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Thursday, March 11th, 2010

Thrifty Mommy

Make money like a man

November 3, 2008 by Jennifer Chait  
Filed under Workplace

Not to sound all sexist with that title, but men make more than women. They always have, and lamely, they continue to. Current statistics show that the average man will make up to $2 million more than the average woman over his entire career. Egad.

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What can you do…

Be a gossip: It’s not all cakes and butterflies to start up gossip in the workplace, but when it comes to salary, you should try to sniff out details. This gives you the fuel you need to challenge the situation – like say, when you’re asking for a raise.

Do your homework: We talked about this before, in the post how to get a raise at work, which has plenty of tips that apply to this situation. If you don’t know what the average employee is worth, you lose chances to make as much as a guy. This post also covers the negotiation tactics you’ll need when asking for a raise.

Figure out what your company thinks you’re worth: Most mid-sized to larger companies keep a breakdown of wage categories in their human resource department. Your company may think your position is worth so and so amount, but be paying you 20% less. That bites – so aim for the above negotiations.

Know your legal rights: Women are actually entitled to the same pay as men. We just don’t get it. Learn about the law, and use it to your advantage. Contact the Equal Employment Opportunity Commission if you think your workplace rights have been violated.

Know that women are worth it: I’ve actually heard women say things like, “Wow, I’m so lucky to have this job; in my company usually only men get this slot!” NO NO and NO. When we think like this, it’s no wonder we’re paid less. If you can do the job, you’re not ‘lucky’ you’re good. Believe in yourself. Further more, if others make sexist comments like this, be brave enough to say so – no one changes events or perspectives by just sitting around and taking it.

Take a larger stand: Visit NOW’s Women-Friendly Workplace Campaign to stay current on the latest issues, and learn how you can help the cause. It’s frustrating, yes, but women have made huge strides over the years. With hard work we can also change the wage gap issue.

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[image via stock.xchng]

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  1. [...] Oh, and just because you’re female doesn’t mean you’re out of the running for a big promotion. Learn how to make money like a man. [...]



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