Closing the Wage Gap Salary Negotiation Tips for Women

Closing the Wage Gap Salary Negotiation Tips for Women How to Close the Wage Gap and Earn the Salary You DeserveLadies, its high time you got your fair share.Its hard to know how much you should ask for before taking a job if you dont know how much youre worth to a company. You could sell yourself short if you walk into a salary negotiation unprepared and accept an offer for less than what someone with your experience is earning at otzu sich companies. Many women are still getting paid less than their male counterparts across all professions. According to theNational Womens Law Center, women would lose $418,800 over the course of a 40-year career based on todays wage gap. But its leid a hopeless situation. One way you can help close that gap is by negotiating for what you are worth, rather than just accepting an offer right off the bat.Redfin chief economist Nela Richardson didnt think she would ever be in that situation while working as a government economist, so she welches caught by surprise when she learned a male co-worker in the same position welches getting paid over $60,000 mora than she wasThat was a light-bulb moment for Nela and it changed the course of her career. So, what did she do? She made a plan and left her underpaid job to find one that paid her the amount she was worth. You have the most leverage when a company wants you, so always negotiatebeforeyou take a job.Here are some tips from Nela for women about to head to the negotiation tableMake networking a priority.Knowledge is power. You should network to make connections with people in your field to get more information about the positions you are applying for. Go to events. Ask what companies are paying for certain positions. Networking with people in your industry will help you understand what a competitive wage is for someone in your position. You need to know what your market worth is in order to have the greatest negotiating powerResearch itIn addition to going to networking events, tak e your time to research different companies and the salaries they are offering. Use sites likeGlassdoorandPayScaleto find out what positions are worth in your area. You can use this information as leverage when heading into a salary negotiation meeting.Be realistic (but dont sell yourself short)You dont want to ask for double what a company is offering, but you also shouldnt settle for the bare minimum. There is always wiggle room. Ask for five to 10 percent more than the industry standard, but be prepared to explain WHY you are worth that much more. Maybe you have additional experience that would benefit the company, or you have a connection that makes you a more appealing candidate. Your company could regret hiring you if you ask for a lot more money, but cant deliver on your promises. At the same time, a good company will value an employee who knows what they are worth, especially if they can deliver on the promises made during salary negotiations.If the employer cant give you wh at you wantYou have the MOST leverage in negotiations. There is a chance a company wont be able to give you any more than what they are offering, but they might be able to give you a few extra vacation days or let you work from home once a week. There are things that can be important to you as a prospective employee other than money, but just make sure you get those other agreed-upon benefits in writing.If the hiring manager says they cant pay you what youre asking, ask what you would need to do in the role to reach your desired salary. You could also request a guaranteed raise percentage annually or within a certain amount of time. Good employers will respect your drive.Talk career ladderA good company will value an employees vision for her personal career goals. Be sure to ask about the upward mobility in a company so you can envision what your future would look like if you decide to work for that company. You might not want to take the position if there isnt much room to grow. An employer will appreciate a driven candidate who wants to turn their position into a career.So, be in the know, and on top of how much you should be making and where you want to direct your career. You deserve just as much money as the other guy.Recommended Reading8 Negotiation Tips for WomenWomen in the Workplace How to Get Past the Glass Ceiling5 Guaranteed Strategies to Getting a RaiseReady to find your dream job? Hire a TopResume professional resume writer todayEditors NoteThis article was originally published onRedfin.com.Related Articles