Question: I will be transitioning from graduate school back into an industry where I have heard there is a pay gap between men and women.
I renegotiated my salary and would like to know what additional actions I can take to make sure I am being equally compensated for my work.
Answer: I'm glad you are taking this seriously. You are taking all the right steps. If all women were to follow your lead, there would be less of a gender pay gap!
I recommend reading the book Women Don't Ask by Linda Babcock and Sara Lascher. Following extensive research, they found that a large part of the gender pay gap could be due to women's reluctance to negotiate on their own behalf.
Follow these steps when choosing a job to maximize your compensation and your career advancement:
1. Find a position in a division of the business that is growing, not shrinking or stagnant.
2. 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 HR.
3. 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 are in marketing, measure return on investment (ROI) of your marketing programs, and present results/metrics to senior leaders.
4. Ensure that you report to a manager who likes you and mentors you, who has a manager that does the same for them. That way, everyone’s careers advance faster.
5. Seek opportunities to work on high-profile projects that demonstrate your leadership capabilities and challenge you to grow.
Copyright 2007, Women’s Leadership Coaching Inc