While we are working towards increasing the women workforce, the gender pay gap still exists, with women earning less than men for comparable work. While systemic change is necessary to fully address this disparity, women can take proactive steps to negotiate their worth and close the gap. Smita Khanna Kithania, Chief Operating Officer, Newton Consulting India shared some of the tips and tricks that will help you tackle this gap.
5 Practical Tips To Help Women Win The Salary Negotiation Round
Here are the salary negotiation tips for women:
Research And Preparation
Smita highlighted that before entering negotiations, research industry salary standards for your role and experience level. Websites like Glassdoor, Salary.com, and Payscale can provide valuable data. She also recommends keeping a record of your accomplishments, highlighting quantifiable results and contributions to your team or company. This evidence will strengthen your case for higher compensation. Additionally, according to Smita, understand your value to the organisation. Consider your skills, experience, and the unique contributions you bring. Be confident in articulating your worth.
Negotiation Tactics
Smita recommends approaching negotiations with confidence and assertiveness. Clearly state your desired salary range and be prepared to justify it with your research and achievements. She advises to frame your request in terms of the value you bring to the company. Emphasise how your skills and experience benefit the organization and contribute to its success. She further added that while it's important to know your bottom line, be open to negotiation and consider other benefits like additional vacation time, professional development opportunities, or flexible work arrangements.
Practice
Smita recommends practicing your negotiation skills with a friend or mentor. Role-playing can help you feel more confident and prepared for the actual conversation. Additionally, Understand your rights as an employee, including laws related to pay equity and discrimination.
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Overcoming Challenges
According to Smita, while addressing the gender pay gap, be aware of potential gender biases that may arise during negotiations. If you encounter biased language or assumptions, address them directly and professionally. She recommends connecting with mentors, colleagues, or professional organisations for advice and support. Sharing experiences and strategies can be empowering.
Network And Build Relationships
According to Smita, networking can open doors to new opportunities and provide valuable insights into salary expectations. She recommends investing in your professional development to enhance your skills and increase your marketability.
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Try these salary negotiation tips to tackle the gender pay gap.
Image Courtesy: Freepik
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