Salary Negotiation for Women Close the Pay Gap! Part 1

Salary Negotiation for Women Close the Pay Gap! Part 1 Salary Negotiation for Women: Close the Pay Gap! Part 1 The following story, one that a friend related to me just a couple of days ago, has become all-too-familiar: Judy (fictitious name), a part-time assistant in my friend’s office, was offered a full-time position at a salary lower than she deserved, and lower than she had made in previous positions. She felt underappreciated, but wanted the full-time position. So she went home to discuss it with her husband, and came back the next day with her decision. She would accept the job. She did not negotiate, but instead accepted the low-ball offer. What she didn’t know is that the hiring manager had been prepared to give her more- if she had chosen to ask for it. Now, not only is Judy’s salary below her worth, but all her raises in the future will be based on a low starting point. To me, this situation is very sad. You’re probably aware of the pay gap between men and women in the workplace. Perhaps you’ve heard the statistic that women earn 80 cents to every dollar that men earn. The gap persists after controlling for college major, occupation, employment sector, and even requests for time off. Strikingly, this number varies depending on ethnicity: Asian women earn 94 cents to the men’s dollar; white women 82 cents, African American women 68 cents, and Hispanic women 61 cents. So while it does seem that the gap is due to underlying sexism and racism, some of it could also be due to women’s failure to ask for what they deserve. I wonder, are Asian women just better negotiators than their white, African American, and Hispanic peers? While the answer to that question is still a mystery to me, I learned a ton about the topic of salary negotiation in a webinar presented by Professor Deborah Ellis for YaleWomen, Salary Negotiation. Professor Ellis addressed the pay gap for women and how women can start making inroads into that gap through salary negotiation. In salary negotiation, there is nothing to fear but fear itself. Many women are scared that by negotiating they will lose the position completely- but that rarely happens. You might lose the negotiation, but you won’t get a worse package than what you were already offered. And more often, you’ll get what you want. One mid-level lawyer reported: â€Å"I negotiated, and there really wasn’t any back and forth. He just said yes to the request I made.† Hmmm†¦ Maybe men who are hiring are more scared of you than you are of them. They don’t want to lose you and they have already chosen you as the best person for the job. So you are in a position of power. Use it! Salary negotiation works for women! I wish more women understood their position of power and would reap the benefits of salary negotiation. But a study at Carnegie Mellon revealed that only 7% of women grad students negotiated vs. 57% of men. The average salary bump for negotiating was 7.4%, which translated to $500K over the course of a career! If you are a woman who doesn’t negotiate for your salary, I hope you’re getting that women DO succeed in salary negotiation. And you can too. There’s neuroscience at work here: If you think you will do well, you will do better than if you think you won’t do well. One way to convince yourself that you will do well is to know that others have succeeded before you. Women face unique challenges in salary negotiation. Many of the barriers to salary negotiation are internal. I’ve addressed some of those above. Also, women historically have a harder time advocating for themselves than they do for other people- but they are better than men at â€Å"representational negotiation†- fighting to get something for another person. Here’s a nifty trick offered by Professor Ellis: If you think you don’t deserve more for yourself, negotiate for someone else in your life, like your family, or even your dog. But ask! There are also external barriers faced by women. The reality is that women who make demands can be seen as adversarial or confrontational. So how you ask makes a difference. Here are some techniques to work against the negative perceptions that are out there: Don’t make demands in writing. Have a conversation, preferably in person or by Skype. Phone is okay too but it’s great to be able to see each other. Yep. Be friendly. Use â€Å"we† instead of â€Å"I†- make it about the team and working together toward a common cause. Express enthusiasm about the job from the get-go. Never say it’s non-negotiable. Ask questions vs. making demands. Examples: â€Å"Would you consider a salary of $xxx?† â€Å"What would you think of my working from home†¦?† Use humor. Use the power of silence. Let them fill the silence. Overall, keep in mind that the goal for both you and the employer is a continuing relationship. Both of you want to reach an amiable win-win solution. I hope you’re feeling more confident that you can go and negotiate for the compensation you want. Next week, I’ll share more about the nuts and bolts strategy of salary negotiation, which applies to men and women alike.

