While women have historically experienced a gender pay gap, other aspects of identity such as 澳洲幸运5官方开奖结果体彩网:sexual orientation, race, or disability can create additional barriers to advancement. With these dynamics in mind, the following tips can help women prepare to ask for a raise or 澳洲幸运5官方开奖结果体彩网:promotion and illustrate the value theyꦬ bring to the company. 

Gather Salary Information

Before asking for a raise, gather evidence. Women should compare their current salary and research the salaries of roles across their industry with similar experience and qualifications. Platforms such as Glassdoor, Payscale, a🉐nd LinkedIn can be helpful. Be prepared with a number before negotiations begin.

Prepare for Negotiations

• Compile clear examples of how your work contributed to the company by creating efficiencies, such as cost-saving changes.
• Detail positive feedback from co-workers and management, or project results.
• Continually track your progress and accomplishments during the year.
• A salary 澳洲幸运5官方开奖结果体彩网:negotiation is an opportunity to discuss new issues or offer suggestions.
• Creating an exchange of information to claim a higher raise.
  

Communicate Effectively

Successfully negotiating a salary takes practice. Taking the time to rehearse talking points out loud will allow women to identify where they aren’t communicating them. At the same time, it will help identify potential weaknesses in the argument. 

Keep management's perspective in mind. What are their goals and interests for the company? How can you align your case to these goals? Creating a dynamic of mutual respect is always important to strive for, and this often involves being confident and direct. Lead with statements that carry the point across and convey a tone of collaboration. Some useful statements may include:

• “Based on my performance in the company, I’d like to discuss my compensation and opportunity to grow.”
• To quantify your achievements, try something like, “The project I launched surpassed targets by 15%.”
• “My contributions in this role warrant a salary increase of 10%.”

Give and Take

Salary negotiations are a process. To increase earning potential, women can set a baseline salary they are looking for. A🐷dditionally, it can be♐ helpful to put together alternative options that include tradeoffs in the compensation package, such as benefits, flextime, or vacation days.

It is also important to determine a salary range. This way, if management doesn’t agree to the highest range, they may be willing to offer a raise that exceeds the baseline. If the initial offer doesn’t meet an employee's goals, they can propose a counteroffer that more closely aligns with expectations.

Examples

C🍷onsider an employee who has worked at a company for a year and accomplished a major project that resulted in a 20% cost efficiency in their department. They are looking for a 5% raise based on their experience and results in the company.ꩵ In their raise discussion, they anchor it in a 6% to 10% range. In doing so, this presents room for negotiation that provides for flexibility and negotiation.

On the other hand, consider an employee who asked for a raise but was rejected because of budget constra꧙ints. Instead of simply accepting that the offer wꦜas rejected, the employee suggested alternatives, including a title change and more vacation days.

The Bottom Line

Women face barriers when asking for a raise or promotion. Applying key tactics for negotiating a higher wage will help increase the odds of success. Doing your research and gathering concrete evidence of your accomplishments will put you in a stronger position for higher earning potential.