What taking the first offer costs

A $10,000 difference on a $120,000 offer, carried through 20 years of 3% raises, is worth about $269,000. Every raise is a percent of your base, so the gap from one conversation compounds for as long as you work.

Why the number grows

Raises, bonuses and often retirement matches are set as a percent of base. A higher starting base lifts every one of them, every year, and the next employer usually prices you off the last one.

About these numbers. Results are estimates for planning, built from the sources and California rules described on this page as of its last update. They are not a guarantee of pay, an offer, or a compliance outcome, and they are not legal advice. See the terms.