Corporate Services, Inc.
208 Kishwaukee St. · Rockford, IL 61104
(p) (815) 962-8367 · (f) (815) 962-0940
www.corpserv.com

Applicants Getting More Aggressive About Negotiating Salaries: Report

Posted:

Another sign of a tightening job market: More than half of professionals (55%) participating in a recent survey said they tried to negotiate a higher salary with their last employment offer.

That is a 16-point jump from a similar survey conducted last year, according to research from Robert Half.

And it looks as though employers are ready to deal with the new dynamic. In a separate survey:

  • 70% of senior managers said they expect some back-and-forth on salary, and
  • about six in 10 (62%) are more open to negotiating compensation than they were a year ago.

Houston, Los Angeles, Miami Lead the Way

Other key results of the Robert Half research:

  • 68% of male employees tried to negotiate pay vs. 45% of women.
  • More professionals ages 18 to 34 (65%) asked for higher compensation compared to those ages 35 to 54 (55%) and 55 and older (38%).
  • Boston (80%), Denver and Washington, DC (78% each) have the most managers who said they expect job seekers to negotiate salary.
  • Houston (73%), Los Angeles (72%) and Miami (71%) have the largest number of executives more willing to discuss pay than they were a year ago.
  • Managers in Washington, DC (71%), Houston and Los Angeles (70% each) are most open to negotiating nonmonetary perks and benefits compared to last year.

What is the cause of the increased confidence in employees' leverage?

Experts point to two factors:

  1. increased competition for highly skilled workers
  2. more access to salary info via the Internet

Bottom line: In order to remain competitive, companies are going to have to be vigilant about monitoring compensation trends.

Posted In: Employee Benefits; Human Resources, General; Hiring/Recruiting

Want to know more? Read the full article by at HR Morning

More News from Corporate Services, Inc.