Equal Pay Day 2023 is a month away and I believe in some ways, women will lose financial ground. I say this because:
- when companies cut costs, women are uncomfortable asking for a raise.
- when the economy shifts, women are afraid to switch jobs – even if it means increasing their salary. Unfortunately, playing it safe sometimes equates to stagnant, sluggish salaries.
- women who actually receive a climb in their compensation may not “make” more as the cost of living as well as expenses continue to rise.
Here’s what I know: women can’t afford to sit on their ask – not now and not in the future. While yes, some employers are communicating there are no budgets for performance increases. Other companies are reducing staff but the reality is that you could possibly find yourself in a position to negotiate your salary this year.
Let’s say a Recruiter sees your LinkedIn profile and contacts you or perhaps you’re referred for an external role. As a result, you are now in a position to potentially say yes to an opportunity that you didn’t initiate. Even if you applied for the job without being recruited, there’s a chance you will leave money on the table when you choose silence instead of negotiating your salary.
Because I want you to excel at work AND know your worth, I’m sharing salary negotiation tips from my interview with BET.com: click here.
I’ll leave you with 3 of my favorite quotes from the article as you consider future compensation along your career journey:
- “We can’t afford to say yes to an offer without understanding the value of our seat in the marketplace and the value we bring to an organization.”
- “If you’re at the top of your game, you should ask for the top of the range.”
- “Go where you’re compensated and where you’re celebrated.”