The Hard Truth
The gender pay gap is a persistent issue in many industries, and a recent study has shed light on one of the contributing factors. According to the study, women are more likely to be rejected for salary increases compared to their male counterparts.
The study, conducted by a team of researchers from Harvard, Stanford, and the University of Pennsylvania, analyzed data from a large tech company over a five-year period. They found that women were 30% more likely to be rejected for a salary increase compared to men, even when they had similar job titles, job levels, and performance ratings.
The researchers also found that women were less likely to negotiate for higher salaries, which may contribute to the disparity. However, even when women did negotiate, they were still more likely to be rejected than men.
This study highlights the need for employers to address the gender pay gap and ensure that all employees, regardless of their gender, are paid fairly for their work. It’s important for companies to take proactive steps to address this issue, such as conducting regular pay equity audits and providing training to managers on how to avoid unconscious bias in salary negotiations. By taking these steps, we can work towards a more equitable and inclusive workforce.
What now?
In order to make a change for ourselves, we’ll need to be our own advocates and that means being proactive in order to receive we expect and deserve.
There are several steps that we as women can take to increase our chances of getting paid more when we ask for a raise:
Do your research:
Before asking for a raise, research the market rate for your position and industry to ensure that your salary expectations are reasonable.
Document your accomplishments:
Keep a record of your achievements and contributions to the company, and use this information to demonstrate your value to your employer.
Practice your pitch:
Prepare a clear and concise pitch that highlights your accomplishments and the value you bring to the company. Practice delivering this pitch to build confidence and ensure that you are able to effectively communicate your message.
Choose the right timing:
Timing is key when asking for a raise. Choose a time when your manager is likely to be receptive, such as after a successful project or during a performance review.
Be confident and assertive:
When asking for a raise, be confident and assertive in your communication. Make sure to ask for what you deserve and don’t settle for less.
Consider negotiation:
If your employer is unwilling or unable to meet your salary expectations, consider negotiating for other benefits such as additional vacation time, flexible working hours, or professional development opportunities.
By following these steps, women can increase their chances of getting paid more when they ask for a raise. However, it’s important to remember that the responsibility for addressing the gender pay gap ultimately lies with employers, who must take proactive steps to ensure that all employees are paid fairly for their work.
Playing poker with Poker Power can greatly improve your negotiation skills, confidence, and so much more. Get started today! Click here to sign up for our free online poker classes.
