State:
November 08, 2005
How Negotiable Are Salary Offers?

Fifty-eight percent of hiring managers say they leave some negotiating room when extending initial offers, according to a recent survey by CareerBuilder.com.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

The company conducted the online survey, which included more than 875 hiring managers, from August 10 to August 22, 2005.

Nearly six-in-ten say they will extend a new offer once, and one-in-ten will extend a new offer twice or more if they really want the candidate. Thirty percent of hiring managers say the first offer is final.

"Attempting to negotiate a better offer is almost always in a candidate's best interest," says Richard Castellini, vice president of consumer marketing for CareerBuilder.com. "In fact, nearly one-in-ten hiring managers say they think less of a candidate who accepts the first offer. Salary negotiations demonstrate a candidate's determination, persistence, and recognition of the value he/she brings to an employer."

Thirty-four percent of hiring managers say highlighting specific accomplishments and results is the most convincing way for candidates to negotiate a better offer, Castellini says. Nearly one-in-three hiring managers say they consider a candidate's references first in salary negotiations.

Featured Free Resource:
Cost Per Hire Calculator
HCMPWS1
Copyright © 2024 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on https://Compensation.BLR.com
Document URL: https://compensation.blr.com/Compensation-news/Staffing-Training/Staffing-Recruiting/How-Negotiable-Are-Salary-Offers