Know Your Worth: Are You Earning Enough?

posted: 06/09/17
by: Katie Morton

It's an unfortunate fact that women who work full-time earn 20 per cent less than men in the same jobs. It's vital that women in the workforce know their value, so that they don't settle for less. We share expert tips to help you determine your own professional worth, so you can earn what you deserve.

Know Your Inherent (and Outward) Value

If you don't know your inherent worth and value to a professional workplace, you won't be able to ask for what you deserve. Some experts say that women tend to be "grateful" to be offered employment, and less likely to push for adequate compensation. Know what the industry standards are, so you're not underselling yourself.

Don't Settle for a Lower Salary

If you settle for a salary lower than what you deserve from the outset, you'll end up earning a significant amount less throughout your career. Even if you're thrilled to accept an offer for a dream job or a pie in the sky promotion at your current job, make sure the numbers add up.

Rely on Mentors

It can be challenging to determine your worth, especially if you're just starting out in a new industry or with a new company. Reaching out to your mentors for an assessment of your skills, values, and strengths can help give you insight. Ask your mentors and your professional contacts what they'd pay someone in your position.

Boost Your Value in Your Free Time

If you'd like a salary bump, it's important to show evidence for why you deserve that extra pay. Before entering into negotiations with your current employer, update your resume. Firm up any weak spots in your skills and experiences. Taking a certification class or other related continuing education course could help boost your value and your income!

Don't be Afraid to Ask for a Raise

Money can be a tricky subject and it may be uncomfortable to ask for a raise. The reality is if you think that you deserve a raise, broach the topic with your superior. The truth is that you will never get what you want if you don't ask.

Are You Happy?

One of the ways to evaluate your worth is to look at whether you bring value to your company. When you're happy with your work, you'll tend to be successful at those tasks. And, if you're successful at your job, it's a sign you're bringing value to the company. Document your successes to build a record to back up asking for a raise.

Research the Numbers

If you're not certain about how to assess your value or how to ask for the raise, it's worth reading up. These books are a great place to start:

Knowing Your Value: Women, Money, and Getting What You're Worth by

Mika Brzezinski

Lean In: Women, Work, and the Will to Lead by Sheryl Sandberg.

It may be challenging to determine your worth in the workplace. Remember; be confident in your abilities, your value, and your skills. Don't be dissuaded from negotiating for the salary you deserve based on your professional value.