiate first offers.

Industry: Professional & business services workers (56 percent) are the most likely to negotiate salary, followed by, information technology (55 percent), leisure and hospitality (55 percent) and sales workers (54 percent).  

"Many employers expect a salary negotiation and build that into their initial offer. So when job seekers take the first number given to them they are oftentimes undervaluing their market worth," said Rosemary Haefner, vice president of human resources at CareerBuilder. "Not every hiring manager will be able to raise the offer, but it's never a bad idea to negotiate—especially if you have experience and possess in-demand, technical skills."       

What do employers offer if unable to meet salary demands?If unable to meet the job candidate's salary requirements, a majority of employers are willing to provide alternative benefits. Employers said they would offer the following:
  • Flexible schedule: 33 percent
  • More vacation time: 19 percent
  • Telecommute at least once per week: 15 percent
  • Pay for mobile device: 14 percent

Thirty-eight percent said they would not be able to provide anything. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs