Women are increasingly becoming the breadwinners in their respective households, but according to Fox Business, only one in four professional women have asked their employer for a raise. The failure to negotiate for a higher pay is crucial. It was shown that men are four times more likely to ask for a raise than women. Linda Babcock, an economist at Carnegie Mellon University said that women don’t think about asking for a raise. The very idea of negotiating is intimidating, even scary.
It’s time to look past your fears and take the first step. The first step in asking for a raise is actually asking. Many women are overlooked when it comes to getting a raise simply because they don’t ask for one. The next step is keeping track of contributions you make to your company. Be proud of what you have done so far and use it at the negotiating table.
At the table, ask your boss questions such as, “What do you think about my work?” and “What can I do to make myself more valuable in your eyes?” By asking these questions, you are better able to understand how your boss views your accomplishments and contributions. If you do not get a raise, ask what you need to do to qualify for one. Fulfill these objectives, and go back and ask again.
If your boss agrees to a raise, but one that does not meet your expectations, you must negotiate a better deal for yourself. Come in at a high number you feel you deserve, and use your accomplishments as your strongest negotiating tactic. Don’t be afraid to be bold, tout your achievements and contributions to the company, and assert yourself. Men have no problem promoting themselves in the workplace, but women tend to be more modest about voicing their successes. Just like at the poker table, the prize goes to the boldest woman in the room. Get what’s rightfully yours. Don’t be afraid to ask.
So when exactly is the best day to bring up a conversation like this? The best time to ask for a raise is after a major accomplishment or achievement that you’ve made. To be more specific, studies say Tuesday or Wednesday is the best day to ask for a raise.
Poker is a great way to build confidence and improve your negotiating skills. These skills are applicable in the business world especially when negotiating your salary. Stay on top of everything and get the raise you deserve!