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re: Millennials: Not Negotiating Your First Job Offer Will Cost You (up to $0.5M)
Posted on 9/17/14 at 9:34 pm to Cold Cous Cous
Posted on 9/17/14 at 9:34 pm to Cold Cous Cous
quote:
If college grads had no leverage, they would all be paid minimum wage. That obviously isn't true. Contrary to the boomer flame being run on this board, companies don't hire you because they're doing you some kind of favor for which you should be eternally grateful. They hire you because they think you can add more value than you cost, in the short run or long run.
You're missing the point, and I'm far from a boomer. Just a millenial who has been in the work force for six years, and is now in a position to interview college grads.
The degree (and maybe an internship) is the minimum required to obtain the job. In the eyes of the employer the maximum an undergrad has achieved is the degree (+ maybe an internship). So if the employer's minimum requirement and a college grad's maximum offering are the same, then what exactly are you leveraging to negotiate a higher salary than what was originally offered?
1
Posted on 9/18/14 at 7:39 am to Cold Cous Cous
quote:
If college grads had no leverage, they would all be paid minimum wage. That obviously isn't true.
If they raise minimum wage like they are talking about it won't be that far off
Posted on 9/18/14 at 9:37 am to MStant1
If you assume that all recent grads are entirely fungible and indistinguishable. But that's not right, either, or you wouldn't bother with searching resumes and interviewing.
The advice to millenials in this thread boils down to "always accept their first offer, no matter what!" That is literally the worst way to negotiate anything. Like I said, things are different if you've been unemployed for six months after graduation before you finally get your first offer, and I release that's a reality for some people. But for others- why lie down so easy?
The advice to millenials in this thread boils down to "always accept their first offer, no matter what!" That is literally the worst way to negotiate anything. Like I said, things are different if you've been unemployed for six months after graduation before you finally get your first offer, and I release that's a reality for some people. But for others- why lie down so easy?
Posted on 9/18/14 at 11:02 am to Cold Cous Cous
It's starting to become obvious that you are still in college. I guess I'll be the barer of bad news. Most college graduates are fungible. For the first 6 months after you take your position, you are costing your company time, money, and effort to teach you how to actually do the job. A lot of entry level jobs are complete and utter meat markets.
Posted on 9/18/14 at 11:45 am to Jcorye1
quote:
It's starting to become obvious that you are still in college.
I will take this as a compliment to my youthful nature
Posted on 9/18/14 at 12:08 pm to Cold Cous Cous
I took a guess haha.
Maybe you were one of the few who wasn't a fungible product. If so, I commend you my good sir. Lord knows I completely messed up in college; however, I've started making a very positive name for myself.
Maybe you were one of the few who wasn't a fungible product. If so, I commend you my good sir. Lord knows I completely messed up in college; however, I've started making a very positive name for myself.
Posted on 9/18/14 at 6:17 pm to Cold Cous Cous
quote:
If you assume that all recent grads are entirely fungible and indistinguishable. But that's not right, either, or you wouldn't bother with searching resumes and interviewing. The advice to millenials in this thread boils down to "always accept their first offer, no matter what!" That is literally the worst way to negotiate anything. Like I said, things are different if you've been unemployed for six months after graduation before you finally get your first offer, and I release that's a reality for some people. But for others- why lie down so easy?
So like I and others have said in this thread your ability to negotiate a salary straight out of school with a company that hires a lot of undergrads is very small. Big 4, Large Banks, Big oil, large engineering companies, etc. all by and large set standard starting salaries across the board.
If you got to work with a small company or some mom and pop, then you might in fact have some ability to negotiate.
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