Forget Karma, How to Ask For A Raise (Even As a Woman)

How to ask for a raise - Photo credit: moneysaving tips.com

How to ask for a raise – Photo credit: moneysaving tips.com

Last week, the trenches on the Gender Gap War trembled when Microsoft CEO Satya Nadella made one of the most criticized (and criticizable) gender gap gaffe. By telling women, at no less than a women’s press conference, that not asking for a raise is actually good karma, Mr. Nadella just turned karma into a pretty mad lady. Although he later disavowed the controversial comments, these remain in the media, and in women’s minds, still.

Other than the fact that Mrs. Karma, as alluring as she may be, does not exactly fill in the gender pay gap, and that Mr. Nadella, despite all the backlash against him, may just be a classic case of East-West misunderstanding, the fact remains, after all, that women are less likely to ask for a pay raise than men. So could it be after all that Microsoft’s CEO, despite all the media hoopla, was not that far from the truth?

Women effectively do tend to ask less for pay raises, if only for the simple fact that we were socialized to be more humble and avoid bragging on our accomplishments. So could it be that as professional women at work, this incident could actually serve to remind us that not only is it OK to ask for a raise, but it can actually be pretty good karma too (no pun intended here);

1. Research, research, research! As awkward as asking for a raise can be, coming prepared with accurate and compelling information certainly can make the whole process less awkward. Find out from reliable sources like Salary.com, Payscale, or Glassdoor, how much your peers in the same industry and location get paid. Also consider the entire package of pay and benefits, including health benefits, work from home options, etc.Take into account the cost of living as well as your own lifestyle budget to come up with an estimate that would make sense to you, but also to your manager and company.

2. Come prepared! As you research comparable and competitive salaries, keep in mind to also prepare a portfolio of your own achievements in this position and others. You have to be able to justify why you deserve a raise after all. From successful projects to positive statistics on the work you’ve done, gather your most important work laurels and get ready to give yourself a modest but compelling pat on the back!

3. Time it Right! Your manager’s ability to grant you a raise depends upon the availability of funds per the annual budget. As a result, you want to time your request appropriately, preferably three to four months before annual budgets are finalized and approved. If you also happen to be assigned an important project that stretches your current responsibilities, it may be time to ask for a raise.

4. Keep it diplomatic! This is probably the most important part of the raise negotiation. Keep it courteous and diplomatic at all times, whatever the direction or the outcome of the conversation. Keep in mind your potential raise is not at your manager’s sole discretion, so cut them some slack. Besides, burning bridges at work is never a good idea! Stay cool!

So yes, Mr. Nadella’s comments ignited some serious gender gap fire lately. Yet we owe it to ourselves to wonder if after all, he did not help in raising an important question for women at work. And while we may want to forget about karma when it comes to women proactively seeking raises and increases at work, we hope for Microsoft and its 30% female employees company-wide, karma turns out to be a smiling, forgiving lady…

Have you asked for raises at work? How did you go about it, and do you have any advice?

The Corporate Sis.

 

 

Coffee Break: Are You Working on Your Day off?

Working on your day off - Photo: http://image.naldzgraphics.net

Working on your day off – Photo: http://image.naldzgraphics.net

So you’re off today, and guess what, you’re on your Blackberry and on your computer, plugging away…Or even better, you actually get called in by your boss to work on your day off because an important deadline is looming near…

Granted, some of us admittedly love our jobs so much we actually don’t mind working on our days off. Yet, how many of us really do it out of a sense of obligation, to fit in, or just because we’re scared we’d lose our jobs if we didn’t?

My $0.05: Back in Big Public Accounting, working days off and week-ends was a given. It was part of the job and paying your dues. Yet it’s only one of the major reasons why Public Accounting has such a big turnover. While working on some days off and week-ends is par for the course at work (month-end, important company filings, last-minute emergencies), it should also not be a constant. As with everything, balance is key…

What do you think? Are you working on your day off?

The Corporate Sis.

Work It: Belted Notch Collar Dress

Ellen Tracy Belted Notch Collar Dress - $55.99 - Photo credit: saksoff5th.com

Ellen Tracy Belted Notch Collar Dress – $55.99 – Photo credit: saksoff5th.com

I’ve had my eyes on this Ellen Tracy belted notch collar dress for a while! Loving the modern take on this dress, with its notched V-neck, cap sleeves, and tie-waist belt. It looks like a very comfortable and classic dress, with extra oomph to go along!

I’d pair it with minimal jewelry (I’d pass up on the necklace to let the notched V-neck shine). However, I’d seriously consider merchandising it with a wow! pair of kitten heels like this Mallory pair, or depending on whether I’m in a splurging mood, this pricier Pipepinot pair of pumps from Stuart Weitzman.

And to boot, this notched collar belted dress is currently on sale for $55.99 at Saksoff5th.

 

The Corporate Sis.

Do You Need Office Street-Smarts at Work?

