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Stock impact report

Why Gen Z Is Outsourcing Salary Negotiations—to Mom and Dad [Yahoo! Finance]

ZipRecruiter, Inc. Class A (ZIP) 
Company Research Source: Yahoo! Finance
Twenty-eight percent of Gen Z workers have enlisted a parent's help in negotiating pay or benefits. That includes 10% who let a parent negotiate directly with their employer. The stakes are enormous, yet 55% of U.S. workers don't negotiate at all. Almost three in 10 Gen Z workers have brought a parent into their first salary negotiation—one of the most consequential financial conversations in a career. That's the finding of a recent Zety survey of 1,001 Gen Z employees, which also shows that young adults ask parents for help with resume edits (44%) and employer outreach (21%). Among those seeking parental help with salary negotiations , 18% received advice, while 10% had a parent speak directly with the employer. Why This Matters Your starting salary is the base for every future raise and 401(k) match. The difference between negotiating and accepting the first offer can mean a seven-figure difference in earnings over a career. What a Missed Negotiation Costs You A f Show less Read more
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