Current:Home > NewsHow do I show my worth and negotiate the best starting salary? Ask HR -Wealth Evolution Experts
How do I show my worth and negotiate the best starting salary? Ask HR
View
Date:2025-04-16 13:59:33
Johnny C. Taylor Jr. tackles your human resources questions as part of a series for USA TODAY. Taylor is president and CEO of the Society for Human Resource Management, the world's largest HR professional society and author of "Reset: A Leader’s Guide to Work in an Age of Upheaval.”
Have a question? Submit it here.
Question: I’ve been successful in job hunting, but I’ve always struggled to negotiate salary. I always feel ill-equipped to justify higher starting pay. How can I best negotiate a starting salary? – Carleton
First of all, most people would agree with you: Salary negotiation can be daunting. But with the right approach, you can increase your chances of securing the best possible compensation package. Here are some key things to keep in mind:
◾ Know the market. Use online tools and resources to research salary ranges for similar positions, particularly in your geographic area. Gather information about industry trends, as well as the company’s financial health and compensation practices.
◾ Understand your value. Identify the unique skills, qualifications, and accomplishments that will make you an asset to the company. Highlight specific examples of your contributions and their positive impact on previous employers.
◾ Consider the total compensation package. Evaluate the company’s benefits offerings, including health insurance, paid time off, flexible work arrangements, retirement plans, and other perks. Evaluate the potential for career advancement, professional development, and bonuses.
◾ Prepare your negotiation points. Develop a strong case for your desired salary, emphasizing your skills, experience, and the value you’ll bring to the company. Be prepared to negotiate other aspects of the compensation package, such as signing bonuses, incentives, or additional benefits.
◾ Build confidence. Practice your negotiation points with a friend or mentor. Approach the negotiation confidently and assertively while always remaining humble, respectful and collaborative.
Also – and I can’t stress this enough – it’s critical to approach your compensation discussion with humility. Too often, candidates go into the process with hubris and even arrogance, and while they may be negotiating with what they consider to be facts, they end up turning off the manager. An overinflated sense of value can embolden a new hire to talk themself out of a good job offer. I’ve seen it happen more than once.
It’s also important to keep in mind that the job market is slowing right now to the point where we’re looking at more of a buyer’s market than a seller’s market. So, when negotiating compensation, be cautious, know your value – in context – and have a firm understanding of the relative health of the overall labor market.
And finally, don’t base the value of the position solely on the compensation package. Take into account what opportunities it presents. How will it impact your career trajectory? What kind of professional development opportunities does the organization offer? Are you willing to trade a measure of compensation for an experience that benefits you down the road? A new job can often be a bridge to an even better opportunity in the future.
Temporary workWhat are the pros and cons of temporary jobs? Ask HR
If an employee’s spouse already has health insurance coverage, can the employer request the employee be on the spouse’s insurance rather than the employer’s coverage? – Sage
The short answer is: It depends. While some employers may encourage employees to use their spouse’s health insurance coverage, they cannot legally require it. The Affordable Care Act mandates that employers with 50 or more employees offer affordable health insurance to their employees and dependents.
Here are some common ways employers encourage employees to use their spouse’s coverage:
◾ Spousal surcharges: Some employers impose a fee on employees who enroll in the company’s health plan if their spouse is eligible for coverage through their own employer.
◾ Secondary coverage: Other employers allow spouses to enroll in the company’s plan as secondary coverage, meaning they must also be enrolled in their employer's plan.
◾ Educational campaigns: Employers may provide information and resources to help employees understand their health insurance options and make informed decisions.
It’s also important to note how state laws can vary. Some states have regulations limiting the amount of a spousal surcharge or prohibit certain practices related to health insurance coverage, such as gender discrimination in premiums.
I’ll add this: Before implementing any cost-saving measures, employers should consult with legal counsel and their state insurance commissioner to ensure compliance with local laws and regulations.
Ultimately, it’s the employee’s decision on whether to enroll in the employer’s health plan or their spouse’s plan. In today’s competitive talent environment, employers should absolutely strive to offer affordable and comprehensive health insurance options to meet the needs of their workforce.
Job strugglesWhat should I do when an employee's performance and attitude decline? Ask HR
veryGood! (871)
Related
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- California governor launches ads to fight abortion travel bans
- Cody Bellinger re-signs with Chicago Cubs on three-year, $80 million deal
- In light of the Alabama court ruling, a look at the science of IVF
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- You Can't Miss Emma Stone's Ecstatic Reaction After Losing to Lily Gladstone at the 2024 SAG Awards
- Brie Larson Looks Marvelous in Sexy Ab-Baring Look at the 2024 SAG Awards
- Wildfires are killing California's ancient giants. Can seedlings save the species?
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Pretty Little Liars' Shay Mitchell Praises Pregnant Ashley Benson Amid Her Journey to Motherhood
Ranking
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Railroad Commission Approves Toxic Waste Ponds Next to Baptist Camp
- Consumers are increasingly pushing back against price increases — and winning
- Video shows 7 people being rescued after seaplane crashes near PortMiami: Watch
- Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
- AT&T will give $5 to customers hit by cellphone network outage
- How Jason Sudeikis Reacted After Losing 2024 SAG Award to Jeremy Allen White
- How to watch and stream 'Where is Wendy Williams?' documentary on Lifetime
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Former NFL MVP Cam Newton involved in scuffle at 7-on-7 youth football tournament in Atlanta
You Can't Miss Emma Stone's Ecstatic Reaction After Losing to Lily Gladstone at the 2024 SAG Awards
What recession? Professional forecasters raise expectations for US economy in 2024
Intellectuals vs. The Internet
AT&T will give $5 to customers hit by cellphone network outage
Robert Downey Jr.'s Shoutout to Wife Susan at the 2024 SAG Awards Proves She's the Real Avenger
Biden and Utah’s governor call for less bitterness and more bipartisanship in the nation’s politics