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Usually when negotiating salary increases you need some sort of justification. Having a lot of debt isn't a very good one in my humble opinion. At least I hav
by nightski 12y ago
Usually when negotiating salary increases you need some sort of justification. Having a lot of debt isn't a very good one in my humble opinion. At least I have never seen it used successfully.
- withdavidli 12y agoYou're right, more debt is not a good reason for higher salary. Higher salary is a value proposition. If a candidate can prove they can add substanial value to a company they can demand a higher salary. This value proposition is very hard for new grads though. Most come out of school with little to no work experience, internships included. So it's hard for them to make this case. Not only can they usually not make the case, depending on the role, a new employee is not at optimum productivity until .5-1.5 years on the job. This is one of the main causes of employers always looking for that 1+ years of experience. The first year is most costly to the employer in training and risk the employee just taking a job somewhere else.
- sitkack 12y agoThey won't communicate to their employer that they need more money to pay down debt, but as a motivation for seeking higher salaries, jumping to new positions. With less debt people do what they want, when they are hungry to feed debt they will do things they otherwise wouldn't.