Wednesday, April 15, 2020
3 Ways Women Can Score a Higher Salary
3 Ways Women Can Score a Higher Salary There have been countless studies about why women donât negotiate as often as men. Some studies show that men are up to four times as likely to negotiate as women, and that when they do, they ask for 30 percent more. The true difference between the genders when it comes to salary negotiation is the reason those who donât ask for more money choose to keep silent: 31% of women said itâs because they were uncomfortable negotiating salary, compared to 23% of men. Worse, thereâs some evidence to suggest that their discomfort is warranted. âIn repeated studies, the social cost of negotiating for higher pay has been found to be greater for women than it is for men,â writes Hannah Riley Bowles, director of the Woman and Power Program at Harvardâs Kennedy School of Government, at Harvard Business Review. âMen can certainly overplay their hand and alienate negotiating counterparts. However, in most published studies, the social cost of negotiating for pay is not significant for men, while it is significant for women.â Bowles is the lead author of a study called Social incentives for gender differences in the propensity to initiate negotiations: Sometimes it does hurt to ask, published in Organizational Behavior and Human Decision Processes in May 2007. In a series of four experiments, Bowles and her colleagues examined the social cost of attempting to negotiate pay. Their findings demonstrated that both men and women penalized women who asked for more money. âPerceptions of niceness and demandingness explained resistance to female negotiators,â the study authors explained in the abstract. In other words, itâs not only men who expect women to âbe niceâ and take what theyâre given. All of us, male and female, are subject to unconscious bias that makes us judge female negotiators more harshly than men. Knowing this, how are we to get the salary we deserve? By incorporating that knowledge into our negotiating strategy. Read More: 5 Things HR Wishes You Knew About Salary Negotiation Strategy 1: Find a Communal Concern âOne thing I would encourage women to do is to have a communal motivation for asking for more,â Margaret A. Neale, Adams Distinguished Professor of Management at the Stanford Graduate School of Business, tells Vicki Slavina at The Muse. âIf Iâm a man and Iâm negotiating a salary, I can talk about my competencies. What women need to do is yoke their competencies with a communal concern.â Neale relates how she used her knowledge of how men and women are perceived in negotiations during her interview process at Stanford. âThe whole theme was, âWhat can I do for Stanford and what can I do to help the Dean solve the problems that he has?'â she says. âThis communal orientation â" itâs not about me, but itâs about what I can do for you â" mitigates the negative reputational affects for women.â Sample script: âI know that your organization wants to increase sales by X percent each quarter. In my previous position at my former employer, I used [specific skills] to increase sales by [specific amount]. âWhy it works: By being specific about what you can do to solve the hiring managerâs problems, youâre recommending yourself not only as a suitable candidate, but as the best possible candidate for the position â" a person in demand, in other words, and worthy of a higher salary. Read More: Why Am I Being Underpaid? Strategy 2: Adopt a Data-Driven Approach Of course, when it comes to salary negotiation, itâs good practice for women to think about themselves first. âI donât think it hurts to bring up tying the request to a communal concern, but I also do not expect that to move most people,â says Anne Krook, author of âNow What Do I Say?â: Practical Workplace Advice for Younger Women. Whatâs the best way to approach dealing with unconscious bias? âI hate to say âit depends,â but it really does,â Krook says. âYou must always, however, have all the data you can possibly get: the range for your position, and the range for your position in your area/city/town.â This is especially important when youâre interviewing for a new job. Many job titles mean different things at different companies, so encouraging the hiring manager to be specific about the duties required is really important to figuring out an accurate range for your salary. Once you know more about the job, you can use PayScaleâs free Salary Survey to compare the salary offered against others in the field. But having data about the role isnât enough, Krook says: âYou must also have all the data about yourself: you must keep track of everything you do during the work year, which frankly everybody, but women especially, arenât very good at, and really contributes to not getting paid what you are worth, because you do not represent all the value you bring to the organization.â She recommends taking time each day to write down what you do, being as specific as possible (e.g., writing down âattended marketing meetingâ not just âattended meetingâ). That way, youâll capture all the large and small accomplishments of every day, as well as the broader changes in your skill set like certifications or proficiency with new technology. Sample script: âIn the past year, my role has grown. Iâve [added these job duties, plus exceeded these goals, added value in these specific ways, and managed these projects successfully]. Can we discuss increasing my compensation so that itâs more in line with what Iâm doing now?â Why it works: With your extensive research, youâll know how much people are getting paid for the job youâre actually doing, or hope to be hired to do, and not what it says on your business card or the hiring managerâs forms. Read More: Should You Use a Competing Job Offer to Negotiate Salary? Strategy 3: Deal With the Salary History Question No job seeker loves the salary history question, but itâs especially dangerous for women, who may have started off their career underpaid, only to find their raises and offers permanently tied to that first low salary. If youâre in this spot, you have a few options. The first, and best, is not to volunteer your salary history or to provide a salary range or number right off the bat. Concentrate on your role and responsibilities, and how they prepare you for the current position, and have an acceptable range in mind thatâs based on that information, not on what youâve earned in the past. If possible, force the hiring manager to mention numbers first. Of course, thatâs not always practical or even possible. If the interviewer insists, or the employer wonât even consider you as a candidate without a salary history, be prepared to explain your low pay. âWhen salary history is low, or underpaid, you have to have compelling reasons why,â says Krook. âSo not âit was the best I could get at the time,â (even if true) as it makes employers believe that is what you deserve.â Sample scripts: Instead, Krook advises using one of the following explanations: âIt was a startup, so that was all they could afford.â âMy work was unrecognized because my job grew organically and my manager did not understand my growing role.â âMy work was unrecognized because the role was new to the organization.â Why these work: These scripts help your future boss see that itâs not that youâre worth less than others on the market, but that your value wasnât accurately perceived or compensated in the past. One Final Note About Eradicating Unconscious Bias From the Workplace You wonât always be where you are on the org chart today. After youâve used these techniques to climb the corporate ladder, you can use your newfound power to help others â" provided you go about it in the right way. Krook says that âas people become more senior in organizations, they should ask âhey, when did this organization last do a salary equity review along gender/race/whatever lines?'â She warns, however, âThat is typically too risky and aggressive-sounding a question for younger/newer employees.â The goal is to put your proposal in a way that makes it clear that youâre not accusing company leaders of consciously discriminating â" because youâre not. âItâs also worthwhile to point out that especially for women and racial minorities $0.77 and less on the dollar is a persistent, long-standing, nationwide problem, so in bringing it up you are not pointing out anything unique to your organization but a legitimate nationwide concern,â Krook says. âThis is the huge advantage of the current conversation about unconscious bias â" itâs not that anyone intentionally has racist/misogynist/anti-Muslim/homophobic/other awful attitudes, though of course they may, but that even well-intentioned people do. When itâs a matter of human cognition, itâs possible to remove the element of blame.â
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