It’s no secret here that it’s important to <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-salary-offer">negotiate your salary</a> and advocate for yourself, no matter the circumstances. However, several salary negotiation myths could be holding you back from doing just that.

Harmful narratives like “negotiating salary might be seen as combative” or “I shouldn’t get greedy” come from these myths, <a href="https://finance.yahoo.com/news/3-most-common-reasons-why-110051961.html">preventing employees from negotiating</a> and ultimately keeping them underpaid. I know it because I once had these same narratives running through my head.&nbsp;I didn’t negotiate at all for my first 2 jobs after college. I honestly thought I had no right to because I was so new to the field. Although I didn’t have any logical reason to think that, that fear comes from society’s general influence from the taboo of money and how talking about money can be seen as “rude”.&nbsp;Imagine if I negotiated my pay for those first 4 years of my career, what I could have done with that money, and how that would’ve affected my current salary. I feel jipped.&nbsp;It’s time to debunk these myths once and for all.

Did you negotiate your salary? New York City, NY📍#salarytransparentstreet

Key points:<ul><li>Negotiation myths keep workers overworked and underpaid, holding them back from years of additional earnings and wealth building.</li><li>Salary negotiation is a normal part of any hiring process.</li><li>Negotiating pay is a professional occurrence and demonstrates your value to the company. Especially when you come armed with your market rate.</li><li>Employers expect negotiations and are prepared for them. You should be too.</li></ul>

&nbsp;<h2>Myth #1: You’ll lose a job offer by negotiating salary.</h2>Why the myth exists:Thinking you might <a href="https://www.salarytransparentstreet.com/resource-hub/can-you-lose-a-job-offer-by-negotiating-salary">lose a job offer because you negotiated</a> is a common occurrence. Especially when you don’t have much experience negotiating. This myth arises from not having much experience negotiating and the fear of being seen as overly demanding.&nbsp;Debunking the myth:It isn’t a part of normal business operations to pull a job offer when a candidate negotiates, and could indicate a poor company culture.&nbsp;Negotiating salary is a common and expected part of the job offer process. Employers typically anticipate some level of negotiation when thinking about their budget for the position.&nbsp;<h2>Myth #2: You shouldn’t talk about pay too early in the interview process.</h2>Why the myth exists:This myth often stems from concerns about appearing overly focused on compensation rather than the job itself. Additionally, there may be a fear of pricing oneself out of consideration or creating an awkward conversation.Debunking the myth:

Discussing pay early in an interview process can actually benefit both parties. Many employers will even ask about salary expectations as a <a href="https://www.salarytransparentstreet.com/resource-hub/job-interview-questions-and-answers">job interview question</a>. It ensures alignment on salary expectations and avoids wasting time if there's a mismatch. It also demonstrates pay transparency and helps establish trust between the candidate and employer.Not knowing your market rate can put you at a disadvantage when interviewing for different jobs. You’ll need to do market research to make sure you’re getting paid fairly before moving forward in any hiring process. Use our <a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47">free Market Research Guide</a> and <a href="https://www.salarytransparentstreet.com/resource-hub/salary-negotiation-scripts">salary negotiation scripts</a> to help you bring up pay sooner rather than later.<h2>Myth #3: You shouldn’t ask for more money when the position already has a higher salary than your last job.</h2>Why the myth exists:Some individuals may believe that since the salary is already higher than their previous job, they shouldn’t push for more. The same thing applies when asking for a raise. They may fear that the employer would see them as entitled and greedy.&nbsp;Debunking the myth:Your worth is not solely determined by your previous salary. Asking for more is a common and reasonable practice, especially if the new role involves more responsibilities.&nbsp;It doesn’t matter how much of a <a href="https://www.salarytransparentstreet.com/resource-hub/highest-paying-jobs-without-a-degree">high-paying job</a> it is. Employers understand that candidates seek fair compensation based on their skills and the market value of the position.&nbsp;

Did you negotiate your salary? New York City, NY📍Salary Transparent Street™️

<h2>Myth #4: Only your salary is negotiable.</h2>Why the myth exists:Even though salary negotiations take center stage during job offers, money isn’t the only thing on the table. Many candidates may not realize that you can also <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-benefits">negotiate benefits</a> and perks.Debunking the myth:Employers often have flexibility in various components of the compensation package beyond just salary. Benefits like health insurance, vacation time, and professional development opportunities can all be subject to negotiation. Considering these factors holistically allows you to maximize your overall compensation and job satisfaction.

<h2>Myth #5: Negotiating is rude.</h2>Why the myth exists:There are cultural and societal norms that discourage discussions about money or perceived discomfort with assertiveness in negotiations. Some may fear that negotiating could be seen as ungrateful and hurt their chances of getting along with the employer. For instance, gender stereotypes may negatively affect negotiations. Even though research shows that <a href="https://www.salarytransparentstreet.com/resource-hub/gender-and-negotiation">women negotiate just as much as men do</a>, they may have entirely different experiences.&nbsp;Debunking the myth:Negotiating is a part of a professional hiring process and is far from rude. It's a crucial step in ensuring a mutually beneficial employment agreement. Employers anticipate negotiation and often respect candidates who advocate for themselves professionally.<h2>Myth #6: You should accept a low salary just because you’re younger.</h2>Why the myth exists:Younger individuals may feel pressure to accept lower salaries due to limited experience or the assumption that they should be grateful for any opportunity.Debunking the myth:Your age does not dictate your worth or what you deserve in terms of compensation. It's your skills, qualifications, and the contributions that matter. Accepting a low salary solely based on age perpetuates unfair compensation practices and undermines your value in the workforce.

Plus, <a href="https://www.salarytransparentstreet.com/resource-hub/pay-discrimination">pay discrimination</a> is illegal. Companies can’t discriminate against you based on your age, or anything else. Additionally, there are organized groups such as unions that exist for some of the <a href="https://www.salarytransparentstreet.com/resource-hub/highest-paying-trade-jobs">highest-paying trade jobs </a>that can help fight pay discrimination and negotiate on your behalf.<h2>Myth #7: You have to tell them your past salaries if they ask.</h2>Why the myth exists:There are historical hiring practices where employers commonly asked for past salary information as part of the hiring process. Some candidates may believe they are obligated to disclose this information to proceed with the application or negotiation process.Debunking the myth:You are not legally obligated to disclose your past salary to potential employers, and in many states, there are <a href="https://www.salarytransparentstreet.com/resource-hub/pay-transparency-laws">pay transparency laws</a> that prohibit employers from asking for this information.&nbsp;Revealing past salaries can perpetuate wage gaps and undermine your ability to negotiate based on your qualifications and the market value of the position. Instead, focus on discussing your salary expectations and the value you bring to the role.<h2>Myth #8: You shouldn’t negotiate higher than the posted salary range.</h2>Why the myth exists:This myth may arise from concerns about overstepping boundaries or appearing unrealistic in negotiations. Some may believe that the posted salary range represents a firm limit set by the employer and that negotiating beyond it is not acceptable.Debunking the myth:The posted salary range is often a starting point for negotiation rather than a strict boundary. Employers typically have some flexibility in adjusting salary offers, and also provide salary ranges. Negotiating higher than the posted range is not uncommon, especially if you can demonstrate the value you bring.

<h2>Myth #9: Rejecting an offer will ruin future opportunities.</h2>Why the myth exists:It’s normal to be scared of burning bridges in your career. No one wants to be perceived as ungrateful or difficult to work with. Candidates may worry that turning down a job offer from a particular company could negatively impact their chances of securing future opportunities with that organization or within the same industry.Debunking the myth:Rejecting a job offer is a common occurrence and is unlikely to permanently damage your professional reputation or future prospects. While it's essential to handle the situation respectfully and professionally, employers understand that candidates may have valid reasons for declining an offer.

<h2>Approaching Negotiations With Clarity and Confidence</h2>Anytime a negotiation myth pops into your head, a great way to help debunk it is to talk about it. You aren’t the only one who has these doubts. Start <a href="https://www.salarytransparentstreet.com/resource-hub/discussing-salary-with-coworkers">discussions with coworkers</a> and friends about salary, <a href="https://www.salarytransparentstreet.com/resource-hub/how-to-ask-for-a-raise">how to ask for a raise</a>, and your negotiation fears.&nbsp;Being transparent about our salaries helps to face these myths head on. <a href="https://www.salarytransparentstreet.com/resource-hub/the-importance-of-salary-transparency">Pay transparency</a> arms us with the knowledge and tools to not only increase our income, but also help us understand our overall value as job candidates.&nbsp;Remember that negotiating is another way that you’re demonstrating your value. If you don’t value yourself in your career, who will?&nbsp;Want to join the movement? Explore over 5,000+ individually reported salaries nationwide across all industries in our <a href="https://www.salarytransparentstreet.com/salary-database">Salary Database</a>!That wraps it up for this week. Until next time, stay awesome, stay strong, and keep advocating for yourself no matter what! I’m Daniella, a writer, engineer, and creator of <a href="https://iliketodabble.com/">I Like to Dabble </a>and <a href="https://iliketodabble.com/remote-work-bestie/">Remote Work Bestie</a> - my blog and podcast for leveling up your money, career, and side hustles. I’m extremely passionate about workers' rights and financial freedom, so it’s a pleasure to be able to bring you this type of content through the <a href="https://www.salarytransparentstreet.com/resource-hub">Salary Transparent Street blog</a> (thank you for the opportunity, Hannah!) You can also follow me on <a href="https://www.instagram.com/iliketodabbleblog/">Instagram</a>, <a href="https://www.tiktok.com/@iliketodabble">TikTok</a>, <a href="https://www.linkedin.com/in/daniellamarquez/">Linkedin</a>, and <a href="https://twitter.com/iliketodabble">Twitter</a>. Chat soon!If this guide helps you improve your negotiation skills, let us know! Send us an email ➡️ hello@salarytransparentstreet.comFor more Salary Transparent Street resources:<ul><li>Do you know if you're being underpaid? <a href="https://salarytransparentstreet.beehiiv.com/p/underpaid-quiz">Take our free quiz</a> to find out!</li><li>Need help determining your market rate? Download our free <a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47">Market Research Guide</a> to learn what you should be making.</li><li>Need help negotiating your salary? Download our free <a href="https://www.salarytransparentstreet.com/resource-hub/free-salary-negotiation-guide">Salary Negotiation Guide</a>!</li><li>Follow us on <a href="https://www.tiktok.com/@salarytransparentstreet">TikTok</a>, <a href="https://www.instagram.com/salarytransparentstreet/">Instagram</a>, <a href="https://www.facebook.com/salarytransparentstreet">Facebook</a>, <a href="https://www.youtube.com/salarytransparentstreet">YouTube </a>and <a href="https://www.linkedin.com/company/salarytransparentstreet/">LinkedIn </a>for daily pay transparency interviews and career news you can use!</li><li>Subscribe to our <a href="https://salarytransparentstreet.beehiiv.com/subscribe">weekly newsletter</a> for news updates, professional deep dives, learning opportunities, and more!</li></ul>

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9 Salary Negotiation Myths Debunked

There are many reasons why a layoff happens. Your employer could be downsizing, restructuring, or going through other operational changes. We’ve seen lots of layoffs recently with technology companies, but it can happen within any company!

