Last week we spoke with Madison Utendahl, a true millennial success story. When it came to her how-to, she knew exactly what she wanted to teach us. You know that frustrating feeling you get when you hear that men earn more than women do for the same job? If you didn’t know, Asian women earn 87 cents to every man's dollar, while white women make 82 cents, black women earn 65 cents and Hispanic women earn just 58. This is absurd! Or maybe you’re just here because you’re thinking it’s time you got a raise. Well, we agree. Here are Madison’s 5 amazing tips on the most effective way to be your own advocate and boost your salary.
1. Be informed.
“Do your research and homework on what other companies and brands pay for a parallel role. Understand what a man in that role would most likely get paid. A lot of these things are available online. There’s Glassdoor. I mean, there’s tons of resources where you can do your research to fully have that understanding. Granted, they’re not always 100% accurate but, you know, it’s important to dive in so you can gauge.”
2. Think ahead.
“Set up a six-month timeline for yourself to advocate for that raise. I would say a huge mistake that people make is to go in right before bonus season, which is usually December-January-February, and say ‘I want a raise.’ The company’s already put aside a budget and if you haven’t advocated for yourself before that, that’s not in the budget. You need to think six months out. So if you know they give our bonuses and raises at the end of January, you need to be in that door in July, saying ‘Hey, this is what I’ve done for the year, this is what I’m capable of, here’s what I’ve given this company, here’s what I would like to do. I’m advocating for X percentage raise for the following year, or the next quarter’.”
3. Keep up the good work.
“You want to make sure that you put in that mention and also continue to prove why you stated that. So, if you put in that request in July, if you continue to perform well—which you most likely will—and you have a check in again in October, you’ll get that raise in January.”
4. Get everyone on the same page.
“Another tip I would give is: before you go into the meeting with your manager for a raise, or when you request a raise, [send] a really thorough, comprehensive email ahead of time, at least 24 hours in advance, outlining your successes for the past year and why you believe you deserve this percentage raise.”
5. Conversation, not confrontation.
“[Remind] yourself that delivery is key. You don’t want to go in there demanding anything, you want to go in and engage in a conversation. Expressing enthusiasm and appreciation for the company and reminding your boss, or whoever you work under, that you enjoy your job and the reason why you want your raise is because you want to continue to be a part of that team.”
Amazing advice, Madison! Thank you so much – you were so much fun to talk to and we feel ready (and pumped up!) now to ask for exactly what we want. Readers, hope you feel the same. Come back next week to dive into the world of the CEO of a major Japanese skincare beauty line.