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Salary Disparities

Discovering salary disparities, especially after a promotion, can be disheartening. Jordan Harbinger emphasizes the importance of addressing these issues early to avoid long-term financial setbacks. He advises using negotiation techniques from Alex Kouts to secure a fair salary and avoid low-ball offers from new employers 1. Jason DeFillippo adds that leveraging external job offers can provide the necessary leverage to negotiate better pay at your current job 2.

The average amount that somebody who negotiates their salary is worth is $1 million more than somebody who doesn't. That's insane.

--- Jordan Harbinger

Using these strategies can significantly impact your career earnings and job satisfaction.

   

Leveraging Offers

Leveraging external job offers is a powerful strategy for negotiating better salaries. Jordan Harbinger and Jason DeFillippo suggest shopping around for job offers to use as leverage with your current employer. This approach not only helps in securing a fair salary but also provides a fresh start if needed 1.

The best time to look for a job or a raise is when you already have a job.

--- Jordan Harbinger

Informational interviews can also help determine a fair salary range, ensuring you are not undervalued in your current position 2.