How Much Do Software Engineers Make? Reactions to AI, Layoffs and More! The Break Room Episode 5

So, what can you even do when you get laid off?&nbsp;Layoffs are emotional and you’ll need some time to process, but it’s important to stay professional throughout the process. Sit with those emotions and feel your feelings, but don’t stay there.&nbsp;Follow these steps for what to do next.Key points:<ul><li>There are laws in place that protect workers’ rights in a layoff.</li><li>Get all of the details about your layoff in writing before you sign anything.</li><li>You may be entitled to a severance package, continuation of benefits, and unemployment.</li><li>Revisit your finances and adjust your budget to account for the loss of income.</li><li>Prepare a few things to re-enter the job market with, such as recommendation letters, resume and LinkedIn updates, and connect with your professional network.</li><li>Take it day-by-day as you handle the aftermath of your layoff and search for a new job.</li></ul>

&nbsp;<h2>Know Your Rights &amp; Revisit Your Contract</h2>Yes, employees have rights – even during a layoff! We reached out to retired employment attorney, <a href="https://delyannethemoneycoach.com/">Delyanne Barros</a>, to help us get a little more acquainted with what rights you may or may not have.&nbsp;After hearing the unsavory news of your layoff, expect a meeting request from human resources. It’s most likely to go over the details of the layoff and to ask for your signature.&nbsp;Barros says that employees should not sign anything before talking to an attorney. “Many employers will try to pressure you to sign a severance agreement or waiver on the spot. The best thing to do is to take it with you and say that you need to look it over carefully and that you will promptly get back to them,” says Barros.

Barros recommends that employees get familiar with the <a href="https://www.dol.gov/agencies/eta/layoffs/warn">Worker Adjustment and Retraining Notification (WARN) Act</a>. “Most states in the US are at-will states which means that an employer can fire for any reason or none at all. However, there are specific laws that apply to certain employers when conducting mass layoffs. The WARN Act requires employers with 100 or more employees to provide 60 days notice of any mass layoffs.”&nbsp;To find whether an employer has issued a WARN notice or not, a simple google search can help. ”An employee can look up whether their employer has issued a WARN notice by googling ‘Warn notice’ plus their state. Many states also have mini-WARN Acts that provide additional protections for employees at smaller companies,” she says.Employees’ rights outside of the WARN Act can get a little tricky, but Barros says to check your employment contract to see if it outlines any specific benefits in case of a layoff, and to reach out to the <a href="https://www.nela.org/">National Employment Lawyers Association (NELA)</a> to find an employment lawyer to work with.<h2>Request a “Layoff Letter”</h2>Your company can supply a confirmation letter, or “layoff letter”, that states that your position is being terminated. Ask them to include reasons for the layoff, the effective date of termination, date of your last paycheck, and details about any severance package or benefits that you’re entitled to.Having this letter gives you official documentation of your layoff, which may come in handy when applying for unemployment benefits and future job searches. It may be necessary if there are any disputes or legal issues related to the layoff.<h2>Understand Your Severance Package</h2>

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If you’re entitled to a severance package, lucky you! That will be your lifeline after your final paycheck – so don’t overlook it. It’s best to review all the details with a member of human resources so you fully understand your severance package and if it’s fair or not.Negotiation is the name of the game with severances. Just like <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-salary-offer">negotiating salary during a job offer</a>, severance packages can also be negotiated. Barros says this is where an employment lawyer also comes in handy, but many people hesitate to reach out to one because they think they’re only useful when planning to sue an employer. “However, I coached many clients behind-the-scenes during severance negotiations or negotiated on their behalf if they preferred it,” she says.Barros advises employees to “consult with an employment attorney in their state before they engage in severance negotiations. Most attorneys will offer a free consultation and may provide some guidance during that meeting.”Employees wanting to speak with an employment lawyer should check <a href="https://exchange.nela.org/memberdirectory/findalawyer">NELA’s referral directory</a> online.&nbsp;<h2>Ask About Benefits</h2>You should always negotiate. Layoffs are no exception. Similar to <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-benefits">negotiating benefits</a> during a job offer, go over your current benefits with human resources to see if compensation is warranted.&nbsp;Even if your benefit information is included in the layoff letter, discuss the specifics with human resources so you don’t have any unexpected surprises later on. Ask about health coverage changes, including the official end date of your employer-sponsored health plan and how to sign up for <a href="https://www.dol.gov/general/topic/health-plans/cobra">Continuation of Health Coverage (COBRA)</a>.&nbsp;But what about unused paid time off? You can absolutely get compensated for those if the company is able to include it.<h2>Look At Options to Continue Healthcare Coverage</h2>Depending on your employer, you may be able to sign up for COBRA to continue your health coverage. The time period for the coverage continuation usually falls around 18 months, but you’ll have to pay the full premium in addition to administration fees.

gif of larry david on snl saying "universal health care doesn't sound too crazy now, does it?"

Another option is looking at alternative health insurance options on the <a href="https://www.healthcare.gov/">Healthcare Marketplace</a>, or joining your spouse’s health plan.&nbsp;<h2>Review Your 401(k) &amp; Prepare for a 401(k) Rollover</h2>Your 401(k) is 100% yours and won’t go anywhere when you’re laid off. Employers will either keep it where it is, or transfer it to another 401(k) provider or Individual Retirement Account (IRA) of their choosing.&nbsp;This is where <a href="https://www.salarytransparentstreet.com/resource-hub/401k-rollovers">401(k) rollovers</a> come in. It’s a good idea to rollover your 401(k) after your last day of employment so you aren’t at the mercy of the company’s choices. When rolling over a 401(k), there’s the option of transferring it to an IRA of your choosing. We recommend <a href="https://www.hicapitalize.com/?utm_source=STS&amp;utm_medium=email">Capitalize </a>to easily do this for you for free - which is one less headache for you.

&nbsp;<h2>Ask Your Boss for a Letter of Recommendation</h2>You need as many resources on your side as possible when you reenter the job market. This is where your boss can help!

gif of simon on zoey's playlist saying "morning, boss"

Set up a quick 1-on-1 with your boss during your last weeks or months at your job to see if they can write a letter of recommendation for you and if you can use them as a reference. Another option is asking them if they can fill out a recommendation for you on LinkedIn to help your profile attract recruiters.<h2>File for Unemployment Benefits</h2>Unemployment benefits are available to laid off employees if your employer contributed to the state’s unemployment insurance program. Payments from unemployment benefits, and its duration, will depend on your state.&nbsp;Visit the U.S. Department of Labor website to find your state and <a href="https://www.dol.gov/general/topic/unemployment-insurance">file for unemployment benefits</a>.<h2>Revisit Your Finances &amp; Adjust Your Budget</h2>Now that you’ve lost your primary source of income, it’s time to review your finances. Log into your different accounts including your checking, savings, and any investment accounts to take stock of your current financial situation.&nbsp;Re-adjust your budget and cut any expenses you can. If you’ve saved an emergency fund, determine how much of it you want to use and how you can rework your budget to accommodate it.<h2>Update Your Resume &amp; LinkedIn</h2>

It’s probably been awhile since you’ve updated your resume and LinkedIn. Many of us forget about them the longer we stay at one job. It’s time to update and revamp both to help you stand out when applying for jobs.Add information about your most recent job to your resume. Update it to include not only what you did, but also include the impact and results of your contributions. Then update your information on LinkedIn, including your past role and the skills used in that role. It’s also helpful to add keywords in your LinkedIn headline and select that you’re “Open to work” on your profile.Need more help putting it all together? We got you. <a href="https://secure.money.com/lp/resume-builder/lp/best-resume-builders-sts?pcuid=keae7ea2e027&amp;jump_from_embed=true&amp;wafid=">Browse our recommended resume builders below.</a>

<h2>Tap Into Your Network</h2>Your network is one of the most valuable resources when searching for a new job. Reach out to past colleagues on LinkedIn or other platforms, and any recruiters you’ve had contact with in the past.If you’re in any local networking groups, such as a women’s networking group or alumni organization, reconnect with them and see what events are happening near you or virtually. Online groups, such as career-focused communities on social media, can also be helpful when building a professional network.<h2>Really Think About Where You Want to Go From Here</h2>

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Before diving head first back into a job search, ask yourself what you really want to do from this point on. Do you want to work for a company in the same sector? Do you want the same role?&nbsp;Also think about how much you want to get paid and what sort of benefits you’re looking for in your next job. Our <a href="https://www.salarytransparentstreet.com/salary-database">Salary Database</a> and free <a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47">Market Research Guide</a> can help when setting your market salary range.&nbsp;However, most people need a new job immediately to replace the loss of their primary income – especially when they don’t have an emergency fund to fall back on. You might have to charge right into a job search. If this is you, still think about what you really want to do. That next job isn’t going to be forever and if you find something better down the line, don’t be afraid to take it!<h2>Take Care of What Matters Most: Yourself</h2>Job hunting is exhausting. Take it day-by-day and know that you aren’t alone. It’s important to have some sort of structure in your days with a daily routine. Add some much-needed self care and set realistic expectations in your job search to promote a positive outlook.&nbsp;Please, please, please ask for help if you need it, whether that’s spending time with your friends to free your mind, working with a life or career coach, or reaching out to a mental health professional. There are people out there that can help you through this.That wraps it up for this week. Until next time, stay awesome, stay strong, and keep advocating for yourself no matter what! I’m Daniella Flores, a former engineer who writes about tech, money, and careers, a current member of the<a href="https://www.cnet.com/personal-finance/financial-review-board/"> CNET Money Expert Review Board</a>, and career researcher that’s appeared in TIME, CNBC, and Investopedia (among many others). I’m extremely passionate about workers' rights and financial freedom, so it’s a pleasure to be able to bring you this type of content through the<a href="https://www.salarytransparentstreet.com/resource-hub"> Salary Transparent Street blog</a> (thank you for the opportunity, Hannah!) You can also follow me on<a href="https://www.linkedin.com/in/daniellamarquez/"> Linkedin</a>. Chat soon!If this guide helps you improve your negotiation skills, let us know! Send us an email ➡️ hello@salarytransparentstreet.comFor more Salary Transparent Street resources:<ul><li>Want to join the movement? Explore thousands of individually reported salaries nationwide across all industries in our <a href="https://www.salarytransparentstreet.com/salary-database">Salary Database</a>!</li><li>Do you know if you're being underpaid? <a href="https://salarytransparentstreet.beehiiv.com/p/underpaid-quiz">Take our free quiz</a> to find out!</li><li>Need help determining your market rate? Download our free <a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47">Market Research Guide</a> to learn what you should be making.</li><li>Need help negotiating your salary? Download our free <a href="https://www.salarytransparentstreet.com/resource-hub/free-salary-negotiation-guide">Salary Negotiation Guide</a>!</li><li>Follow us on <a href="https://www.tiktok.com/@salarytransparentstreet">TikTok</a>, <a href="https://www.instagram.com/salarytransparentstreet/">Instagram</a>, <a href="https://www.facebook.com/salarytransparentstreet">Facebook</a>, <a href="https://www.youtube.com/salarytransparentstreet">YouTube </a>and <a href="https://www.linkedin.com/company/salarytransparentstreet/">LinkedIn </a>for daily pay transparency interviews and career news you can use!</li><li>Subscribe to our <a href="https://salarytransparentstreet.beehiiv.com/subscribe">weekly newsletter</a> for news updates, professional deep dives, learning opportunities, and more!</li></ul>

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What To Do When You Get Laid Off

Thank you to our partner Capitalize for collaborating with us and allowing this resource to come to life.Jobs aren’t quite the same as they were in the 90s. People don’t spend a decade or more at the same job anymore. They experience more <a href="https://www.salarytransparentstreet.com/resource-hub/what-to-do-when-you-get-laid-off">layoffs</a> and switch employers more often. With frequent job changes, it’s not a surprise that people leave their 401(k)s behind, often forgetting about them completely.&nbsp;Forgotten 401(k)s actually grew to $1.65 trillion in assets during 2021 and 2022, <a href="https://www.hicapitalize.com/?utm_source=STS&amp;utm_medium=email&amp;utm_campaign=q32023">according to Capitalize</a> which is a free service that helps people claim and rollover their old retirement accounts.

