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Wage Negotiations
for the New Grad!
Fresh out of college, most people are excited about landing that first job.
Given that most grads do not have work experience or only had a part time job
while studying, it is not easy to secure an executive position right away.
Starting from scratch, one has no choice but to start from the bottom in an
entry-level position then in time move to the top. The challenge most grads
face in applying for a job is the competition. Aside from those who just
graduated, there are also those who have left the previous job and are looking
for a new one.
According to hiring and compensation experts, there is not that much room to
negotiate when one is just a fresh grad. This is because that person does not
have substantial work experience as basis to negotiate for a higher wage
compared to those who have already worked before.
The range of the salary fresh grads get are based on the course one has
finished in college. To those who volunteered to be surveyed, it was found
that people who graduated from the sciences were able to get a higher salary
compared to those who graduated from the liberal arts.
A tip that may help a little in the negotiation process is knowing your
potential and not easily giving in or selling yourself short. In the course of
an interview, it will boil down to the how much you will be getting. Most
fresh grads accept what is given immediately and reply “ok” ending it there.
It is best to only talk about the salary when an offer has been made. If the
interviewer is good, it can wait. During that time, one can try asking how
much the company will give for someone in that position then be able to
negotiate about that further later on regardless of the figure that was given.
The applicant can then ask questions such as job responsibilities and mention
that the contribution one can give to the company is more important than the
salary you will be receiving showing the recruiter you are a team player.
Applicants can negotiate more by doing research on how much other companies
are offering for the same job before giving an immediate answer. By knowing
that information, it is possible for you to negotiate the salary offered for a
little more.
Getting a job is not only about a salary. This includes other things that the
company offers to its employees and by thoroughly checking out the other
benefits and perks, it can also help in deciding whether the applicant should
accept the job or not.
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