You’re Leaving $1 Million on the Table If You’re Not Doing This

I bet that got your attention.

I’ll give you a hint. It’s not your failure to participate in the weekly office lottery pool, your dismal performance in the March Madness tournament pool, or that time you forgot to lock up the petty cash drawer.

Ladies, we’re doing the salary negotiation thing all wrong.

Last week, I discussed what you should do (and not do) if you find out a male co-worker is making more than you do. Yes, women make less than men.

Well an ounce of prevention is worth a pound of cure so let’s try looking at the pay parity issue from another angle. How can we be better at negotiating our salaries so we don’t find ourselves in a position where we make less than our male co-workers?

Since I am the Law Mother and not the Career Coach Mother, we will look to others who are more knowledgable in this area.

Here is a great post from the ladies at www.fairygodboss.com (the second most awesome blog name ever) on the three steps you should take when negotiating your salary.

According to a recent article in the Washington Post, the key to making more money is knowing how to talk about money. Learn from the experts on how to bring up money and what exactly you should say.

The most powerful tool a woman should have in negotiating her salary? Silence, according to Fast Company. Learning to become comfortable with occasional bouts of awkward silence is a key negotiation tool.

What would Oprah do? Not take the first offer for one. Learn from famous women on how to negotiate your salary in this fascinating piece from The Cut.

We can’t talk about the gender pay gap without also talking about the other gap–the gender investing gap. Women are less likely to invest their money than men. Why is this a problem? You can’t talk away from a bad job unless you have the financial resources to do so. Learn more about why investing is so important for women in this eye-opening piece from The Simple Dollar.

What’s the best piece of advice you ever got on negotiating salary? For me it was just because your male co-worker has a wife and kids doesn’t mean he’s entitled to get paid more than you (from a female partner in my first law firm job). Leave a comment or send me an e-mail.

Disclaimer: This website is made available for educational purposes only as well as to give general information and a general understanding of the law, not to provide specific legal advice. By using this website you understand that there is no attorney client relationship between you and the publisher. The website should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

Copyright © 2017-2018 by Siobhán Fitzpatrick Kratovil. All Rights Reserved.

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