Enter the job hopper. “Job hopping” is a buzzword created online to give name to a phenomenon of when employees spend less than a year at a job before quitting to move to the next one in hopes of <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-salary-offer">negotiating a higher salary</a> and increasing their benefits, flexibility, and experience. It’s also what helped our founder, Hannah Williams, increase her own salary and eventually <a href="https://www.salarytransparentstreet.com/resource-hub/why-i-started-salary-transparent-street">start Salary Transparent Street</a>. Job hoppers are some of the most affected by forgotten 401(k) accounts and savings.When leaving a job after any amount of time, it’s your responsibility to decide what to do with your old 401(k). Unfortunately, these accounts don’t follow you from job-to-job and the longer you procrastinate dealing with them, the more you could lose out on those hard earned gains on investments, resulting in decreased retirement funds.&nbsp;Let’s dig deeper into how you can roll over your 401(k) after leaving a job and how to recover lost or forgotten 401(k) accounts.Key points:<ul><li>It’s most common to roll over your 401(k) to an IRA account after leaving a job.</li><li>Leaving your 401(k) with your employer could cost a ton in fees and you could lose out on significant gains.&nbsp;</li><li>401(k) rollovers are surprisingly easy and completely free, including lost and forgotten accounts.</li></ul><h2>What is a 401(k) Rollover?</h2>An employer-sponsored 401(k) is a common <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-benefits">work benefit</a> at many jobs that allows you to start contributing funds from your paycheck towards your retirement. Oftentimes the employer will match your contributions at a certain percentage, which is essentially free money invested into that account for you. Rolling over your 401(k) account after leaving a job is a process that makes sure you don’t lose this money.401(k) rollovers consist of transferring funds from an employer-sponsored retirement savings account to an individual account or new employer’s 401(k) plan. This financial strategy allows individuals to consolidate their retirement savings, providing greater control, less fees, investment flexibility, and potential for growth. You may actually be able to retire up to 4 years sooner just by reducing your 401(k) fees alone.&nbsp;

Rollovers are especially important for individuals who <a href="https://www.cnbc.com/2022/05/12/25-year-old-went-from-40k-to-115k-in-3-yearsher-negotiation-trick.html">change jobs frequently</a>, as they enable a seamless transition of retirement funds without incurring taxes or penalties, while also preserving a tax-advantaged status.<h2>401(k) Rollover Options and Rules</h2>When considering a 401(k) rollover, there are several options and rules to keep in mind. If you’re rolling over a traditional 401(k) account, you have the option to transfer those funds into another qualified retirement account, such as an Individual Retirement Account (IRA), a Roth Individual Retirement Account (Roth IRA) for rolling over Roth 401(k) accounts, or a new employer's 401(k) plan.&nbsp;Rollovers to a traditional IRA or a new employer's traditional 401(k) plan usually have no immediate tax consequences. The same goes for rolling over Roth 401(k) accounts into a Roth IRA. However, if you're moving funds from a traditional 401(k) to a Roth IRA or Roth 401(k), that is considered a Roth conversion and you'll need to pay income taxes on the converted amount.Generally, you have 60 days from the time you receive a distribution from your old 401(k) to complete the rollover if you do an indirect rollover. If you fail to do so, the distribution might be subject to taxes and penalties.

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The rules and options can vary, so it's essential to understand your specific circumstances and consult with professionals who can provide personalized advice based on your financial goals and needs. The professionals at <a href="https://www.hicapitalize.com/?utm_source=STS&amp;utm_medium=email&amp;utm_campaign=q32023">Capitalize </a>are a great place to start (and it’s completely free).<h2>How to Roll Over Your 401(k)</h2>To start your 401(k) rollover using Capitalize, <a href="https://www.hicapitalize.com/?utm_source=STS&amp;utm_medium=email&amp;utm_campaign=q32023">select the “Get Started” button on the Capitalize website</a>. From there you’ll be asked to provide a few details about your old retirement account and where you’d like to roll it over.With Capitalize, you can successfully transfer your old retirement account into an IRA that you control, not your old employer. It’s usually most common to rollover your old 401(k) to an IRA instead of a new employer’s plan. IRAs generally come with more flexibility for investment options and less fees than employer-sponsored 401(k) plans.

capitalize screenshot to initiate 401k rollover

If you don’t have any details about your old account, there is an option to select in which Capitalize will find your account for you. This is honestly my favorite Capitalize feature and has helped me find and rollover 3 lost 401(k)s of mine.

Once you locate your old 401(k), choose an IRA that best fits your needs for your rollover. This can be an existing IRA that you have, or a completely new one. If you don’t know where to begin with finding where to open an IRA at, Capitalize will also give you a few of their own suggestions based on what’s most important to you.

After all of the information is submitted, Capitalize takes it from there. Their team will begin processing your rollover, including all paperwork and communicating with your retirement account provider(s). They also don’t miss a beat in making sure the status is promptly communicated back to you, with up-to-date widgets for each rollover that are updated in real-time on the Capitalize dashboard.

capitalize screenshot of old 401k rollover status

Once the process is complete, Capitalize will notify you for any additional action needed on your part and you’re done!

capitalize screenshot of a completed 401k rollover notification

<h2>How Job Hopping Might Actually Help You Save More for Retirement</h2>Job hopping seems like a term that would reflect workers in a negative light. But that’s far from the truth.In today’s context, the term could potentially open up hiring managers to negative bias towards candidates with less than 1 year at a job listed on their resume. Realistically, job hopping represents people standing up for what they deserve and taking action. Their employers would dump them in a second in the name of profits. So, why can’t we do what’s best for our own finances? One of the ways job hoppers do this is by taking advantage of 401(k) matching benefits at each job that helps them to save significantly more, especially when moving to a job that has a better match.Then on top of that, they save more money on fees from making sure they rollover their old 401(k)s to an IRA using <a href="https://www.hicapitalize.com/?utm_source=STS&amp;utm_medium=email&amp;utm_campaign=q32023">Capitalize</a>, which could potentially help them retire even sooner!If you want to learn more about 401(k) rollovers and how to get started with your own today, check out <a href="https://www.hicapitalize.com/welcome/?utm_source=STS&amp;utm_medium=email&amp;utm_campaign=q32023">Capitalize </a>and initiate your first rollover for free. With 1,000+ 5-star reviews on TrustPilot, you really can’t go wrong.

That’s it for this week! I hope you enjoyed this resource on a wealth building tool that often gets overlooked. Until next time, stay awesome, stay strong, and keep advocating for yourself! I’m Daniella, writer, engineer, and creator of <a href="https://iliketodabble.com/">I Like to Dabble </a>and <a href="https://iliketodabble.com/remote-work-bestie/">Remote Work Bestie</a> - my blog and podcast for leveling up your money, career, and side hustles. I’m extremely passionate about workers' rights and financial freedom, so it’s a pleasure to be able to bring you this type of content through the <a href="https://www.salarytransparentstreet.com/resource-hub">Salary Transparent Street blog</a> (thank you for the opportunity, Hannah!) You can also follow me on <a href="https://www.instagram.com/iliketodabbleblog/">Instagram</a>, <a href="https://www.tiktok.com/@iliketodabble">TikTok</a>, <a href="https://www.linkedin.com/in/daniellamarquez/">Linkedin</a>, and <a href="https://twitter.com/iliketodabble">Twitter</a>. Chat soon!Download our free <a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47">Market Research Guide</a> to learn what you should be making.Need help negotiating? Our free <a href="https://view.flodesk.com/pages/64c03066207ff6fa282b6bac">Salary Negotiation Guide</a> has scripts and tips to get you a higher salary at your current (or new) job.&nbsp;&nbsp;Explore thousands of individually reported, contextual salaries across all industries in our <a href="https://www.salarytransparentstreet.com/salary-database">Salary Database</a>!Follow us on <a href="https://www.tiktok.com/@salarytransparentstreet">TikTok</a>, <a href="https://www.instagram.com/salarytransparentstreet/">Instagram</a>, <a href="https://www.facebook.com/salarytransparentstreet">Facebook</a>, <a href="https://www.youtube.com/salarytransparentstreet">YouTube </a>and <a href="https://www.linkedin.com/company/salarytransparentstreet/">LinkedIn </a>for daily pay transparency interviews and career news you can use!Subscribe to our <a href="https://salarytransparentstreet.beehiiv.com/subscribe">weekly newsletter</a> for news updates, professional deep dives, learning opportunities, and more!Send us an email ➡️ hello@salarytransparentstreet.com

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A Guide to 401(k) Rollovers

On April 16th, 2022, I stood on a sidewalk in Washington, DC and asked strangers two questions that would change my life forever: What do you do? And how much do you make?Almost a year prior, I had begun a new role as a Senior Data Analyst making $90,000 supporting a military health communications contract. Unfortunately, this role quickly morphed into an unanticipated nightmare.<h1>Not What I Signed Up For</h1>Within my first month on the job, my only colleague was fired (or in contract speak, ‘reallocated to a different contract’). We were already stretched thin supporting analytics for six different departments, and with his departure, my workload tripled overnight.As the newest employee, I was scared to rock the boat and didn’t question when the role would be filled. I was certain they wouldn’t let me struggle by myself for long, but slowly I started working earlier and later. Soon I realized I was both starting and stopping work when it was dark outside. Work-life balance? I didn’t know her.Our client was stoked with my work though and as a glutton for positive feedback, I didn’t want to let them down. To keep up with the workload, I started clocking in 50+ hour weeks and began feeling the creep of burnout.&nbsp;I went to my managers, the same ones who told me they had my back and prioritized my well-being, and asked for support. This was when I learned that the funding meant to replace my fired colleague had already been spent months ago on analytics software I had no need for.&nbsp;&nbsp;At this moment, I began to question my role. What did the future hold for me here? And the biggest question of all: for all this stress, was I being fairly paid?<h2>Finding Out I Was Underpaid</h2>I typed into Google “What should a Senior Data Analyst in Washington, DC make?”. Each link I clicked on confirmed that I was underpaid roughly $20,000.&nbsp;This realization that I was underpaid hit me like a ton of bricks.&nbsp;I was confused. I thought my salary was fantastic, but each source said otherwise.&nbsp;I was angry. For months I had sacrificed so much of myself, my time, and my energy for a role in which I wasn’t even making close to my market rate.&nbsp;I was disappointed. I thought my company had my back and wouldn’t take advantage of me. At the end of the day, I was a great employee that they got at a fantastic discount.I decided to move quickly and take action. I pulled together a formal letter <a href="https://www.salarytransparentstreet.com/resource-hub/how-to-ask-for-a-raise">requesting a raise</a> to match my market rate, which I supported with my market research, stellar reviews from our client about my work, and noting the impact I’d had on the contract.&nbsp;After several months of back-and-forth, my manager finally told me that they only granted raises to employees once they’d been with the company for at least a year, and even then, they didn’t hand out raises of more than 3-5% at any one time.<h2>What Now?</h2>I was shocked, but I refused to accept this fate. I immediately began looking for another job, and in my first interview, the recruiter asked me, “What are your salary requirements for this role?”Armed with my market research, I knew that I was looking for a range between $110,000-$120,000. I countered, “What is your budget for this role? I’m curious if my market rate falls in line with your predetermined budget.”Without skipping a beat, the recruiter responded, “Our allotted budget is around $115,000.” I told them that was exactly in line with my expectations, and a few interviews later, I accepted their offer of $115,000.Desperate to share what I had learned, I began posting videos on my personal TikTok account about these career experiences. I made a video sharing how much I made at every job I had, and the video went viral. Hundreds of people commented that they didn’t know analysts could make that much, that they worried they were underpaid too, and how this video had helped them realize their market rate.I began to conduct more research on pay transparency and learned that it would not only help close existing pay gaps that marginalized many workers, but it would also help improve employee productivity, morale, and loyalty. I realized that pay secrecy was helping companies profit off their workers by underpaying them, and something had to change.&nbsp;With that, Salary Transparent Street was born.&nbsp;<h2>Leading Change With Salary Transparent Street</h2>Our goal was simple: interview strangers about their careers, salaries, and experiences to help others recognize the value of pay transparency. Hopefully, with that momentum we could collectively demand corporations practice pay transparency. With the passage of multiple pay transparency laws in the past year and overwhelming support for pay transparency, I feel we’re achieving our goal.&nbsp;After posting our first video and going viral, I quit my analyst job to pursue this project full-time. Throughout my career, I’ve been searching for a role that would allow me to have a real impact and help people. Unbeknownst to me, realizing I was underpaid allowed me to create that dream job for myself by helping hundreds of thousands of people realize their market value and begin advocating for themselves.

