37 Salary Negotiation Statistics for 2021
Are you curious about the state of salary negotiation in 2021? These salary negotiation statistics will guide you.
If you have ever tried negotiating for a salary before, how did it go?
Salary negotiation is one of the biggest steps you could ever take in your career because it’s when you finally work up the courage to tell your employer that you deserve more than what they are paying you now.
Nevertheless, this courage of asking for more pay doesn’t always come easy, which is why most workers like yourself prefer not to broach the salary increment topic with their boss first until they are invited formally by the employer to discuss it.
If this is you, two things you should know are, one you shouldn’t have to wait for your boss to award you a raise. If you want a raise, just ask for it. The second thing is, asking for more money doesn’t make you greedy matter of fact, salary negotiation is more common than you think.
For you to know what other people in your field or professional level are asking for, the best thing for you to do is to pay attention to salary negotiation statistics. Thankfully, we have helped you collect several salary negotiation statistics for your reference.
Check out these salary negotiation statistics in Nigeria also.
Top Salary Negotiation Statistics
Our salary negotiation statistics have been divided into three sections so that you can get an equal view of all the factors like: gender, professional experience, employer cooperation affecting salary negotiation and it’s effectiveness.
Gender-Based Salary Negotiation Statistics
In a professional setting, gender should never be a yardstick for measuring who gets to earn more money than a colleague, but statistics have shown that when it comes to salary negotiation, women are usually more disadvantaged than men.
Men Negotiate More
- 46% men negotiated their salary more than 34% of women.
- Women don’t immediately negotiate for salary at job interviews, they wait till later.
- At job interviews, men want to know immediately if the job is financially feasible.
- 31% of women are more uncomfortable with negotiating salary.
- 26% of female executives are more uncomfortable negotiating salary compared to 14 % of male
- 70% of managers expect a salary and benefits negotiation from candidate during a job offer, 46% of men take the risk and negotiate compared to 34% of women who don’t negotiate.
- Not negotiating salary at a new job offer disadvantages women.
- 61% of men are more confident when it comes to negotiating for salaries compared to 53% of women who lack this confidence.
- There’s a large gender bias in the Mining, Quarrying, and Oil and Gas Extraction industry.
- More women than men in these industries asked for a raise 51% women vs. 40 % men, but men in these industries received a raise without having to ask or have always been happy with their current salary.
- 54% of women in these fields are more likely to receive the increase they requested for over 47 % of men.
- Women with an MBA degree face gender bias the most in salary negotiation.
- only 48% of female MBA graduates received a negotiated raise than other 63% of male MBA graduates.
- Meanwhile 21 % of female MBA graduates are denied raise even after applying for one, compared to 10% of male MBA graduates.
- Men are paid more salaries than women for the same job roles 60% of the time.
Professional Experience Salary Negotiation
Usually, the higher you go on the career growth ladder, the more you are worth to your employer and this worth is appreciated in salary increase.
However, salary negotiation based on professional experience, isn’t something that you should wait 5 or 10 years after you start working to get into. You can actually negotiate for a higher salary right there at the job interview, or before you accept the job offer.
- Most job seekers don’t search for higher paying jobs.
- Less than 40% of job seekers negotiated the salary during a job offer.
- Due to lack of talent, job seekers have the power to negotiate for higher salary.
- 54% of job seekers are more comfortable negotiating salary with a new employer.
- 84% of job seekers who negotiated salary, got a higher pay.
- Salary transparency tools like GlassDoor makes it easier for job seekers to know appropriate salary for each job role.
- Only 39% of job seekers negotiated salary at their last job offer.
- Most job seekers lack the necessary negotiation skills, which is why they don’t negotiate for a higher salary at a job interview.
- 45% of employees aged 18-34 are more likely to negotiate salary than 40% of those ages 35-54 and 30% of those aged 55 or older.
- Earning a higher annual salary puts you in a better position to receive a raise.
- 54% employees with low job satisfaction are more likely to ask for a raise than the 41% satisfied with their jobs.
- 19% of unsatisfied workers recieved a salary increase.
- 44% of workers with high job satisfaction receive the amount they negotiate for.
Employer Salary Negotiation Statistics
How do you think a salary negotiation with your current boss will go?
Most employees won’t ask for a raise because they don’t want to seem too pushy or greedy, and others don’t know how their employers may react to the idea of negotiating a salary.
Employees Asking For A Raise
- 49% of employees feel uncomfortable negotiating a higher salary with their current employer.
- 43% of employees have asked for a raise in their current job field.
Employers Offering A Higher Salary
- 57% of employees have never asked their employers for a salary increase.
- 38% of the employers offered workers a salary increase before they asked.
- 28% are uncomfortable negotiating salary.
- 19% of the employees don’t negotiate for salary, because they don’t want to be pushy.
Negotiating for more salary is what you are entitled to as an employee, and you should always ask for what you’re worth. Many other employees bargain for better pay on a daily basis and so should you. Statistics don’t lie and you can use ours as a reference point.