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Saturday, May 15, 2010

How women should ask for a raise

A couple of years ago I read the study that discussed how women who ask for raises are seen as pushy and it usually doesn't go so well as for men. So how do we not come off as pushy, but still receive equal pay, I thought. FINALLY someone has done a study to try and figure out the answer. From the New York Times:


The work by Ms. Riley Bowles and her peers suggests that women in the work force can use specific advice. Here are some of their suggestions:
BE PROACTIVE If you believe you deserve a raise, don’t sit around and wait for someone to notice. “A lot of women, and this is quite commonly found, think, ‘As long as I work really, really hard, someone will notice and they will pay me more,’ ” said Karen J. Pine, a psychology professor at the University of Hertfordshire in Britain and co-author of “Sheconomics” (Headline Publishing Group, 2009). But “people don’t come and notice.”
You also want to think about the best time to approach your boss. It may make sense to approach him or her after an annual performance review, said Evelyn F. Murphy, president of the WAGE Project, a nonprofit organization, who runs negotiation seminars for women. “Or, if you just took on a major responsibility or won an award.”
BE PREPARED Doing your research pays, literally. A study found that men and women who recently earned a master’s degree in business negotiated similar salaries when they had clear information about how much to ask for.
But in industries where salary standards were ambiguous, women accepted pay that was 10 percent lower, on average, than men. “In our experiments, we found that with ambiguous information, women set less ambitious goals,” said Ms. Riley Bowles, who ran the study. “They asked for less in a competitive negotiation and got less.”
That theory also holds in other areas where there aren’t set expectations, like executive bonuses and stock options. “You get bigger gender gaps in those less standard forms of pay,” she added.

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