Why I Started Salary Transparent Street

Your gender shouldn’t have anything to do with how much you get paid. It also shouldn’t have anything to do with how much you’re able to negotiate for. However, we unfortunately live in a world where discrimination happens and that discrimination can even lead to long-term financial impact.The <a href="https://www.pewresearch.org/social-trends/2023/03/01/the-enduring-grip-of-the-gender-pay-gap/#:~:text=The%20gender%20pay%20gap%20%E2%80%93%20the,every%20dollar%20earned%20by%20men.">gender pay gap</a> shows that women earn 82 cents for every dollar earned by men. Additionally, transgender women earn 60 cents, and transgender men and non-binary folks earn 70 cents for every dollar a cisgender man earns, according to the <a href="https://www.hrc.org/resources/the-wage-gap-among-lgbtq-workers-in-the-united-states">Human Rights Campaign</a>. These can lead to thousands and even millions of dollars less earned over the lifetime of their careers.&nbsp;

<a href="https://www.gsb.stanford.edu/faculty-research/faculty/margaret-neale">Margaret Neale</a>, a professor at Stanford, did an interesting analysis that shows that not negotiating is equivalent to working an additional 8 years. This shows that <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-salary-offer">negotiating salary</a> is absolutely important for not only your financial well-being, but also your professional success in your career trajectory.&nbsp;Negotiations themselves can’t solve <a href="https://www.salarytransparentstreet.com/resource-hub/pay-discrimination">pay discrimination</a>, the gender pay gap, and wealth gap in America - but they are still important. No matter your gender, you should have that skill in your back pocket ready to go at any time.&nbsp;This is why we spoke with Kathryn Valentine, the CEO of<a href="https://worthmorestrategies.com/"> Worthmore Strategies</a>, a consulting firm focused on advancing women in the workplace, to dig into negotiating regardless of your gender.&nbsp;

Key points:<ul><li>There are gender stereotypes that play into negotiations.</li><li>A collaborative mindset combined with effective language during negotiations can increase your chances of success.</li><li>It isn’t your fault that a company is discriminating against you in negotiations based on gender. It’s the company’s fault.</li></ul><h2>Is there a gender gap in salary negotiations?</h2>No, there is actually not a gap between which gender negotiates more. That happens to be a myth. But there is a gap between how different genders are treated in certain situations due to gender stereotypes.

Kathryn dug into research from <a href="https://www.cmu.edu/dietrich/sds/people/faculty/linda-babcock.html">Linda Babcock</a>, a professor at Carnegie Mellon, on the topic that sheds some light into the progress of negotiations over time. “Back in the early 2000s, men were negotiating about 7 times as often as women. The good news is there has been a lot of media attention and education on that in the past 20 years and recent research by Lee and Kray showed that men and women are negotiating at equal rates, but women are only successful half as often.”&nbsp;A big factor that holds people back from successful negotiations or <a href="https://www.salarytransparentstreet.com/resource-hub/how-to-ask-for-a-raise">asking for a raise</a> is the fear of backlash. “New research by <a href="https://projects.iq.harvard.edu/hbowles/home">Hannah Riley Bowles</a>, a professor at Harvard, shows that the risk of backlash is highest in gender non-congruent negotiations, for example, when men negotiate flexibility or women negotiate pay.” Fears of backlash can even lead to workers thinking that they could possibly <a href="https://www.salarytransparentstreet.com/resource-hub/can-you-lose-a-job-offer-by-negotiating-salary">lose a job offer by negotiating salary</a>.Knowing how to get around those fears, manage risks, and find strategies that work the best for you is key for a successful negotiation.&nbsp;<h2>Strategies for a Successful Negotiation</h2>Thanks to <a href="https://www.salarytransparentstreet.com/resource-hub/pay-transparency-laws">pay transparency laws</a> spreading across the country, several companies now list salary ranges on job postings. These numbers can help immensely to set expectations when talking about pay.Before diving into any negotiation, first determine what your market salary would be. Use our free <a href="https://www.salarytransparentstreet.com/resource-hub/free-market-research-guide">Market Research Guide</a> to help with that.&nbsp;Once you have that number, determine the absolute lowest you’re willing to accept a job for and the highest you can go based on your market rate. This will help you determine an estimated salary range when negotiating.During any negotiation, it’s important to know what you can and can’t negotiate for. Things like salary, signing bonus, and commissions are all acceptable things to negotiate for. Benefits like flexibility, remote work, additional training, retirement savings and even vacation days are all <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-benefits">negotiable benefits</a>.

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When thinking of what you want to negotiate for, Kathryn recommends asking yourself what it is you truly want, “Ask yourself: what can I ask for that will help me be more successful? Less stressed? Happier?”. Once you know exactly what it is you want, ask for these relationally.<h2>Examples of Effective Language</h2>Kathryn gives a great example <a href="https://www.salarytransparentstreet.com/resource-hub/salary-negotiation-scripts">salary negotiation script</a> for some effective language to use when negotiating, “For example, ‘As you know, last year I delivered 10% over my annual target. I think I can hit 15% this year, but to fully focus. I recently came across this benchmarking study and was surprised to see the average in my role is 10% higher than my current pay, even though I’m a top performer. How can we close that gap?’”.

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Another strategy that Kathryn recommends is to approach negotiations with a collaborative mindset. “Instead of approaching a negotiation as me vs. you, go in with an ‘us vs. the problem’ mindset. The problem is anything that prevents you from delivering the highest impact at the lowest stress level. Those things are a problem for the employee and the employer.”“Approaching the negotiation as something we can solve together increases chances of success and reduces the risk of backlash. For example, in a job offer negotiation you could say something like, ‘Given my background, I can deliver in this role. However, I do have another offer for a 20% higher salary. I've really enjoyed getting to know you and this company and I want to be here. Can you help me close that gap so I can join your team and start contributing here?’”<h2>Things That Are Out of Your Control</h2>As we know with every negotiation, there are things out of your control and toxicity in company culture that you should be aware of. If something doesn’t feel right to you during any negotiation, know when to walk away.

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Kathryn shares what she would do in a situation where it isn’t a good fit. “We know that combative (or assertive) negotiations is a gender-stacked situation in which women are set up to fail because it triggers societal gender norms that result in backlash. So whenever I'm negotiating with someone who refuses to discuss these topics collaboratively, I get wary. Is this someone I really want to work with?”&nbsp;I echo what Kathryn said but would add that transgender and gender nonconforming folks may feel this backlash as well.<h2>It’s Not You, It’s Them.</h2>Negotiating salary is one of the most important skills you need in your career, regardless of your gender. It’s always in your best interest to do so and if a company ever makes you feel like your gender is the problem in those negotiations, it’s not you – it’s them. Know when to walk away.

<a href="https://hbr.org/search?term=kathryn%20valentine&amp;search_type=search-all">Kathryn Valentine</a> is the CEO&nbsp; of Worthmore Strategies, a consulting firm focused on advancing women in the workplace. She has spoken at Harvard, Wharton, and Darden business schools, and her work has been featured in  <a href="https://hbr.org/2022/10/3-negotiation-myths-still-harming-womens-careers">Harvard Business Review</a>, the <a href="https://f1v3ff69.r.us-east-1.awstrack.me/L0/https:%2F%2Fwww.wsj.com%2Farticles%2Fyou-found-out-your-co-worker-makes-more-can-you-ask-for-a-raise-11670128550/1/01000184ea35b281-a129ff62-f1ed-4c74-865a-29b6eb928748-000000/DY3R0_XjdmMGYZl4FF7KaSRzZzo=299">Wall Street Journal</a>, <a href="https://www.fastcompany.com/90683849/want-to-prevent-burnout-try-negotiating?partner=feedburner&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=feedburner+fastcompany&amp;utm_content=feedburner">Fast Company</a>, <a href="https://www.forbes.com/sites/jenniferpalumbo/2021/12/29/how-women-can-negotiate-a-raise-and-advocate-for-their-careers/?sh=2f0b156e1e78">Forbes</a> and <a href="https://www.businessinsider.com/personal-finance/gender-pay-gap-2022-3">Business Insider</a>. You can download her free list of <a href="https://view.flodesk.com/pages/5fd8ba0b7f6569a396ccbbd2">75 Things Women Can Negotiate</a>.<h2>Are you being underpaid? Find out with our free quiz 👇</h2>&nbsp;

That wraps it up for this week. Until then, stay awesome, stay strong, and keep advocating for yourself no matter what! I’m Daniella, a writer, engineer, and creator of <a href="https://iliketodabble.com/">I Like to Dabble </a>and <a href="https://iliketodabble.com/remote-work-bestie/">Remote Work Bestie</a> - my blog and podcast for leveling up your money, career, and side hustles. I’m extremely passionate about workers' rights and financial freedom, so it’s a pleasure to be able to bring you this type of content through the <a href="https://www.salarytransparentstreet.com/resource-hub">Salary Transparent Street blog</a> (thank you for the opportunity, Hannah!) You can also follow me on <a href="https://www.instagram.com/iliketodabbleblog/">Instagram</a>, <a href="https://www.tiktok.com/@iliketodabble">TikTok</a>, <a href="https://www.linkedin.com/in/daniellamarquez/">Linkedin</a>, and <a href="https://twitter.com/iliketodabble">Twitter</a>. Chat soon!Do you know if you're being underpaid? <a href="https://salarytransparentstreet.beehiiv.com/p/underpaid-quiz">Take our free quiz</a> to find out!Need help determining your market rate? Download our free <a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47">Market Research Guide</a> to learn what you should be making.Explore over 5,000+ individually reported salaries nationwide across all industries in our <a href="https://www.salarytransparentstreet.com/salary-database">Salary Database</a>!Follow us on <a href="https://www.tiktok.com/@salarytransparentstreet">TikTok</a>, <a href="https://www.instagram.com/salarytransparentstreet/">Instagram</a>, <a href="https://www.facebook.com/salarytransparentstreet">Facebook</a>, <a href="https://www.youtube.com/salarytransparentstreet">YouTube </a>and <a href="https://www.linkedin.com/company/salarytransparentstreet/">LinkedIn </a>for daily pay transparency interviews and career news you can use!Subscribe to our <a href="https://salarytransparentstreet.beehiiv.com/subscribe">weekly newsletter</a> for news updates, professional deep dives, learning opportunities, and more!Send us an email ➡️ hello@salarytransparentstreet.com

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How to Get Paid More Regardless of Your Gender

It's perfectly normal to ask for a pay bump, especially if you've taken on more duties, gained more experience, or if your salary needs to be adjusted to match the market. But many don't know how to ask for a raise to begin with.According to a <a href="https://www.onepoll.us/the-average-american-employee-hasnt-received-a-raise-in-three-years/">survey by OnePoll</a>, the average American hasn’t received a raise in 3 years. Those who have, received an average of 3% yearly – which doesn’t even keep up with inflation.