Do you need office street-smarts - Photo: essence.com

Do you need office street-smarts – Photo: essence.com

My friend F. is a successful banking manager. When I asked her how she managed to get her last promotion, and do so well at work while raising two kids, maintaining her marriage and never losing her biting sense of humor, she simply replied: “Girl, you’ve gotta be street-smart, degrees are all well, but you’ve gotta work it smart!”

According to the Free Dictionary, being street-smart means “having the shrewd resources to survive in an urban environment.” Well, I would slightly disagree with this definition. In my book, street-smarts does mean having the shrewd resources to survive not just in an urban environment, but rather in any environment, especially in this corporate jungle called work. It makes the difference between those who are ready to successfully tackle the job market, vs. those who really need more office preparedness. Just last year, according to the Wall Street Journal, while nearly 80% of college students said they were “very” or “completely” ready to put their organization skills to work, only 54% of hiring managers agreed with the assessment.

Wall Street legendary trader Ace Greenberg was himself a perfect example of the fact that “degrees and pedigree aren’t a substitute for hard work and street smarts“, as “Greenberg was rejected from a few Wall Street firms before landing at Bear”. Does a formal, even prestigious college education, matters for career advancement? Certainly, yet what matters even more, is what you do with it. Many are the examples of successful moguls who never made it through college, from Dell computer founder Michael Dell to Microsoft founder and Harvard dropout Bill Gates. They made it with the insight, intuition and resourcefulness they possessed, and frankly some of that is seriously missing from the workplace these days.

As the pressure to obtain more and more degrees and engage into more and more continuing education mounts, not enough emphasis is being put on cultivating career street-smarts. From shrewd networking skills to creativity in solving problems at work, to how to navigate the political landscape of our careers, not enough resources are readily available to help.

So do you need career street-smarts more than book-smarts to advance your career? One does not necessarily need to outweigh the other. Yet as you further your career and get ready for your big break, keep in mind you’re going to need just as much street-smart material than book-smart to make it….

The Corporate Sis.

Sunday Spirit: Are You Ready for your Big Break?

Are you ready for your big break - Photo credit: madamenoire.com

Are you ready for your big break – Photo credit: madamenoire.com

Are you feeling like you are this close to your breakthrough, yet not quite making it? Do you keep facing the same obstacles, only to realize more and more work is required of you?

Many a times, we put in the work, step out in faith, awaiting the big promotion at work, better health, a successful entrepreneurial outcome. And then, crickets, nothing, nada, ziltsch…Nothing happens, the promotion never comes, or even worse, gets given to that co-worker you really don’t like. That book never gets written, the business doesn’t get off the ground, and disappointment sets in…

And of course, you inevitably wonder why…Do you need to put in more work? Is the Universe against you, or are you just destined to being average? Or maybe, only maybe, could it be that you’re just not ready?

My grand-father always used to say ” to whom much is given, much is expected”. As much as we long for success, we often forget it comes with a price. As we look at the icons of success of our world, from Oprah to Beyonce, we often only see the outer facade, omitting all the hard work, sacrifices and compromises along the way.

And just as we fail to see others’ hard work and sacrifices, we often fail to foresee the work and sacrifices that will be required of us as we achieve success. Are you ready to face the criticism that inevitably comes with positions of influence? Are you prepared for the ups and downs of success, the self-doubt, the challenge of managing others?

Many a times when success seemed beyond my reach, I realized I wasn’t ready. That I was not mentally prepared to face the hardships and challenges of Achievement. That the difficulties in my way were actually there to prepare me. And that most often, it was when it seemed the darkest that success was actually around the corner…

Are you ready for your big break?

The Corporate Sis.

The 411: Weekly News Update

Weekly news update - Photo credit: k8.picdn.net

Weekly news update – Photo credit: k8.picdn.net

Happy Sunday! For those of us who are enjoying the long week-end, the prospect of Monday at home is pretty exciting! This week-end was quiet, enjoying movies at home on a rainy Saturday at home, and as we start Family Sunday, here’s a look back at the news headlines that made us smile, laugh, and shake our heads this week:

Columbus Day 2014: My 10 Favorite Sales

sale

vibevixen.com

It’s a long week-end, and it’s sales times! Whatever our feelings about this holiday, we all pretty much share the same feelings about long week-ends and sales, and it’s generally a good one! So here are some of my 10 favorite sales of this Columbus Day week-end:

  • H&M is having its big mid-season blowout, with up to 60% off deals;
  • Old Navy’s Fall-static sale is on, with up to 50% off discounts online and in stores;
  • AnnTaylor is offering 40% off your entire purchase this week-end only;
  • LOFT is offering 50% off discounts on Fall favorites, and an additional 50% off on sales items;
  • Forever 21 is offering 30% off discount (use code TAKE30)
  • Aldo is having its huge mid-season sale, with discounts as deep as 50% off;
  • Banana Republic is offering 40% off your entire purchase (use code BRWEEKEND);
  • J. Crew is offering 30% off full-price styles (use code WEEKENDPLANS);
  •  The Limited is offering 40% off everything, including sales items, plus 60% off select sweaters online!
  • Last but not least, Nordstrom is offering discounts as deep as 60% off!

Enjoy your week-end, and shop away!

The Corporate Sis.