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Maximize Your Salary: Negotiation Tips for Young Professionals
Plus: Social Ad Icks & Olympic Distractions
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Boost Your Starting Pay
Showing up confident and prepared. πͺ
Graduating college and entering the job market is exciting, but knowing how to negotiate your first salary is crucial.
Many new graduates feel unsure about discussing pay, but mastering this skill can significantly impact your financial future. Hereβs how to approach your first negotiation:
Research the Market π: Before entering negotiations, research the average salary for your position in your area. Websites like Glassdoor and LinkedIn can provide valuable insights.
Self-Reflection π§: Understand your individual needs and financial goals. Knowing what you need helps you negotiate more thoughtfully.
Recognize Other Compensation π‘: Consider benefits, such as insurance costs, work-life balance, remote or in-office work, and other perks. Sometimes these can be as valuable as the salary itself.
Highlight Your Skills πΌ: Emphasize any unique skills or experiences that set you apart from other candidates. Tailor your pitch to show how you can add value to the company.
During the negotiation, stay confident and be prepared to discuss your worth. Understand your base salary expectations, but remember that first jobs are about gaining experience. Be ready to compromise and not be too firm on your number.
Practice Your Pitch π£οΈ: Practice with a friend or mentor to refine your negotiation skills. This preparation can help you stay calm and articulate your points clearly during the actual discussion.
Take these steps seriously to secure the salary you desire. Be strong and confident, but also flexible, as gaining experience is key in your first job.
Shifting into mindful spending. π±
Are social media ads feeling omnipresent?
Many young professionals are growing wary of advertising on social platforms, according to reporting of a Credit Karma survey by WWD.
Nearly 40% of Americans bought products advertised on social media last year, with 23% charging at least $1,000 to their credit. These purchases often lead to overspending, pushing some young consumers into debt.
The survey also highlights a trend of 'de-influencing,' with 69% of all consumers and 88% of Gen Z deciding against buying items advertised on social media.
The top reasons for quitting social media shopping include encountering counterfeit products, feeling overwhelmed by ads, and negative past experiences. This shift underscores a move towards more mindful and cautious spending habits among younger professionals.
As a recent grad, evaluate the necessity of purchases influenced by social media. Set clear financial goals and seek out trustworthy product reviews before making any decisions.
Work vs. Olympics Fever
How to balance work and watching the Olympics. π
Are you loving watching Simone Biles and Katie Ledecky get the Gold?π₯
The 2024 Summer Olympics in Paris are a certified hit, with NBCUniversal reporting a whopping 79% increase in viewership compared to the Tokyo Games, according to Inc.
A UKG Workforce Institute survey found that 59% of employed Americans plan to watch the Games, and many are tuning in live right from their desks. This Olympic fever can impact productivity, with some staying up late or waking early to catch their favorite events.
In response, some savvy young pros are negotiating flexible schedules with their managers to keep up with the action. However, not all bosses are on board, which means finding creative ways to stay in the loop without dropping the ball at work.
As major events like the U.S. men's basketball game unfold, young professionals should chat with their managers to strike a balance between Olympic fun and work duties. After all, who says you can't cheer on Team USA and be a star at your job?
Social Media Ad Ick