Don’t let your fear of asking for a raise hold you back from earning more. It isn’t like you’re asking for a favor. Raises are how employers show recognition and make sure their employees are paid fairly as their responsibilities increase. They want to retain good talent and talent usually sticks around with a <a href="https://www.salarytransparentstreet.com/resource-hub/highest-paying-jobs-without-a-degree">high-paying job</a>.Asking for a raise is similar to <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-salary-offer">negotiating a salary offer</a>. There are several things to consider and steps to follow. In this article, we’ll dig into how to ask for a raise, when to do it, and what to say.Key Points:<ul><li>It’s normal to ask for a raise. You won’t get fired for it.</li><li>Know when to ask for a raise and time it wisely. The best time tends to be before employee review cycles.</li><li>Be polite when asking for a raise. Negotiations aren’t fights, they’re discussions with compromises.&nbsp;</li><li>Do market research to know how much to ask for using our free <a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47">Market Research Guide</a>.</li><li>Build a “brag sheet” of your responsibilities and accomplishments to back up your raise request.</li><li>Know what to say (and what to not say) when discussing a raise with your manager.</li><li>Draft a rough script of what to say during the meeting and practice it with another person.</li></ul>

&nbsp;<h2>1. Know when to ask for a raise.</h2>When you ask for a raise matters a lot. Timing is crucial, considering budget fluctuations, performance evaluations, and the company's raise schedule. If you're new, it's best to wait at least six months before bringing up a raise.

Before asking, think about the current financial health of the company and the best times of the year to ask. Employers usually hold annual or quarterly <a href="https://www.salarytransparentstreet.com/resource-hub/how-to-prepare-for-a-performance-review">performance reviews </a>with their employees, and if you have one approaching then your employer may already be preparing for a raise discussion.Employee reviews may have set raises the company gives out depending on if the employee gets “meets expectations” or “above expectations” such as 3%, 4%, 5%, and so on depending on your company’s budget. Know how to handle these discussions to negotiate a higher raise.&nbsp;For instance, if you receive a satisfactory review that only comes with a 3% raise, use your accomplishments and any recent increases of responsibility to push for more. If available, refer to the company's and team's business objectives for the year and show your manager a few ways you've met or exceeded expectations for those objectives.Another good time of the year to ask for a raise is the end of the fiscal year, which is a 12-month accounting period in which budgets are set, including salary adjustments such as raises. It may or may not align with the calendar year, so you will have to check what those dates are at your job.However, you don’t have to wait for employee reviews or a specific time of the year to ask for a raise. You should mention it frequently and check in on your goals to meet the expectations of a raise on a quarterly basis.<h2>2. How much of a raise should I ask for?</h2>When determining how much to ask for, consider your performance, achievements, and market value. It's often recommended to request a raise in the range of 5% to 15% of your current salary, but the specific amount will depend on your individual circumstances, your market rate, and the overall context of the request.&nbsp;If you don’t know your market rate, use our free<a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47"> Market Research Guide</a> to calculate what that is. This involves researching typical salary ranges for your position, level of experience, location, and other factors. Our <a href="https://www.salarytransparentstreet.com/salary-database">Salary Database</a> can help you with that part. &nbsp;

Underpaid? Here’s how to find your market rate using pay transparency laws! #salarytransparentstreet

Other tools to use for salary research include Glassdoor and Payscale. Once you find your market rate, adjust for your experience, role, and responsibilities and be prepared to present that data as you negotiate your salary.You can also <a href="https://www.salarytransparentstreet.com/resource-hub/discussing-salary-with-coworkers">discuss salary with coworkers</a> about their experience with negotiating raises at the company so you know what to expect. Thanks to <a href="https://www.salarytransparentstreet.com/resource-hub/pay-transparency-laws">pay transparency laws</a> across the United States, this is totally legal and your employer can’t retaliate against you for doing so.<h2>3. How to Set Up The Meeting With Your Manager</h2>It's important to be polite and professional in your approach when setting up a meeting with your manager to discuss a potential raise. Start by sending an email to schedule the meeting, clearly stating the purpose and desired outcome.&nbsp;Express your appreciation for their time and offer flexibility in scheduling. Provide a brief overview of the topics you'd like to discuss, including your performance, achievements, and reasons for requesting a raise. Don’t forget to schedule the meeting at a time when your manager is likely to be available and when you can have a focused and uninterrupted conversation.<h2>4. How to Ask For a Raise via Email: Template &amp; Example</h2>See below for an email template to use for your raise request, along with an example email using a real-life scenario with the position title of Digital Marketing Analyst.

Email template:Subject: Request for Salary ReviewDear [Manager's Name],I hope you’re doing well! I am extremely thankful for having the opportunity to learn and grow in my role as a [Position Title] at [Company Name]. I am proud of the work I’ve been able to contribute along with the team. As I continue to grow in my role and acquire new skills and responsibilities, I would like to take the time to discuss my performance and contributions, and request a salary review.Over the past [time period], I’ve had the opportunity to take on additional responsibilities and projects, such as [name 1 new responsibility] and [name 1 big project that you recently completed]. I believe that my efforts have contributed positively to the team and our company's goals.I’ve taken the initiative to research industry standards for my position, and based on my findings, I would like to request a salary adjustment to align with market rates. I am confident that my skills, experience, and achievements warrant this adjustment.I have outlined some key points below to support my request:<ul><li>Accomplishments: Highlight specific achievements and projects you have successfully completed.</li><li>Additional Responsibilities: Describe any additional tasks or duties you have taken on since your last salary review.</li><li>Market Research: Provide data or references to support your claim that your current salary is below market standards for your role.</li></ul>Could we schedule a meeting within the next few weeks to discuss this further? I understand your time is limited, so let me know which week works the best for you and I can find a time on the calendar that works best for the both of us. I am also willing to provide any additional information or documentation you may require.&nbsp;Thank you for considering my request and I look forward to our meeting.Sincerely,[Your Name]

Real-Life Email Example:Subject: Request for Salary ReviewDear Linda,I hope you’re doing well! I am extremely thankful for having the opportunity to learn and grow in my role as a Digital Marketing Analyst at ABC Company. I am proud of the work I’ve been able to contribute, along with the team. As I continue to grow in my role and acquire new skills and responsibilities, I would like to take the time to discuss my performance and contributions, and request a salary review.Over the past year, I’ve had the opportunity to take on additional responsibilities and projects, such as implementing a new social media advertising strategy and leading the development of our content marketing calendar. I believe that my efforts have contributed positively to the team and our company's goals.I’ve taken the initiative to research industry standards for my position, and based on my findings, I would like to request a salary adjustment to align with market rates. I am confident that my skills, experience, and achievements warrant this adjustment.I have outlined some key points below to support my request:<ul><li>Accomplishments: Successfully increased website traffic by 30% through SEO optimization and content marketing initiatives.</li><li>Additional Responsibilities: Took on an additional role of managing our influencer marketing partnerships, resulting in a 25% increase in brand visibility and engagement.</li><li>Market Research: According to recent data from industry reports and job postings, the average salary for Digital Marketing Analysts with similar experience and qualifications is $80,000.</li></ul>Could we schedule a meeting within the next few weeks to discuss this further? I understand your time is limited, so let me know which week works the best for you and I can find a time on the calendar that works best for the both of us. I am also willing to provide any additional information or documentation you may require.Thank you for considering my request, and I look forward to our meeting.Sincerely,Stephanie<h2>5. Prepare for the meeting.</h2>

Before your meeting with your manager, refer to the accomplishments, additional responsibilities, and market research that you included in your email. Then, expand on any other accomplishments that weren’t mentioned.&nbsp;A great way to do this is to create a brag sheet that includes all your “wins”. It’s best to note these throughout the year on a spreadsheet or in your notes app on your phone. But if you haven’t been doing that, go through your old emails and past projects (and their results) to gather what you’ve done.&nbsp;It’s also helpful to look for emails with testimonials from colleagues and management praising you. Save any emails with praise to a specific folder in Outlook for easy retrieval.From there, think about what you’ll say in the meeting and how to say it.<h2>6. Draft a rough script and practice, practice, practice.</h2>Another way to prepare for the meeting with your manager is to create a conversational script of what you want to say and how you’ll say it.&nbsp;The script may go something like this:Employee: Thank you for taking the time to meet with me, [Manager's Name]. I appreciate the opportunity to discuss my performance and potential salary adjustments.Manager: Of course, [Your Name]. What specifically did you want to discuss regarding your performance and compensation?Employee: Over the past year, I've taken on additional responsibilities and projects, such as [mention specific examples]. I believe these contributions have positively impacted our team and the company's goals. Considering industry standards, similar positions recently posted on the company’s website, my experience, skills, &amp; market rate, I believe a salary of [$X] makes the most sense moving forward.Manager: I see. Your contributions have definitely been valuable to the team. Let me look into the salary data you've provided and consider how it aligns with our budget and company policies.Employee: I understand and look forward to your response.Manager: Thank you for your understanding. Let me review the information you've provided and follow up with you soon.Employee: Thank you, [Manager's Name]. I appreciate your time and support.This conversation may differ depending on your unique situation and why you’re asking for a raise. To build confidence as you prepare, rehearse with another person to get acclimated to how the conversation may flow. Recording yourself to note your body language and speech patterns can also be a helpful way to prepare.For more scripts to use when negotiating salary, raises, and benefits, use our <a href="https://www.salarytransparentstreet.com/resource-hub/salary-negotiation-scripts">salary negotiation scripts</a>.<h2>7. Crush the meeting.</h2>

Come into the meeting with an open mind. You’ll have better luck negotiating if you’re clear and direct without being defensive. Negotiations aren’t fights, they’re discussions.Think of why your manager would want to give you a raise. How long have you been there? How have your responsibilities increased or changed since you were hired? When your job description changes, your pay should reflect that. All of these factors should be considered during this conversation.This is where you present your accomplishments and explain their business value. This is basically anything you’ve contributed that you can show how it positively affected the business (use that brag sheet!).&nbsp;For example, one of your accomplishments could be: “I’ve been leading several projects to correct website defects, which resulted in an increase in website traffic that eventually led to more product purchases. In these projects, I am taking on additional responsibilities that would normally be under a more senior position.” This shows how your contributions directly affected their profits&nbsp;<h2>8. What happens if the answer is “no”?</h2>The worst thing they can say is no. Right? But, what do you do when your request is rejected? If you don’t get the raise you hoped for, you might be able to compromise with your employer and <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-benefits">negotiate for additional benefits</a> like flexwork and more vacation time.If the answer is something along the lines of a “maybe”, be patient because it’s likely your manager has to revisit the team’s budget or get approval for your request.&nbsp;<h2>9. Send a follow up email after the meeting thanking your manager for their time.</h2>Your manager's time is probably limited and there are many things they might forget throughout the work day. Sending a followup email after the meeting that thanks them for their time and recaps key points will keep your request on the top of their mind.

Include your accomplishments in key points to make it easier for your manager if they have to get approval. Also link to your market research data that you referred to in the meeting.&nbsp; Managers love when their employees help make their job easier in ways like this.<h2>What Not to Say When Asking for a Pay Raise</h2>Now that we’ve covered all the things that you should say when asking for a raise, let’s cover what NOT to say.Avoid any of these statements if you want your raise request to be taken seriously:<ul><li>"I've been here longer than most people, so I should get a raise."</li><li>“I deserve a raise.”</li><li>"I heard [colleague's name] got a raise, so I should too."</li><li>"I'm struggling financially and need more money."</li><li>"I'll quit if I don't get a raise."</li><li>"I know the company is doing well financially, so why haven't I received a raise yet?"</li></ul><h2>Why You Should Always Negotiate</h2>Asking for a raise can sometimes mean the difference between a $85k and <a href="https://www.salarytransparentstreet.com/resource-hub/100k-salary-cities">$100k salary</a>. Imagine what you could do with that money!&nbsp;Negotiations are nothing to be scared of. These are standard procedures with employers, so make good use of them.