Animal rights Research Paper Example | Topics and Well Written Essays - 1750 words

Animal rights - Research Paper Example In order to save time and digest quickly, fast food intake can be seen more around the globe and thus animals are utilized to fulfill the hunger of humans. Farming and upbringing of animals is increase but there are various unnatural techniques applied to have rapid growth. Even killings of infant animals are also observed just to make sure that food supplies remain intact. Wildlife is also affected due to deforestation and killings of animals brutally. This scenario is certainly creating immense problems for animals as their rights are violated immensely. This research paper will demonstrate that in which sectors particularly the violation of animal rights is enlarged, the outcomes of this brutality and its impact on the environment. Presentation of case along with the analysts’ reviews and recommendations will be covered to make this research paper strong and powerful. Technological advancements have lead to the usage of machine power more than the man power. Similarly previously animals were also utilized as a labor force so that workload would be distributed. Animals were the main source of carrying luggage, transportation of goods and domestic traveling. Machineries have replaced the work of animals now and human’s role also has been decreased. Now the purpose of animals usually in industries is for productivity. Farms have been established by the industrialists where animals are kept so that productivity measures can be taken through their generation (Singer, 2005). The industrialization revolution has certainly decreased the value of both animals and men. Animals were kept with great care and affection pre-industrialization so that everyday processing would be made easy and quick. Before the evolution of substantial machinery, animals hold an eminent place in the industries, where they were employed to for the luggage purpose primarily. After the revolutionary machinery inception, animals rights started to violate

WHAT ARE THE RECENT TRENDS IN EUROBOND MARKET CONCENTRATE ON ISSUES OF Essay

WHAT ARE THE RECENT TRENDS IN EUROBOND MARKET CONCENTRATE ON ISSUES OF SIZE, VOLUME, BORROWERS AND INNOVATIONS - Essay Example Therefore, the market is highly dependent on the reputation of the issuer. The following discussion will see how the Eurobond market has grown since its inception to its current size. The essay will also discuss the current volume of the market and the diversity of the borrowers participating in the market. Finally, the essay will look at the innovations in the Eurobond market with major types of products offered in the market. The bond market is the primary provider of medium or long-term financing for corporations and the market is dominated by the Eurobonds in the international environment. Prior to the appearance of Eurobonds, long-term capital from international source was raised by floating a bond issue in some other country denominated in the currency and meeting the requirements of the country it was issued in. These are called foreign bonds and the total annual volume was an average of $2.6 billion from the period 1964 to 1974 (Smith, 2003). The number of foreign bonds increased substantially after 1974 because of the removal of US capital market controls. However, the number of foreign bonds traded is very small compared to the total international bond market. Smith (2003) points to the various reasons which hampered the growth of foreign bonds. These include the fact that issuers had to meet local requirements which caused delays while issuers prepared the necessary documents or permissions. Expenses were also high because of the underwriting fees and other expenses incurred by the issuer. The 1960s saw the emergence of Eurobonds which rapidly went on to dominate the international bond market. Originally, Eurobonds were unsecured promissory notes denominated in US dollars. They were not registered with US Securities and Exchange Commission (SEC) and therefore could not be sold in US or to US citizens. They were sold to non-US residents, primarily wealthy individuals and foreign institutional investors. Madura (2006) mentions that the emergence of Eurobond market has been highly influenced by the introduction of Interest Equilisation Tax (IET) by the US government in 1963. This IET of 15% on interest received from foreign borrowers was originally designed to restrict foreign debt sold in US market and discourage investors in US from investing in foreign securities. However, the tax actually stimulated the development of Euromarkets and dollar driven financial activity in London. IET was removed in 1974. Eurobonds found further boost in 1984 when the US government repealed the 30% withholding tax on interest income paid to foreign persons or corporations. This allowed US corporations to issue bonds directly to non-US investors. Previously, many foreign investors showed reluctance in purchasing US corporate securities as US issuers were required to withhold part of the required interest payments in order to ensure any tax due would be paid. They were also required to disclose their names and addresses to the issuer. To attract such investors, American companies had to issue bonds in the bearer form through subsidiaries in various tax-haven jurisdictions, such as the Netherlands Antilles (Smith, 2003). Thus removing the withholding tax ensured that foreign investors could