Despite the Equal Pay Act of 1970, women in the UK are paid approximately 20% less than men. This is a shocking statistic. We need to do all we can to make this pay gap disappear including encouraging women into higher paid jobs such as engineering, science and finance. We need to teach women how to negotiate rather than just accepting what they are offered or even better we encourage companies to disallow negotiation altogether. Lastly we need to look at job descriptions and ensure the vocabulary used is not off-putting to women.
In the meantime, here are some tips on how to boss a pay rise:
- If you don’t ask, you don’t get. Men are more likely to ask for that promotion or pay rise and therefore they are more likely to get it. Act like a man, and schedule a meeting to ask for what you want.
- Do your research. Check out what other companies are paying for similar jobs so you know what you should be expecting to receive. Don’t just accept what you are offered.
- Be positive. When negotiating talk about your achievements and how you have added value to the business. Women tend not to sell themselves and so their achievements can go unnoticed.
- Don’t take a refusal for a pay rise as a rejection of you. It is not personal. Simply ask what needs to be done in order to achieve the rise you require and when you can have the discussion again. Give it a few months and arrange another meeting but in the meantime put in that groundwork by emphasising your worth to the business.
- Employers with more than 250 employees will have to publish an annual report on the gender pay gap within their organisation. This may not come into effect until next year but some firms are already taking action and a few have increased the pay of women in preparation. Use this to support your request.
Good luck and go for it!