This is why <a href="https://www.salarytransparentstreet.com/resource-hub/the-importance-of-salary-transparency">salary transparency is so important</a>. It gives you both the data and confidence to navigate negotiations, and get paid what you deserve.&nbsp;<h2>Are you underpaid? Find out with our free quiz 👇</h2>&nbsp;

Want to learn more about how pay discrimination shows up in everyday work-life? Read our weekly Salary Transparent Street newsletter to stay up to date on all things compensation, money, and getting paid what you’re worth.

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Want to join the movement? Explore over 5,000+ individually reported salaries nationwide across all industries in our <a href="https://www.salarytransparentstreet.com/salary-database">Salary Database</a>!Author note: I’m Daniella Flores, a former engineer who writes about tech, money, and careers, a current member of the <a href="https://www.cnet.com/personal-finance/financial-review-board/">CNET Money Expert Review Board</a>, and career researcher that’s appeared in TIME, CNBC, and Investopedia (among many others). I’m extremely passionate about workers' rights and financial freedom, so it’s a pleasure to be able to bring you this type of content through the <a href="https://www.salarytransparentstreet.com/resource-hub">Salary Transparent Street blog</a> (thank you for the opportunity, Hannah!) You can also follow me on <a href="https://www.linkedin.com/in/daniellamarquez/">Linkedin</a>. Chat soon!If this guide helps you to get a raise, let us know! Send us an email ➡️ <a href="mailto:hello@salarytransparentstreet.com">hello@salarytransparentstreet.com</a>For more Salary Transparent Street resources:<ul><li>Do you know if you're being underpaid? <a href="https://salarytransparentstreet.beehiiv.com/p/underpaid-quiz">Take our free quiz</a> to find out!</li><li>Need help determining your market rate? Download our free <a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47">Market Research Guide</a> to learn what you should be making.</li><li>Need help negotiating your salary? Download our free <a href="https://www.salarytransparentstreet.com/resource-hub/free-salary-negotiation-guide">Salary Negotiation Guide</a>!</li><li>Follow us on <a href="https://www.tiktok.com/@salarytransparentstreet">TikTok</a>, <a href="https://www.instagram.com/salarytransparentstreet/">Instagram</a>, <a href="https://www.facebook.com/salarytransparentstreet">Facebook</a>, <a href="https://www.youtube.com/salarytransparentstreet">YouTube </a>and <a href="https://www.linkedin.com/company/salarytransparentstreet/">LinkedIn </a>for daily pay transparency interviews and career news you can use!</li><li>Subscribe to our <a href="https://salarytransparentstreet.beehiiv.com/subscribe">weekly newsletter</a> for news updates, professional deep dives, learning opportunities, and more!</li></ul>

green featured image with title text and a dollar bill with arrows

How to Ask for a Raise (With Examples and Scripts)

Navigating the art of <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-salary-offer">salary negotiation</a> can be a difficult task, especially when you’re scared that you could lose a job offer because of it. Don’t let that fear get the best of you.&nbsp;Worrying about all the bad things that could happen will only add insecurity to your efforts. Have you thought about what good things might happen? Because there’s a higher chance of a good outcome from negotiating rather than a bad one like a rescinded job offer.&nbsp;There are people that work some of the <a href="https://www.salarytransparentstreet.com/resource-hub/highest-paying-jobs-without-a-degree">highest-paying jobs without a college degree</a>. They're not only in the corporate world either. There are just as many <a href="https://www.salarytransparentstreet.com/resource-hub/highest-paying-trade-jobs">high-paying trade jobs</a> out there too. One reason they increased their pay is by negotiating their salary.&nbsp;Always negotiate your salary and benefits no matter what doubts may pop in your head. How you go about that is the secret sauce to getting what you want.

&nbsp;Key points:<ul><li>Job offers aren’t normally rescinded due to negotiating.</li><li>There are ways to avoid losing a job offer, but some things may be out of your control.&nbsp;</li><li>Don’t let fear stop you from negotiating and advocating for yourself. Always negotiate no matter what.&nbsp;</li></ul><h2>Can You Lose a Job Offer By Negotiating Salary?</h2>Can you really lose a job offer by negotiating salary? Well, yes and no. It’s actually a rare occurrence because employers expect people to negotiate when receiving a job offer. But it still happens as not all employers are the same. &nbsp;

For instance, <a href="https://www.thecut.com/article/ask-a-boss-job-offer-rescinded-after-negotiating.html">The Cut </a>published a letter from a woman who lost a job offer after negotiating, but most likely due to something that happened on the employer’s end. They almost didn’t publish the letter in fear that it would deter other women from negotiating, but thought it was important to share since the topic isn’t something that is talked about often.&nbsp;However, <a href="https://www.cnbc.com/2022/05/13/85-percent-of-americans-who-negtiated-a-job-offer-were-successful.html">a survey from Fidelity</a> found 85% of Americans and 87% of professionals ages 25 to 35 were successful when negotiating salary and benefits, meaning they got at least close to what they negotiated for. Remember, those odds are in your favor. If you let the fear of negotiating overcome you, you could lose out on some serious wealth building money in the future.<h2>Why Do Employers Rescind Job Offers?</h2>Usually it has little to do with you and everything to do with the employer. Pulling offers when a candidate negotiates is outside of normal business operations and could indicate that they lack a professional culture in their hiring process. If that’s the case, you probably don’t want to be working for them anyway.

On the other hand, there may be things happening on the employer side that fairly explains why they rescinded the offer, but they rarely reveal those details. They could’ve found a stronger candidate last minute, changed organizational needs, or received pressure to hire an internal candidate from higher up management.When negotiating salary and <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-benefits">benefits</a>, there will always be things outside your control. Instead, focus on what you can control.<h2>The Do’s &amp; Don’ts of Salary Negotiation</h2>There are several reasons why a job offer might be rescinded. When you can’t control much from what happens behind the scenes of the employer, you can at least control your end of the negotiation.Let’s dig into a few do’s and don’ts of salary negotiation so you can step into the discussion fully prepared.<h2>Don’t Make Unrealistic Demands When Negotiating</h2>When negotiating your compensation package or <a href="https://www.salarytransparentstreet.com/resource-hub/how-to-ask-for-a-raise">asking for a raise</a>, avoid responding with excessive counteroffers or demands that are unrealistic. These could be demands that are against company policy, rebounding with a new ask each time they respond, and anyway that shows you are unwilling to meet an agreement.&nbsp;<h2>Do Provide Proof of Your Value</h2>Make sure you have a justifiable reason that has to do with your value as a candidate when negotiating. For example, when negotiating for a higher salary but using personal preference instead of presenting it as your market salary could appear as a red flag to the employer. Our <a href="https://view.flodesk.com/pages/64c03066207ff6fa282b6bac?referrer=https%3A%2F%2Fwww.google.com%2F">Free Negotiation Guide</a> is a great resource to assist you in how to present your value to the company.

<h2>Don’t Be Combative or Aggressive</h2>This goes hand-in-hand with unrealistic demands, which could be seen as combative and an indication that you may be difficult to work with. If you act unprofessionally or aggressive during the negotiation, including passive aggressively, that could be another reason a job offer would be withdrawn.<h2>Do Make Sure to Be a Good Communicator During The Hiring Process</h2>When receiving a job offer, make sure to stay in constant contact with the recruiter and hiring manager in the most professional way possible. This includes when negotiating over the phone and email. Don’t leave them hanging for days without prompt communication of how long to expect when they’ll hear from you next. You want to show them that you are a good communicator and are reachable. This will also show them how you’ll perform in the new role and that you’re easy to work with when coming to an agreement.

<h2>Don’t Beat Around The Bush</h2>Talking about pay and benefits earlier in the interview process will help set expectations and prevent excessive negotiations after a job offer. If you were to ask about the salary in the first few interviews, that is an expected question to bring up and sets the stage for when negotiations come around during a job offer. Due to several <a href="https://www.salarytransparentstreet.com/resource-hub/pay-transparency-laws">pay transparency laws </a>across the country, it’s illegal in some states for them to refuse that question.<h2>Do Work On Your Timing</h2>Trying to negotiate after accepting a job offer or after a round of negotiations when terms were already agreed on could be a red flag as well, but isn’t always.&nbsp; If you decide to negotiate after accepting the job offer, we have a few <a href="https://www.salarytransparentstreet.com/resource-hub/salary-negotiation-scripts">salary negotiation scripts</a> to help you with handling that situation.&nbsp;<h2>When Job Offers are Non-Negotiable</h2>Another reason that isn’t talked about much is when a job offer is non-negotiable. If an employer sends you a job offer and states that it’s non-negotiable but you still try to negotiate, you may receive a response along the lines of, “This offer is non-negotiable and if that doesn’t work for you, then we can’t move forward.” In that case, it’s your decision to move forward with the job offer as-is or continue your job search.Considering a few of these reasons, you should still negotiate for a fair compensation package no matter what. It’s how you go about it that you should be careful of. Keep in mind what’s most important to you in that package, what isn’t, and what you’re willing to compromise on.

<h2>How to Avoid Losing a Job Offer During Salary Negotiations</h2>There will always be doubts that come to mind when approaching negotiations. Some call it “imposter syndrome”, but in reality it’s a very real and universal insecurity many folks share. Asking for money and advocating for your needs in any setting is uncomfortable, especially with added pressure from a job offer. Those doubts are just that - doubts. They aren’t real and are grounded in all the “what-ifs” that cycle through our mind when we get scared.But employers are not all evil overlords waiting to pull the rug out from every candidate that negotiates. Companies value people who advocate for themselves. If they don’t, how could they advocate and make sound decisions for the company in their job position?So, even if it’s possible to lose a job offer, it isn’t necessarily because you decided to negotiate. Always negotiate and advocate for yourself no matter what and use our <a href="https://view.flodesk.com/pages/64c03066207ff6fa282b6bac?referrer=https%3A%2F%2Fwww.google.com%2F">Free Negotiation Guide</a> as your own personal blueprint.

&nbsp;That wraps it up for this week. Until then, stay awesome, stay strong, and keep advocating for yourself no matter what! I’m Daniella, a writer, engineer, and creator of <a href="https://iliketodabble.com/">I Like to Dabble </a>and <a href="https://iliketodabble.com/remote-work-bestie/">Remote Work Bestie</a> - my blog and podcast for leveling up your money, career, and side hustles. I’m extremely passionate about workers' rights and financial freedom, so it’s a pleasure to be able to bring you this type of content through the <a href="https://www.salarytransparentstreet.com/resource-hub">Salary Transparent Street blog</a> (thank you for the opportunity, Hannah!) You can also follow me on <a href="https://www.instagram.com/iliketodabbleblog/">Instagram</a>, <a href="https://www.tiktok.com/@iliketodabble">TikTok</a>, <a href="https://www.linkedin.com/in/daniellamarquez/">Linkedin</a>, and <a href="https://twitter.com/iliketodabble">Twitter</a>. Chat soon!Do you know if you're being underpaid? <a href="https://salarytransparentstreet.beehiiv.com/p/underpaid-quiz">Take our free quiz</a> to find out!Need help determining your market rate? Download our free <a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47">Market Research Guide</a> to learn what you should be making.Explore over 5,000+ individually reported salaries nationwide across all industries in our <a href="https://www.salarytransparentstreet.com/salary-database">Salary Database</a>!Follow us on <a href="https://www.tiktok.com/@salarytransparentstreet">TikTok</a>, <a href="https://www.instagram.com/salarytransparentstreet/">Instagram</a>, <a href="https://www.facebook.com/salarytransparentstreet">Facebook</a>, <a href="https://www.youtube.com/salarytransparentstreet">YouTube </a>and <a href="https://www.linkedin.com/company/salarytransparentstreet/">LinkedIn </a>for daily pay transparency interviews and career news you can use!Subscribe to our <a href="https://salarytransparentstreet.beehiiv.com/subscribe">weekly newsletter</a> for news updates, professional deep dives, learning opportunities, and more!Send us an email ➡️ hello@salarytransparentstreet.com &nbsp;

Featured image with green background and illustration of people negotiating with title text that reads can you lose a job offer by negotiating 

Losing a job offer just by negotiating seems pretty unfair. Does that even happen? Let's dig in and learn the do's and don'ts of negotiating (and grab our Free Salary Negotiation Guide while you're at it).

