12You Must Negotiate
Your Brain Is Stupid
Congratulations! You now have an offer in hand. Big decision time. How much are you willing to pay to avoid having a single conversation about salary before you start?
- $5,000?
- $7,500?
- $15,000?
- $20,000?
Does that seem like a silly question? Do the numbers in options A through D seem ludicrous?
Well, they're not. In a 2019 survey of more than 50,000 job seekers on ZipRecruiter, 64% reported accepting the first offer they received, which means they chose one of the preceding answers.
The median salary in America is $56,000, and the average person holds a job for four years.1 Negotiating for just 5% more during the initial offer is an additional $2,800 per year. That’s almost $11,000 more over the lifetime of the job and that’s without assuming you get annual raises!2
I get it. For most people, negotiating is painful. It's not your fault. It's how your brain is wired. We all suffer from what's known in behavioral economics ...
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