One of the best methods to increase your paychecks is by negotiating your salary. It can be done either during your performance review or when you’re offered the position. It sure sounds queasy, but you aren’t the only one, a lot of individuals feel the same, especially female employees. How you handle your pay talks is extremely important. An equal salary for both the male and female counterparts ensures equality in workplace.
According to a study conducted by The Harvard Business Review, women are more reluctant to handle pay talks and negotiations. They’re unwilling to demand higher paychecks as compared to what their male counterparts earn. The study shows that hardly one in eight female employees come forward and negotiate a higher pay scale when offered a position. It is because of the way they have been mostly treated while the procedure of a negotiation.
The common factor, if the employers would be less inclined to hire the employee after negotiation, is a major reason why female employees hesitate to demand a higher salary. Due to this, practices like equality in workplace are left hindered as men drive more income than women, which also sparks the gender pay gap issue.
So here’s how higher paychecks for women should be demanded:
Objective Measures are a Must
Anyone can request for a higher paycheck once they collect the nerve to do so. In case, you want to hike your chances for a positive outcome, negotiation from your side must be conducted with plenty of research. Job candidates ask individuals working in the company they’re interviewing for or other companies, which work on similar grounds about pay status. They check information related to average salary for the applied position and look up the profits of the department and company. Using objective measures while negotiation can bring significant advantage to the company. Men are known to use this tip while women are quite reluctant. This needs to be changed in the case of women. They should come up and try this strategy for getting a pay raise.
Showcase Your Personal Value
Even your good research while negotiating might not work unless you demonstrate your personal worth to your employers. It’s all about the proposition of value during serious negotiations for salary. If your employers believe your personal value to be in the multiples of your pay package, the ace cards will be in your hands. The higher your value is perceived, the stronger position in a negotiation you receive. Your employers will judge your value mostly by the difficulty level of issues you solve. They’ll pay you a higher wage no matter what your gender is if you exceed performance expectations.
Negotiate in an Advocating Manner
Are you hesitant to request for more? Start negotiating as though you’re advocating for someone else. Advocate by putting someone else in your shoe. Women are known to safeguard those they care about. But they’re also considered as the ones who are less likely to stand up when it comes to advocating for their own self. If you can drag out own self-scrutiny, hesitation, and personal emotions out of the picture, you’ll definitely receive a positive result.
Make Your Pitch, Let Them Do the Rest
It can be stressful to sit back and wait for the answers after negotiating for a higher salary. But staying calm, confident, and quiet as you wait for the result is more effective rather than nervously chatting around or following up very soon. Do your best during the round of negotiation and let your future bosses do the rest.
Use these tips during negotiation; you’ll have a higher chance of receiving a better pay scale of your worth.