Knowing how to ask for a raise when you’re underpaid or how to ask for a promotion can be intimidating. Women will lose $500K to $1M over the course of their careers due to the wage gap. Excuse me, Jessica but that’s just not OK.
Here are four tips to getting paid more:
Know Your Market
Do your research by looking up the salary range for a comparable position at another company. This is a great way to find out where you stand relative to others with your level of experience. You can even consult your network of friends, work acquaintances, or confidential message boards where other women share what they earn. Know your worth, identify your goal number and have it ready.
You Have the Right to Ask
Asking for a raise is not rude, entitled or asking for a favor. Last time I checked we go to work in order to get paid. It helps to consider the timing when talking to your employer. An example: If it has been more than a year since your last increase, now is a good time. However, if you have been making a lot of mistakes in your role lately, you might want to wait on that convo Deborah.
Prep for the Talk
The “ask for a raise” talk with your boss can be intimidating, but take a breathe and own your worth. Along with comparable salary range research, have a list of your accomplishments, and successes that have contributed to the overall success of the company. You don’t need to go cray with a whole PowerPoint here, a few succinct bullets will do, Laura.
At the current rate it will take 208 years to achieve gender equality in the U.S – Karen that’s what I call unacceptable! In order to change this we need to identify bias when we see it and raise questions about why there are not more women, and even more notably, women of color and Latina women in senior roles. Today only 6.6% of our Fortune 500 companies have a female CEO – this is not the world we want for our daughters. Let’s keep talking, pushing, leaning and all the other things to help us mamas go get that money! Want to know more about how to ask for a raise?
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