60% of women don't. How to Negotiate Salary / Raise | Summary and Q&A

TL;DR

Women need to ask for what they deserve when it comes to negotiating salaries and rates, as not doing so perpetuates the wage gap.

Key Insights

• 🧔‍♀️ 60% of women have never negotiated their salary, perpetuating the gender wage gap.
• ⛹️‍♀️ Women should ask for more money and negotiate to bridge the wage gap.
• 💁‍♀️ Sharing salary information with trusted individuals can help women make informed decisions about their own compensation.
• 🤑 Women should quantify their value by highlighting the money they have saved or generated for their employers during salary negotiations.
• 🍉 Negotiating earlier in one's career can have long-term financial benefits.
• 🤝 Having a business coach or negotiator can help self-employed individuals negotiate better deals.
• ☠️ Researching comparable rates in the job market can provide insights for negotiation.

Transcript

you have to quantify it don't go in there be like i'm a great team player and i'm on time every day you have to say this is the money that i've made you or saved you that's it there's two things hello i'm brittany castro certified financial planner content creator talk about all things personal finance business and marketing and i'm here with my gi... Read More

Questions & Answers

Q: Why is it important for women to negotiate their salaries?

Negotiating salaries is crucial for women as it helps bridge the gender wage gap. By asking for more money, women can ensure they are compensated fairly and equally to their male counterparts.

Q: How can women overcome the discomfort of negotiating?

One tip is to think about negotiation as advocating for their families and future, rather than just for themselves. This mindset shift can make the process feel less uncomfortable and more empowering.

Q: Is it advisable to share salary and rate information with others?

Yes, sharing salary and rate information with trusted individuals can be beneficial. By disclosing this information, individuals can gain insights into what others with similar qualifications and experience are earning and make more informed decisions about their own compensation.

Q: How can women quantify their value during a salary negotiation?

Women should focus on highlighting the tangible contributions they have made to their employers, such as money saved or generated. By showcasing these achievements, they can demonstrate their worth and justify their request for higher compensation.

Summary & Key Takeaways

• A CNBC statistic revealed that 60% of women have never negotiated their salary, contributing to the persistent wage gap between men and women.

• It is crucial for women to ask for more money and negotiate, as not doing so perpetuates the wage gap.

• Sharing information and knowledge about rates and salaries with trusted individuals can empower women to ask for higher compensation.