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Monday, September 12, 2011

Show me the money!

Time to raise that bar ladies?

From a recent Harvard Daily Stat: asking for an absurdly high salary when negotiating a pay rise can work in your favour.
A 2011 study conducted by Thorsteinson from the University of Idaho, USA, published in the Journal of Applied Social Psychology, found that job candidates requesting ridiculously high salaries received 9% higher wage offers than those who were... more sensible. Thorsteinson suggests that the initial offer - even an implausible one - serves as an "anchor" that affects the eventual outcome.

Full details of the study can be found here

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