WOMEN AND MONEY: How to Ask for a Raise – Tips for Getting the Recognition You Deserve


 

Asking for a salary raise is often difficult, due to fears of professional repercussions or a lack of confidence in one’s abilities.

Additionally, the fact that openly discussing money is still a taboo in many contexts makes the request for better pay seem like a risky step to many—especially to women

Indeed, although female workers generally earn less than their male colleagues for the same roles, they are less likely to request an adjustment or raise.

This may be partly due to social stereotypes that label women who prioritize their financial well-being as aggressive or opportunistic.

Moreover, largely for cultural and educational reasons, women are more prone to undervalue their own skills—a phenomenon often reinforced by the limited number of women in leadership positions.

 When we also consider the longstanding lack—or outright absence—of basic financial education, it becomes easier to understand why some workplaces make it harder for women to negotiate pay, thus perpetuating the gender pay gap.

Yet, with the right preparation and strategy, asking for a raise effectively and professionally is easier than it might seem.

Here are some tips.

 

Build Awareness

First, it’s important to carefully examine your performance and dedication at work, highlighting your strengths and achievements to clearly demonstrate the positive impact and tangible contributions of your efforts.

This could include successfully completed projects, met objectives, your ability to engage colleagues, or initiatives that have led to tangible benefits.

 

 Keyword: Information!

Compare your salary with industry averages for your role and level of experience to establish a reasonable request supported by market data.

 

 Choose the Right Moment

For your request to succeed, it should be presented during a period of financial stability at your workplace and, ideally, right after you’ve successfully completed an important project with great results. Timing is everything!

If the current economic or management circumstances at your job seem to block your growth opportunities, it may be time to courageously look elsewhere for a position that recognizes and rewards your skills.

 

 Preparation is Key

The chances of achieving positive results increase significantly with thorough preparation. A clear and concise presentation outlining your professional successes is essential. Make your added value to the company and your reasons for deserving a raise evident.

Also, be prepared to answer any requests for additional details to confirm your qualifications.

When speaking with your superiors, it’s crucial to maintain a professional and assertive demeanor. Be firm in your request. If you don’t believe in your abilities, it’ll be difficult to convince someone else!

 

 Foster Open and Positive Dialogue

During negotiations, it may be helpful to consider alternative forms of compensation, such as additional benefits or professional training.
You could also accept a gradual salary adjustment, provided there’s a clear and agreed-upon progression plan.

Regardless of the outcome of the conversation, it’s essential to maintain a constructive attitude, thanking the interlocutor for their time and discussion. This demonstrates professionalism and helps preserve a good working relationship for future negotiations.

 

The Museum of Saving works tirelessly to promote greater financial awareness across all segments of the population.

Special attention is consistently given to gender-related topics through a variety of activities, both online and in person.

To learn more, visit our website and check out the blog.

 

 

 October 17, 2024