No one cares about your career as much as you do and it's your responsibility to get the compensation you deserve. It's a push and pull balance. You need to push as much as your company should pull. That means we have to flex our muscle and ask for more and often.
April kicked off with Equal Pay Day and we were constantly reminded through a barrage of news coverage that we are making little to no progress bridging the pay gap., women made $500 billion less than men last year and these numbers are slow to change. I’m passionate about this topic and confident that the only way we will make real progress is if men and women work together. There isn’t one turnkey solution to fix this problem.
After almost 20 years in the finance industry, I can relate. I had no problem working with clients and talking with them about the cost of services but also the value we were providing, but it took me a while to ask my company for what I knew I was worth. We must get use to speaking up for our money, focused on the appropriate outcome and finding the language to do so.Traditionally, people entered the job market and changed jobs without knowing the value of their role.
Even as I accelerated my career in banking, I was always defending myself. I knew my male peers were making more and sometimes doing less , but I couldn’t figure out the best way to ask for more pay. Often once you were ready to start that discussion, there was a stonewalling that occurred or a topic switch. But it’s not always someone else’s fault. I remember walking into my manager’s office one day to have a discussion about a raise.
Women have to keep asking for their deserved promotions and raises. Once you get it, know that you will have to ask again and again. Looking at the pay equity crisis from a macro level can be overwhelming but it's important to personalize it to find the ways that you can stand up for your compensation and your worth. As women, we each have skin in the game. Thinking about it this way is one step in the direction of change.
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