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You are here: Home / Reader Submission / 3 Must-Do’s to Close the Money Gap

3 Must-Do’s to Close the Money Gap

November 10, 2009 By Susan Gunelius

Guest post by Debra Shigley (learn more about Debra at the end of this post)

Debra Shigley smallFor the first time in history, women are on the verge of outnumbering men in the workplace—but we still earn less. How can women strive to close the gap?  In researching my new book The Go-Getter Girl’s Guide, I spoke with hundreds of  women who are getting ahead—and earning their worth. Here are some of their strategies:

Start asking for more money now.

Or you might lose out big over time.  A study showed that women who consistently negotiate salaries earn at least $1 million more over their careers. By not negotiating a first salary, you can lose more than $500K by age 60. And statistically, women lag far behind men in how often we negotiate. How can you get over your fears of asking for more money or better terms of employment? Begin to train yourself to ask for stuff you want and negotiate in everyday life, even if it’s just what’s for dinner. Then, when you go in to ask for a raise or promotion, you’ll have had practice.

Find a “new girls” club.

Professional relationships can help you get ahead, and in the end, make more money.  If you can’t break into the “old boys club” or don’t want to learn to play golf (!), find a “new girls network” of like-minded women who also want to get ahead. 

Think about “work life triage,” rather than “balance”.

Go-Getter Girls I’ve interviewed say that work-life balance doesn’t really exist—and that  “you can’t have it all at the same time.”   They’ve come to think more in terms of “triage,” not balance.  In other words, a constant reprioritizing of what sphere matters most at the moment—and these priorities change throughout the day, month, even years. Early in your career, the emphasis may realistically be more on the “work” than the “life.”  Sometimes you might have to put other things on the back burner to seize critical opportunities for your career.

About Debra Shigley

Debra Shigley is a journalist and author of the book The Go-Getter Girl’s Guide (St. Martin’s Griffin). She completed her undergraduate degree at Harvard and her law degree at Georgia State, the latter while working full-time as an editor for Atlanta magazine. She has been featured as a lifestyle expert on national outlets such as The View, CNN, ABC News, and been quoted by The Wall Street Journal, Washington Post, AJC, Redbook, and many more.  Her work has appeared in numerous publications including Fast Company, Allure, Daily Candy, and Heart & Soul. Please visit her website, www.debrashigley.com, and her blog, www.thegogettergirls.com.

Susan Gunelius

Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 30-year veteran of the marketing field and has authored a dozen books about marketing, branding, and social media, including the highly popular Ultimate Guide to Email Marketing, 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics. She holds an MBA in Management and Strategy and a Bachelor of Science degree in Marketing and is a Certified Professional Career Coach (CPCC).

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Filed Under: Reader Submission, Work-Home Life

Comments

  1. Pixie Stevenson says

    November 10, 2009 at 11:19 am

    Debra, you’re right on about not wanting to join the boy’s club and starting a girl’s club. It is much more powerful to create something new than to try to change something old.

    I have said for years that women cannot have it all. I think that is where feminism failed. Life is not static! It is resistance to change that gives us feelings of being overwhelmed. What needs attention today may not be what needs attention tomorrow. Triage is a good idea just wish we could find a word that felt less like an emergency.

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