Can You Lose a Job Offer By Negotiating Salary?

Salary negotiation can be challenging.&nbsp;For many professionals, the mere thought of entering into a salary negotiation can be daunting. According to a <a href="https://www.pewresearch.org/short-reads/2023/04/05/when-negotiating-starting-salaries-most-us-women-and-men-dont-ask-for-higher-pay/">Pew Research Center survey</a>, 60% of people did not negotiate their salary.&nbsp;The fear of sounding too aggressive or the uncertainty of knowing what to say often leads individuals to settle for less than they deserve. Women especially feel this when faced with negotiating and the risk of being seen as “too difficult” to work with due to bias.Even with the rise of <a href="https://www.salarytransparentstreet.com/resource-hub/pay-transparency-laws">pay transparency laws</a> across the US where employers are now required to disclose salary ranges for job listings in some states, it’s still important to negotiate your salary and advocate for yourself. Failing to negotiate could cost you millions over your lifetime.In the heat of interviewing and discussing salary with the recruiter or hiring manager, I’ve found having a few scripts ready to go helps to stay confident in those talks.

&nbsp;Key points:<ul><li>Salary negotiation scripts can serve as guides and empower you to navigate the negotiation process with more confidence (which is why we've included 11 of them for different scenarios).</li><li>Compensation is more than just your salary. It includes your benefits too, which should be accounted for when negotiating.</li><li>Negotiating salary over the phone can be overwhelming for some folks. If this is you, use our salary negotiation email template and script that's also included in this guide.</li></ul>

<h2>Should I negotiate by phone or email?</h2>Usually, &nbsp;job offers are presented over a phone call, in person, or during a video call. This is a tactic hiring managers use to create a sense of urgency that you need to accept the offer on the spot.&nbsp;Don’t fall for it.&nbsp;A good rule of thumb when receiving any job offer is to get the official offer in writing and to take at least 24 to 48 hours to review it. Be sure to communicate that timing with the hiring manager too. Next, what do you say?

<h2>Negotiating Salary Over The Phone</h2><a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-salary-offer">Negotiating a salary offer</a> over the phone can be tricky, especially if you don’t know your market rate. Never go into negotiations without a target number (or range) in mind. Our <a href="https://link.mail.beehiiv.com/ls/click?upn=zv0OIymeN4PLIGdIdZnih3jFGmiW-2FGSoxGGMGlser-2BwOguwBMTEgQJsY4qhH3rAAPOe2EDDI00UIy4ZEFawHABGe497xisoasZBHn5AtyhCIEK4-2Bddj3wOvg-2F16F7gbxhODfEdzWqqbwNdN7v7k8k1bj40e4E0fPXKKrIyryk3K8EoiBmFtN-2Fdy-2FV-2FrKejf3j45vCaxaI7ve0nvhRHVB11JGdFIa49aT7MScN5eU1dBeuEU5ox2tDx-2BpybJHW9oQDGXBZxpcY9zxgN2ZNBQ8iNvMW3h4MizQT-2BjBgPiefF9dD9LKrkH2tInX-2BTIx0SUSUNtAsRV5e0BHUDDAnFg-2FwDL4ymaFAiZLuh1bebye6X9gv53JUjfiK-2FG5KsvzvDU2h-2BxByzFaL1Gv9L6uVmo-2BNvRxG2-2FXSeY-2FS07LIEyTNj2J-2B96yaE2IxrTZvlSb10lC4Su80C2fFc3JE7ilaPSxK62Hvtn1Xh9hfwET7GPlB46aZW8DFkNP7ntMbSkc5a-2Bb8M3KRQGej9Kgj9UY-2BjjNYO9JE8MPshT20BYXhNqoecn3hdktrdgV8s7NvkdEb8t6Dgh72ii306aloofOY2nUJEfUxJ4-2FUThWsp-2FacWm74eD02GB75o8F24AAoj7lxMnx12HcnIaKO9kmZosvtvzeNY6OxPd4EGvU1J071feIQNo5XGb7bU2DtErElkOwMHjs-2Bfa2YRNTwrtohpUbnj9rAf-2BkpMKeEmtnRThVHZIwbLyaMz3okzZpfMvEZVB1ltuNGItqpV4ds-2FrAzRjmSGMjEJ9AROXnFmqr4E-2BS6Glo8vWCDt4ptqh87AIGbVkMne8rKmLBqlIvgJAqYlhPMBIP9VxOni2hNZo70xEcMRgUnYrz-2FHuv0S1rJ42-2B-2F3GhDQ-2Bx-2FSmXH-2FuYQSNO3bqEEcksTmAxJHBiQhmWhJc8YoWXkPs-3DHngR_e-2FZz2TLfiAVe-2FKyTwnKoPmSWDbgl6CfX1faZKhVNwddssNFki5EKYzS82J-2BO2Pyn-2BiPHMJYI2i8dWArze612NznX8V-2BEeqN2Jg6R5igUjFYgNx7sBYR0qc-2BHCeQFI1Z9pkY6BklfFnppiI1SZQhvllxP5JCKmMb6WcfLgwAbC1QSKrppXtVJUMQOqzs76zWOOHoyVe6aRAxRxg50czKwGJk-2BbLZq5fTpaoe0GKHrPwIUE1OLaR9jx9rLJwWUowy2x1k4NbgBrkhjQNoNF0WFN0s06-2F97H6RvYEv4FUth6Im09y2Ui8LtjQCuUnaaV2L3RFrltJ-2BmAu87sZTlENdrCqg7-2FrqlTvdk0bkcntcM8FbHVJjNI-2BSSZEKd-2F-2BNo-2BdcTaFftwpuquOW8ffBayNp6kmh-2Bn5uHH0Fax4pmvNyi4DXn3kGQpHtNdSYxiP03-2Fs8-2F">Market Research Guide</a> can help you with that.Even if you know your market rate, wait to negotiate until you have the offer in writing. You aren’t only negotiating your salary during a job offer, but you're also <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-benefits">negotiating benefits</a> like health benefits, sign-on bonus, stock options, vacation time, start date, remote work benefits, etc. These discussions can quickly get in the weeds and are easier to emotionally manage over email.Use the following script for when you receive a job offer over the phone to redirect the offer to your email:“This is great news! Thank you so much for the offer! It was great to meet you and I’m so excited to join the team. Before I can accept, can you please email me the complete offer and compensation package with both the salary and benefit information?” &nbsp;

Jimmy fallon gif of his saying this could've been an email

<h2>Salary Negotiation Email</h2>After you receive the written offer over email, it’s time to start negotiating! You can either review the offer over email and set up a call to discuss. Or, if you get nervous easily on phone calls like that and have a tendency to not advocate for yourself as much in a live interaction, you can reply and start your negotiation over email.Start off by thanking them again and showing your excitement. Depending on what you’re negotiating for, whether it’s a higher salary or better benefits, your reply would look something like this:“Dear [hiring manager’s name],Thank you again so much for the offer and sending all of this over! I am really excited to work with the team but there are a few things I want to discuss before accepting the offer. The salary is much lower than my market rate and salary expectations. Based on my understanding of the role, my experience, skills, and the results I’ve been able to drive in my professional career, I am looking for a salary of between [$X and $X]. What can we do to come to an agreement?I look forward to hearing from you to discuss further,[your name]”You might tweak your reply using any of the salary negotiation scripts below.If they ask you to jump on a call to discuss, keep your points in view during the phone call to stay on track, reinforce your experience, skills, results, and hold your ground. You got this!

<h2>Salary Negotiation Script Structure</h2>A salary negotiation isn’t meant to be a battle, even though they can feel that way sometimes. Instead, they’re a partnership.&nbsp;You aren’t fighting the hiring manager. You’re working with them to come to an agreement that works for the both of you. Keep this in mind when replying to job offers and using any salary negotiation scripts, especially your tone while handling them.The general structure that most salary negotiation scripts use follows a flow.<ol><li>Start with expressing your excitement and thanking the hiring manager or Human Resources associate that made the offer.</li><li>Share something positive about the interview process like how great it was to meet them and the team, and how excited you are to get started.</li><li>State that there are a few things you’d like to discuss and would like to see the entire compensation package with salary and benefits included before accepting the offer.</li><li>Take some time to carefully review the compensation package.</li><li>Counter offer with your expected salary or range and any additional benefits you’d like to negotiate for.</li><li>End with a positive sign off.</li></ol><h2>11 Example Salary Negotiation Scripts</h2>Add the following scripts to your tool box when going into job interviews and negotiations.

Gif of laverne cox saying stick to the script

<h2>When Bringing Up Salary in The Introductory Interview</h2>If the job listing didn’t include what the pay was for the job, you can ask the recruiter about salary in the introductory interview. Disclosure of pay range is actually required in several states such as Washington, California, and Pennsylvania. View our full <a href="https://www.salarytransparentstreet.com/resource-hub/pay-transparency-laws">map of pay transparency laws</a> across the U.S. to check what’s required in your state.Even if your state doesn’t require that the employer disclose the pay range, you have every right to ask what the pay is for the job you’re interviewing for. The sooner you ask, the better so you aren’t wasting hours of interviews to get the bad news that they don’t have the budget to pay you fairly.The best way is to ask when they prompt with a <a href="https://www.salarytransparentstreet.com/resource-hub/job-interview-questions-and-answers">job interview question</a> like, “Do you have any questions?”. Then respond with something along the lines of “What is the budgeted salary range for this position?”.&nbsp;If they respond with a budget that is too low, use this script:“That’s not within my market rate/the competitive rate for me and my peers. Is your budget flexible?”

<h2>When Asked What Your Salary Expectations Are</h2>If the hiring manager or recruiter asks you what your salary requirements are, use this script:“I’ve done the market research and I have an expected range in mind, but it’s a bit too early in the interview process for me to gauge the full scope of this position. Would you mind please sharing the budget for this role with me?”This exact script helped Salary Transparent Street founder,<a href="https://www.salarytransparentstreet.com/resource-hub/why-i-started-salary-transparent-street"> Hannah Williams</a>, get a $25,000 raise from $90,000 to $115,000!

michael scott gif of him saying i am declining to speak first

<h2>When The Salary Offer is Too Low</h2>If you receive a <a href="https://www.salarytransparentstreet.com/resource-hub/lowball-job-offer">lowball job offer</a>, reply with this script:“Thank you. This is wonderful news! I enjoyed meeting you and the team, and am beyond excited to work together. Before accepting the offer, I’d like to discuss the salary as it’s much lower than my competitive market rate. Based on my skills and experience, I’d be eager to accept a salary of [$X] for this position and [insert any benefits you’d like to negotiate for].”

giff of someone saying you're not going to insult me with a low ball offer

<h2>When The Written Offer is Lower Than The Verbal Offer</h2>When the written offer doesn’t match the verbal offer, this script will come in handy:“Thank you so much for sending over the written offer and full compensation package! However, I noticed that the salary on the written offer is lower than the verbal offer we discussed on our call, and lower than my market rate. Considering my skills, experience, results, and market salary for this position, I’d be eager to accept a salary of [$X] for this position and [insert any benefits you’d like to negotiate for].”

