I have been retired a few years, so I might not have the pulse of the environment today. I was an engineering manager and hired many new grads out of college.
We had a set amount that we offered new hires. There was some differential based on the college that the person got their degree from. We paid more for MIT, etc.
I had a few ask for more money and I discussed it with HR. The answer was always “NO”. We never rescinded an offer because they asked for more money, but we did discuss doing so.
Once you worked at the job for a while and we got a chance to evaluate your performance, then was some wiggle room for more money. We were definitely a “pay for performance company”.
I liked the “pay for performance” way of doing wage and responsibility growth. I was a good performer and did well for myself.