Steps to Earning Equal Compensation
Posted on Fri, Apr 10, 2009 @ 02:50 PM
Did you attend the recent FWL event "Why Women Don't Ask: Negotiation and the Gender Divide"? Looking for advice on how to increase your salary or up your benefits? One of FWL's featured leaders and the facilitator of the FWL Leadership Development Program, Jo Miller, addresses how to earn equal compensation in her monthly Q&A forum hosted by Anita Borg Institute for Women and Technology.
We've noted Jo's five steps to maximizing your compensation and career advancement below, but feel free to read her full posting here.
- Find a position in a division of the business that is growing, not shrinking or stagnant.
- Ensure that you are hired into a division that is a revenue center, not a cost center. For example, seek out jobs in areas like product management or sales rather than in finance, operations, or human resources.
- Look for a role that allows you to demonstrate the link between your work effort and business results, and make those results visible to senior-level leaders. For instance, if you work in marketing, measure return on investment (ROI) of your marketing programs and present results/metrics to senior leaders.
- Ensure that you report to a manager who likes and mentors you, and whose manager does the same for them. That way, everyone's careers advance faster.
- Seek opportunities to work on high-profile projects that demonstrate your leadership capabilities and challenge you to grow.
Have any other tips on how to grow your salary or benefits? Let us know in the comments.