Brooklyn 99 gif saying uncool, uncool, uncool

<h2>When Providing a Desired Salary Prematurely That Was Too Low</h2>If you’ve disclosed your salary requirements too early in the process and find that your salary needs to increase to match the full scope of the position, use this script:“Thank you for considering my initial desired salary, I genuinely appreciate it. However, as we have progressed further in the interview process and I’ve learned the full scope of the position, I see additional requirements that were not explicitly stated in the job posting (give an example or 2). Considering these changes, I would feel most comfortable accepting a salary between [$X and $X].”

<h2>When Leveraging Job Offers From Other Companies</h2>If you get multiple offers that coincide with each other, leverage those in negotiations with this script:&nbsp;“Thank you. This is great news! I loved meeting the team and am excited to get started on the projects we discussed. Before accepting an offer, I’d like to discuss the salary as it’s much lower than my market rate. I was recently offered a position with another company (indicating if it’s a competitor or not), and am considering my options. Based on their offer, my skills, experience, results, and market salary for this position, I’d be eager to accept a salary of [$X] for this position and [insert any benefits you’d like to negotiate for]. I believe my experience in [x,y,z] can add significant value to the team.”

Gif of alexis from schitt's creek flipping her hair

<h2>How to Counter So They Don’t Rescind Their Offer</h2>Rarely a company might rescind an offer while negotiating. Employers expect people to negotiate and don’t rescind offers just because the potential employee tried to negotiate.&nbsp;However, they might withdraw their offer if the candidate asks for a salary that is unreasonable, has poor communication with the recruiter, or is rude and doesn’t work with the recruiter collaboratively to reach an agreement. There are also other factors that might be out of your control such as budget changes, restructuring the company where the position is no longer available, or going with an internal candidate.&nbsp;<h2>When They Can’t Budge on Salary</h2>

Nadja from what we do in the shadows saying this I know  how to handle

Let’s say you counteroffer and they are unable to budge on the salary. This is when you can try to negotiate for other things like remote work, more vacation time, or a sign-on bonus.Use this script template for negotiating for benefits:“Thank you for that information and I understand there isn’t room to budge on the salary. If the salary can’t be adjusted to accommodate my market rate, I’d be eager to accept the position for [$X] with the ability to work fully remote and an extra 5 days of vacation [or insert any benefits you’d like to negotiate for]. What can we do to make this work for the both of us?”<h2>When The Salary is Not Negotiable</h2>

Sometimes a company may have set compensation packages per level that are not negotiable. They will either tell you at the time of the offer or when you try to negotiate that the offer is non-negotiable since it’s already set in the budget.In this case, you’ll have to decide if you want to accept it or not, or move on.<h2>After Accepting an Offer but Changed Your Mind</h2>If you’ve already accepted the offer but have since changed your mind, don’t worry. It happens.This script will help get through that scenario, as long as you didn’t already sign the job offer:“Thank you so much for chatting with me today about the job offer! I know we recently came to an agreement of [$X] for the salary, however, since accepting the job offer I’ve had some time to dig deeper into the role and the full scope of the position. I am still interested in the position and would be ready to start with everything else we’ve agreed upon, but would like to negotiate the salary and would be eager to move forward with [$X] for the salary. Is this doable?”<h2>When Renegotiating Salary at Your Current Job</h2>

Michael and stanley from the office talking about how to get stanley to stay

When you’ve been at a job for a while but your pay isn’t matching the current role anymore, you have every right to <a href="https://www.salarytransparentstreet.com/resource-hub/how-to-ask-for-a-raise">ask for a raise</a> and renegotiate your salary!This script is perfect for negotiating a higher salary and better suited agreement:&nbsp;“Thank you again for taking the time to meet with me today. I’ve been with the company for [X] years now and love the work I do, as well as the team I work with. However, in that time, the scope of the role has changed with additional responsibilities. I’ve been asked to take on responsibilities of a more senior position, in addition to my current position. Before I can fully commit to that, I would like to review my current compensation package and reach a figure that better suits these new responsibilities. Considering industry standards, similar positions recently posted on the company’s website, my experience, skills, &amp; market rate, I believe a salary of [$X] makes the most sense moving forward.”If they can’t budge, ask for an increase in any of your benefits such as more paid time off, flexible working conditions, more parental leave, etc.<h2>Knowing When to Walk Away</h2>Never accept a job offer without negotiating. The worst thing they can say is no and if that happens, you always have the decision to walk away. You can find a <a href="https://www.salarytransparentstreet.com/resource-hub/highest-paying-jobs-without-a-degree">high-paying job</a> elsewhere.Consider your “must-haves” to advocate for with every job offer you negotiate, so you know when it’s time to walk away. Need help determining your market rate so you know when to walk away? Download our free <a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47">Market Research Guide</a> to learn what you should be making.Do you know if you're being underpaid? <a href="https://salarytransparentstreet.beehiiv.com/p/underpaid-quiz">Take our free quiz</a> to find out!Follow us on <a href="https://www.tiktok.com/@salarytransparentstreet">TikTok</a>, <a href="https://www.instagram.com/salarytransparentstreet/">Instagram</a>, <a href="https://www.facebook.com/salarytransparentstreet">Facebook</a>, <a href="https://www.youtube.com/salarytransparentstreet">YouTube </a>and <a href="https://www.linkedin.com/company/salarytransparentstreet/">LinkedIn </a>for daily pay transparency interviews and career news you can use!Explore over 5,000+ individually reported salaries nationwide across all industries in our <a href="https://www.salarytransparentstreet.com/salary-database">Salary Database</a>!Subscribe to our <a href="https://salarytransparentstreet.beehiiv.com/subscribe">weekly newsletter</a> for news updates, professional deep dives, learning opportunities, and more!Send us an email ➡️ <a href="mailto:hello@salarytransparentstreet.com">hello@salarytransparentstreet.com</a>

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Salary Negotiation Scripts to Use

Salary discussions at the office rarely happen but they should. Money is the very thing that causes everyone to be there for work in the first place, but it’s the last thing anyone wants to bring up.&nbsp;

Let’s be real. We’ve been told for so long that it’s tacky to talk about how much we make because the more silence there is around what employees are making, the more a company can profit off of those who are underpaid.This taboo can bring up insecurities, contribute to <a href="https://www.salarytransparentstreet.com/resource-hub/salary-negotiation-myths">salary negotiation myths</a>, and make conversations about pay difficult to start. Knowing how to approach the subject of salary with coworkers in a respectful manner is essential for having a productive conversation that helps everyone.Key points:<ul><li>There are policies in place against pay secrecy that protect employees when talking about pay.</li><li>When learning <a href="https://www.salarytransparentstreet.com/resource-hub/negotiate-salary-offer">how to negotiate salary</a>, discussing salary with your coworkers can help gather more compensation data.</li><li>The best salary discussions are mutually beneficial and lead with clear intentions.</li><li>There is a difference between your peers' salaries and your market rate. Be sure to research your market rate either before, during, or after these discussions.</li></ul>

&nbsp;<h2>Can you be fired for talking about pay?</h2>No, you can’t be fired for talking about your pay at work. There are <a href="https://www.salarytransparentstreet.com/resource-hub/pay-transparency-laws">pay transparency laws</a> in place to combat pay secrecy and protect employees from retaliation when talking about pay. According to the <a href="https://www.nlrb.gov/about-nlrb/rights-we-protect/your-rights/your-rights-to-discuss-wages#:~:text=If%20you%20are%20an%20employee,policies%20against%20using%20their%20equipment">National Labor Relations Act</a>, “employees have the right to communicate with other employees at their workplace about their wages.”&nbsp;

Are You Allowed to Talk About Salary in Your Workplace? (Legal Rights)

It’s an important right that you should exercise as much as you can, as appropriately as you can.What you can’t do is talk about other people’s salaries if you found out. For example, if you find out what colleague A is making and you talk to colleague B, you can’t tell colleague B what colleague A is making. Even HR can’t have conversations with other people about other people’s salaries.You can only share what you make.&nbsp;

Person saying we're gonna keep this between us

When it gets legally tricky is if the company you work for has any clauses that restrict you from having salary discussions on company time or company property.&nbsp;If this is the case for you, invite your colleague out for coffee or lunch to start that discussion. When these conversations are in more relaxed environments outside of the office, they tend to be much more productive anyway.&nbsp;<h2>Icebreakers to Begin Salary Conversations at Work</h2>It’s awkward and intimidating to start conversations about salary at work. First, give yourself grace. These conversations certainly aren’t normalized and it’s natural for you to feel weird about them.The best way to frame it is to present what your situation is first. Maybe you want to <a href="https://www.salarytransparentstreet.com/resource-hub/how-to-ask-for-a-raise">ask for a raise</a> or are simply curious to see if you’re being underpaid at your job.&nbsp;Start with something along the lines of, “After working at the company for X amount of time, I’ve been thinking about asking for a raise. After watching Salary Transparent Street, I’m wondering what is a fair number to ask for. What’s been your experience in your career with salary negotiation?”If you’re curious to see if you’re being underpaid, bring up the topic of something like employee reviews coming up or a new project or responsibility you’ve been given. These topics can be used to naturally steer the conversation into talking about pay.

Try to frame it in a way that isn’t directly asking them how much they make. Give them the opportunity to get the feel of the conversation and have it naturally evolve from there. Gauge how comfortable they are with it because it isn’t fair to force that conversation if they’re not ready.&nbsp;Something that tends to make starting these conversations easier is to first practice on friends and family.&nbsp;<h2>Do’s &amp; Don'ts of Discussing Salary With Coworkers</h2>Whenever you have these conversations, come from a place of respect and wanting to learn something that benefits you. Your intention behind wanting to start these conversations is an important element for how they’ll play out. There’s a difference between being nosy and wanting to have a productive conversation to learn something that can help with your career development.&nbsp;The conversation should also be mutually beneficial. If you’re wanting to ask someone about their compensation, are you willing to share yours in return?

Ilana broad city saying I respect you respecting me

<h2>What to Do With The Information</h2>If you find out you’re being underpaid from someone else’s salary, DO NOT storm into your manager’s office and point fingers.Legally (see above), you can’t tell them that your colleague is making [$X], which is higher than what you make, and then ask for a raise. You’ll need to present an argument for a pay increase competitive with the market rate of your peers based on your experience, skills, etc.Use what you’ve learned from your colleagues and then do your own research to find your market rate. Download our free <a href="https://view.flodesk.com/pages/626ccc8e1e8046b220253e47">Market Research Guide</a> to learn what you should be making.Then, use a sample script from our free <a href="https://www.salarytransparentstreet.com/resource-hub/free-salary-negotiation-guide">Salary Negotiation Guide</a>. to ask for a raise, or learn how to negotiate a job offer if you need to start looking for another job).&nbsp;Do you know if you're being underpaid? <a href="https://salarytransparentstreet.beehiiv.com/p/underpaid-quiz">Take our free quiz</a> to find out!Follow us on <a href="https://www.tiktok.com/@salarytransparentstreet">TikTok</a>, <a href="https://www.instagram.com/salarytransparentstreet/">Instagram</a>, <a href="https://www.facebook.com/salarytransparentstreet">Facebook</a>, <a href="https://www.youtube.com/salarytransparentstreet">YouTube </a>and <a href="https://www.linkedin.com/company/salarytransparentstreet/">LinkedIn </a>for daily pay transparency interviews and career news you can use!Explore over 5,000+ individually reported salaries nationwide across all industries in our <a href="https://www.salarytransparentstreet.com/salary-database">Salary Database</a>!Subscribe to our <a href="https://salarytransparentstreet.beehiiv.com/subscribe">weekly newsletter</a> for news updates, professional deep dives, learning opportunities, and more!Send us an email ➡️ <a href="mailto:hello@salarytransparentstreet.com">hello@salarytransparentstreet.com</a>

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