Imagine you got through your dream interview and the offer letter has been extended to you. However, the salary offered is way below your expectations. What would you do? Let go of the job or accept what has been offered? There is a third alternative also which most forget. Negotiate for a better compensation. Here is how you can do it.
Do you know how disastrous not negotiating your first salary could be? A study conducted by George Mason University and Temple University researchers, and published in the Journal of Organizational Behavior has found that new hires who negotiated their starting salaries gained $5,000 on an average, which was worth over $600,000 over the course of a 40 year career.