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Friday, October 11, 2013

GHC13: Asking for a raise and getting it


This talk by Matt Wallaert, Behavioral Psycologist with Bing at Microsoft, was the third in the session Lightning Talks on Career.  The session started first with Sabrina Williams from Google giving some pointers on “Nailing Your Technical Interview”, see her blog here and the wiki notes if you missed it. Then we heard from Ketki Warudkar from Box on “Thinking Big While You’re Young”. These two very useful topics targeted the audience members just starting out, unsure of how to interview well and how to start making decisions on your career path, a perfect lead in to those who currently have jobs and are probably underpaid due to the gender wage gap quoted as around 30%.



For just the note/facts from “Asking for a raise and getting it”, see the session notes on the wiki. 

The message here is important, if we start and continue our careers by being underpaid it is very difficult to close the wage gap. As Matt informs us, even if we stop eating, not stop eating out but stop eating that would not make up for the difference in salary we make in a year. See Matt discuss this here. Once you accept your incoming salary to a company all of your raises are based on a percentage of that number to increase. 

How do we know what we are worth, go to www.getraised.com, it is free.  Here you can find out based upon your title and contributions to your company, prior and future, what you should be paid based upon people in your geographical area with similar titles.

Get Raised was founded in 2010 by Matt Wallaert and Avi Karnani and has continued with the support of a few companies and team of people to bring its current incarnation to us. They have created a salary engine that is based upon government data, user information, and current job postings to narrow the wage gap and help people get paid what they are worth.

So, what if you are underpaid? The site will help you construct a raise request that maximizes your chance of getting a raise.

Raises are not about emotions or about what you want they are about value to the company. You can’t just walk in and ask for a 20% raise the answer will likely be no, the inflection point is 12%, the most successful request is 8%. Maximize the likelihood.

How has it worked for users so far? 72% of women who have used the service have successfully gotten a raise on average of >$6500. This is a big deal, integrate this over the life time of these women and you are talking millions of dollars.

Do you know what you are worth?

Are you afraid to ask for a raise?

Even if you know what you are worth, I believe we should all head on over and use the site, because I for one want everyone to be paid what they are worth and if www.getraised.com uses user data then we should all be putting our information in and giving more data points. Many companies discourage sharing what you are paid with co-workers; some even come right out and say when they give you a raise that it’s in your best interest not to talk about it citing at work jealousy as a reason.

Let’s be as brave as the women who are using this tool to ask for a raise! Watch this 5 minute video where Matt talk about this here http://www.youtube.com/watch?v=efvg1yamYN8 and take a few minutes to pass along this message. As of this posting, this video only has 67 views, let’s change that. I have seen our online community come together and address things on the internet that shouldn’t be happening, lets watch this video and use this tool, lets close the gap!

 In closing here are a few reactions to the site and talk via twitter. Please leave a comment if you went over to the site, I did and I will write a blog on my experience later.






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1 comment:

  1. UnknownJune 24, 2015 at 1:09 AM

    A manifesto for the future that is grounded in practical solutions addressing the world’s most pressing concerns: Matt Wallaert, Wage gap, Inflection point & Raise request.
    Pay to do my homework

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