Employees pay for this job interview mistake all their lives

Employees pay for this job interview mistake all their lives

Getting a job is good, but not at any cost. Study reveals how poor salary negotiation affects an entire career.

Negotiating your salary during a job interview is a delicate exercise. For fear of asking too much and missing out on the position, many candidates accept a salary they consider too low. This creates frustration, but not only that, because such an attitude has consequences that burden the entire career…

In the absence of effective negotiation of the starting salary, the possibility of revising one's own salary mainly arises during annual interviews. This process often requires waiting a year, or even two at certain companies, before you get a formal opportunity to review your salary. If an employee accepts a disadvantage between hiring and renegotiation, the study shows that their poor initial negotiation has much more serious consequences.

Indeed, France Strat├ęgie found that on average an employee can hope to see their salary multiplied by 1.7 over the course of their career. A 2018 study of full-time employees born between 1935 and 1974 found that, on average, monthly wages start at 1,350 euros at age 25, rise rapidly at the start of their careers, stagnate above 2,000 euros, and increase again only at the end of his career, with 2300 euros. “Over the course of a full career, the average salary would therefore increase by around 1,000 euros,” state the authors of the study.

So, if in the first years of working life increases come quickly and give the impression of “catch-up”, we must take into account that there is a real plateau effect that affects the entire middle of the professional career. Salary maximization occurs only in later years. Therefore, poor wage negotiation in employment can have lasting effects on the income and financial well-being of employees. It is therefore essential that candidates prepare carefully and do not underestimate the importance of this step in the recruitment process.

Furthermore, the France Strat├ęgie study reveals significant differences in wages between men and women, as well as between graduate and non-graduate students. At the end of a career, the pay gap between men and women deepens, with a woman earning on average 110% of the average salary, while a man earns 130%.

As for college graduates, economists note a relative decline in the returns to degrees across generations. This is partly explained by the rapid increase in the level of qualifications of the working population, which is struggling to be absorbed in the labor market, leading to a decline in qualifications. However, if the wage gap between graduates and non-graduates is small at the beginning of their careers, it increases over the years. In the beginning, around 100 to 300 euros per month, it reaches an average of 1,000 euros at the age of 50.

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