The top reasons why women chose not to negotiate pay were fear of losing their job or job offer and feeling too intimidated
SEATTLE, Sept. 20, 2023 /PRNewswire-PRWeb/ -- ResumeBuilder.com, the premier resource for professional resume templates and career advice, has published a recent survey report investigating how men and women approach compensation negotiations. The report also shares insight into the reasons why some workers chose or chose not to negotiate their pay. Overall, the survey garnered responses from 1,417 full-time workers.
Based on the report, 49 percent of men and 32 percent of women say they negotiated their compensation within the past two years. While 39 percent of respondents say they were negotiating for a new role at their current company, 30 percent say it was for a new role at a new company, and 31 percent say it was for their current role at their current company.
The primary reasons why respondents negotiated compensation are because their 'offer or current pay was not aligned with [their] value,' their 'offer or current pay was below market value,' or they 'just wanted to see if [they] could get more.' Among workers who negotiated, 55 percent of men and 42 percent of women say they 'got exactly what [they] wanted.' Forty-two percent of men, compared to 52 percent of women, say they 'got close to what [they] wanted.'
"Gender bias is still common in the hiring and negotiation process," says Julia Toothacre, resume and career strategist. "Coupled with women's tendency to not negotiate, the gender pay gap will continue to grow."
Survey results also show that 29 percent of men and 31 percent of women considered negotiating but chose not to. The top reasons why men chose not to negotiate were fear of losing the job or job offer, and the offer already being more than they were previously making. On the other hand, the top reasons why women chose not to negotiate were fear of losing the job or the job offer and feeling intimidated.
This survey was commissioned by ResumeBuilder.com and conducted online by the survey platform Pollfish. It was launched on September 7, 2023. In total, 1,417 full-time workers were surveyed. Additionally, respondents had to meet demographic criteria, including being currently employed and having earned at least a high school degree. To view the complete report, please visit: https://www.resumebuilder.com/women-were-a-third-less-likely-than-men-to-negotiate-pay-in-past-two-years/
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