Mastering the art of salary negotiation is crucial for female professionals at all stages in their careers. It’s no secret that the gender pay gap is still apparent both nationally and globally.
Did you know this PayScale reported women still earned 79 cents for every dollar earned by men in 2019? It’s a new decade, and now is the time to take an active and assertive role in the salary negotiation process.
Whether you’re negotiating a raise when you earn a promotion, or bargaining for a higher starting offer at a new job, it’s crucial to ask for what you deserve. Being underpaid early on in your career can have a cumulative negative effect. On the other hand, you’ll increase your earning potential by hundreds of thousands of dollars in your lifetime if you negotiate young.
Still feeling awkward about negotiating for a higher salary? Shift the focus from being about increasing your pay to improving the value you’re able to provide with a pay raise. Everyone wins when you earn a salary that allows you to live the life you want. You’re likely to be a more productive employee, happier friend and family member, and you’ll be able to invest more in your well-being.
Like any other skill, salary negotiation takes time and practice to master. For some guidance on how to confidently enter your next salary negotiation, check out this visual from LiveCareer: