October 15, 2024 • 39 mins
Inflation’s rising, bills are piling up, and your paycheck? Not so much. Today we're going to fix that! This episode is all about giving you the confidence and strategy to ask for that raise, lock in some lifestyle perks, and start feeling in control of your finances. Let’s get you paid what you deserve, shall we?
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor
the Order KERNI Whoalbury and a waddery woman. And before
we get started on She's on the Money podcast, I
would like to acknowledge the traditional custodians of the land
of which this podcast is recorded on a wondery country,
acknowledging the elders, the ancestors and the next generation coming
(00:22):
through as this podcast is about connecting, empowering, knowledge sharing
and the storytelling of you to make a difference for
today and lasting impact for tomorrow.
Speaker 2 (00:33):
Let's get into it.
Speaker 3 (00:34):
She's on the Money, She's on the Money.
Speaker 4 (00:57):
Hello, and welcome to She's on the Money the podcast
at hell to grow rich out in every way, especially
in your wallet. I'm excited. And last episode you might
remember that we stretch those dollars further until they screamed.
It's not the first time had that effect. But today
we're shifting here. Okay, it's all about making more money.
Speaker 3 (01:14):
Honey.
Speaker 2 (01:15):
Oh I love this. I am totally here for our
community making more money. I'm really pumped to this chat.
I feel like you're bringing the right energy. Yeah, yeah, yeah,
you're bringing your big dog energy today and usually in
tough financial times, our instinct is to focus on saving,
like tightening the belt, like we're just trying to like
scrimp and save. We're looking for like budget recipes, like
(01:37):
we're doing things at home instead of going out. But
I want to shift that narrative. I want to change that.
I want to do something different. Today we're going to
be focusing on how to bring more money in, Beck,
not just how to save it.
Speaker 4 (01:51):
Yeah, okay, I'm liking this. And honestly, who doesn't like
more money? Who do?
Speaker 2 (01:55):
Really? Nobody? We all like more money back, and now
more than ever, we all need more money. So today Beck,
we're talking about getting yourself a pay rise. Yes, money win.
But also it's a little bit of a fickle conversation.
According to the ABS, Beck, wages they've been growing, but
they haven't been keeping pace with the rate of inflation.
(02:18):
Class it's so annoying. So that essentially means that as
the cost of goods and services increases, our wages aren't
keeping up, and that is putting us in a little
bit of a pickle because ultimately that means that this year, Beck,
you're able to buy less with your salary than you
were able to buy last year. That's not fair.
Speaker 4 (02:37):
I know it's like a paid deduction, exactly.
Speaker 2 (02:39):
But nobody's calling it that, are they. They're just going, Oh,
it's just the rising cost you live. Exactly. I'm so
sick of hearing cozy lives. We now need to talk
more about how to make more money, like we are
hustlers and we deserve it, right, Beck, I completely agree, exactly.
Speaker 3 (02:56):
So.
Speaker 2 (02:56):
Research by the recruitment company Hayes. You've probably heard me
talk about them a million times before. They found that
fifty four percent of Aussie's believe that they're underpaid doing
the work that they do, but less than half of
them feel comfortable asking for a pay rise. It is awkward.
It's awkward, but we're going to make it better. We're
going to make you feel so empowered to ask for
(03:18):
a pay rise. I think it's wild. You're doing that work,
you should be remunerated for it. Like you're not going
to work for free, Beck, Exactly, you don't. I mean,
I love my job. I am stupid enough that I
would do my job for free. But that is a privilege. Yes,
if you're going to work, you need to be remunerated
(03:39):
for the time, that energy, the effort, the fact that, Beck,
you would much prefer to be outside hanging out in
the grass. Yeah, but that don't make money, does it. Unfortunately,
So for the time that we are making money, we've
got to make it work hard. Yes, it's got to
be worth it. So what do we have to do
if we're not being paid what we are worth?
Speaker 4 (03:58):
We ask very kindly for a pay rise.
Speaker 2 (04:01):
That's true, but we're going to get our ducks in
a row, so it's basically impossible to say no. Cool,
I love this for us, right, So, Beck, I want
to know you ever asked for a pay rise? I did?
Speaker 4 (04:12):
Ones was a few years ago.
Speaker 2 (04:13):
How did it go?
Speaker 4 (04:14):
I think I was on fifty K and this same
role was worth like upward of seventy and I did
ask kindly. Was with a boss who I really love,
and she said, Beck, let's pretend we're of the pub.
Let's just speak candidly. Ask me what you want to
ask me. And then I said, I need more money. Unfortunately,
it was a big no, and there was no two
ways about it. I probably could have gone in with
more information and more confidence and more everything.
Speaker 2 (04:37):
Why do you think it was a big no, because
that's a really big let down, right, Like, even though
your boss is like beck, let's speak candidly, which makes
you feel a bit at ease. Yeah, she chucked me. Well,
I don't know if she tricked you. Maybe she was
trying as hard as possible. I would say that leans
into my management style, right, Like I would love for
you to feel super comfortable coming to me about anything,
(04:59):
like and if you were like, oh, I need more money,
I'd be like.
Speaker 5 (05:01):
Great, let's have a chat about that. Yeah, but that.
Speaker 2 (05:03):
Can be a way to kind of disarm you so
that you're not as researched, like yeah, and even if
your boss is super casual, super chill and open for
a conversation, I think that we should still be going
to those meetings fully prepared. When you went to that
meeting you said before, you weren't super prepared, Like did
you walk away going damn? I could have held my
own a bit more or like, how'd you feel a
(05:25):
little bit of both?
Speaker 4 (05:26):
Because I know that there were several layers of management
above my boss at the time, So I feel like,
in her words, she didn't have much wiggle room. It
wasn't after her but she could have I do think,
gone away and fought my battles for me, But she
as an individual didn't have that much. So I think
the part of me was like, damn, I should have
been more prepared. The other part of me was like,
I don't know what she could have done.
Speaker 2 (05:47):
You know, Yeah, And I totally get that. But if
you went as prepared as possible, she would have been
able to take that information and share it up the right.
That's true, and it doesn't necessarily mean that you would
be in the better position. But I think the big
thing here for me is you did it? Was it scary?
Speaker 4 (06:06):
Oh yeah? I was sick with nerves, even though I
speak to this person all the time, but it's really exhausting.
Speaker 2 (06:11):
I feel scary. It's so awkward, exactly, And I feel
like for most people there's this psychological barrier when it
comes to asking for a pay rise, Like it feels uncomfortable,
it feels awkward, and especially for millennial women, we just
shy away from it so much, like we have this
deep seated fear of rejection. We have this idea in
(06:32):
our head We're gonna go to our boss, and our
boss is going to go oh Beck, you think you're
doing a good job, you think you're worth more money.
Oh no, Like, I don't want that conversation. That makes
me feel uncomfortable. And I am the worst, right, Like
I extrapolate things out in my head. I've said this
to you before, Beck, what's the worst thing that never happened?
Like you make things up in your head and you're like, oh, well,
(06:55):
my boss would say this, and then I get fired. Yeah,
Like how good are we at make up these situations
literally in our head, which are a psychological barrier to
you getting what you deserve, Like you deserve a pay rise.
But we need to doddle our eyes and cross all
our teas to get there, to make sure that when
we walk into that meeting, we go, hey, boss, I
(07:16):
know that you said be really candid, but I've just
prepared a few things and I want to make sure
that we are on exactly the same page. And I
think that this happens because, especially as women, we are
so scared of feeling greedy or looking greedy, or looking incompetent,
or looking like we're being demanding. I live on TikTok
(07:37):
chronically online, Beck, and there's just a lot of content
at the moment about reframing childhood behavior, like if your
kid's bossy, let's not call them bossy, let's call it leadership.
Like that was me, Like I had the nickname Bossy
Boots when I was little. But that doesn't mean I'm
not scared to ask for what I'm worth, And like
that even filters into my everyday life, like I know
(07:58):
that I'm not in a position now where I have
to go to a boss and ask for a pay rise,
but like I have to negotiate things all the time,
and I still feel sick about it, Like I still
get uncomfortable, like I do speaking events, but like going
to someone and being like, hey, so you've inquired about
my speaking rates, and I would love to speak at
your event, but here's how much it costs. I feel
(08:19):
so uncomfortable, Beck, I hate that conversation. So this is
maybe a little bit of a pep talk for me
and you and our community so that we can get
what we are worth, because should we be paid what
we deserve, absolutely exactly. So for women, this situation is
obviously very tricky, and research shows that women are less
(08:39):
likely beck to negotiate their salary than men.
Speaker 4 (08:42):
That checks out.
Speaker 2 (08:43):
I hate that. That's the statistic. In fact, according to
a Payscale report, sixty percent of women said that they've
never negotiated their salary. What's the worst thing that could happen? Beck, Like,
you went into this literal situation. What was the worst
thing that could happen?
Speaker 4 (09:00):
Well, probably nothing literally would happen. You already go in
there feeling.
Speaker 2 (09:05):
Like like, let's use your example. You went to your boss,
you asked for a pay rise. You had a great
candid conversation. She heard you. Yeah, she said, sorry, Beck,
don't have a lot of wiggle room. I mean we
can reflect on it and say there's things that we
might change or do better next time. That's okay, But
she said, sorry, Beck, I don't have any wiggle room.
It's a no. You know what happened in that situation.
(09:26):
You walked away with a confidence to ask for what
you were worth, which is sligh from my perspective. On
the flip side, your boss realized that you are the
type of person who's going to ask for what you deserve.
Speaker 4 (09:38):
Yes and all. See, she's realizing that we're desperately underpaying it.
Speaker 2 (09:43):
Yeah, she knows. So it's planting a seed that you
are probably going to come back at some point when
you have some more research, because you've already said I'm underpaid.
So even if they say no the first time, it
might be genuinely because of the example that you had,
they have to say no. They're like, actually, don't have
any more budget. I would love to pay you more, Beck,
but like I just don't have that ability. Yeah, and
(10:05):
you go, Okay, no worries. When's budget allocation season?
Speaker 4 (10:09):
Goodbye?
Speaker 2 (10:09):
But when does that change? Yeah? Yeah, yeah, is there
anything I can do to help you have that conversation
with your manager.
Speaker 4 (10:15):
And if you realize that there's absolutely no chance of
ever getting to pay rise?
Speaker 2 (10:19):
Yeah, And I just think that so many times we're
so anxious to go into these situations and negotiate for
ourselves because we're so scared that the answer is going
to be no, when in reality, even if the answer
is no, we have learned something. We have learned something
about backing ourselves. We are walking the walk that we
always talk about. We are going in and saying we
(10:41):
deserve better and this is how I would like to
see it happen. And that's okay if it doesn't happen
that way. But you've learned, You've given yourself a little
bit of confidence. The next time it comes do you
ask in for a salary increase? Again? Beck, much easier
because you've done it before. Yeah, Like you've kind of
been in the sea. You've had a few of those
things happen. And I think a lot of this actually
(11:02):
comes down to societal norms. If you've not done it before,
you don't feel comfy rocking the boat per se. You're
a little bit uncomfortable about that reality. But like, I
don't want to be on smooth sailing waters when it
comes to my pay. I want you rock the boat
and end up in a better position. Consistently, and I
think that there's this consistent idea Beck, especially for women,
(11:24):
that you, my friend, need to be grateful for what
you want.
Speaker 4 (11:27):
That's so true.
Speaker 5 (11:28):
You should be grateful for what you already have.
Speaker 2 (11:30):
Beck, you have a good job.
Speaker 4 (11:32):
Yes, it is weird because you go through the interviews
and you're like begging for this job basically, but in
like the most professional way, you.
Speaker 2 (11:37):
Should be grateful so what you already have. Do you
know what that gets in the way of us advocating
for what we deserve. Yeah, that's so true. I'm grateful
for what I have. I'm also grateful for the skills
and the experience that I've learned in this job, which
have enabled me to be more efficient. I also know
how to do a better job.
Speaker 4 (11:54):
Which is good.
Speaker 2 (11:55):
But like, you deserve more because you are more. Like
when I got this job, I was at a certain
level and I was paid at that level. But I
deserve more now because I am more. Make it make sense,
Make it makes sense. It does make sense.
Speaker 4 (12:13):
You know, It's like, based on experience, you'll be paid
you know whatever, hundred, It's like, okay, But when you
get more experienced, that payoise doesn't just come exactly.
Speaker 2 (12:22):
And I feel like that then plays into this narrative
that you got told no, and then if you were
super motivated about moneyback, you might have started looking for
a new job. Yes, because you're like, well, I was
on fifty grand. That wasn't cutting a mustard. I wanted
to earn sixty. So because I'm not getting it in
the house that I'm currently in, I'm going to start
(12:43):
looking elsewhere. And then our generation of millennials, we have
been labeled as a job hopping generation.
Speaker 4 (12:49):
I'm quite proud of us for that.
Speaker 2 (12:51):
I'm proud of us because we're consistently jumping up and
up and up, and you consistently see that we are
earning more because of that. But we often labeled this
job hopping generation as though that's a bad thing, when
the reality is that many millennials that do stay in
their role are underpaid. Yes, so you're crucifying us because
you know we've got no commitment, but you guys aren't
(13:13):
remunerating us for what we are worth exactly. And I've
always lived by if you don't like it, leave, Yeah,
Like in every situation. If I don't like it, I'm leaving.
That's fine. Don't like the food at a restaurant, Beck,
We're going to find a new restaurant. Absolutely. Are you
going to keep eating the food that you don't like?
Absolutely not. There was actually a LinkedIn survey that happened
it's me recently that found that thirty eight percent of
(13:37):
millennials Beck avoid asking for a raise because they feel
like they haven't been in their job long enough Yeah, okay,
or they feel like they are being disloyal. Plus, many
of us who are entering the workforce during like economic downturn.
We hear it, we see it's all over the news.
There's this ingrained belief in us that we should just
(13:57):
be happy to have a job. Back to that, I
guess now arrative of you should be grateful for what
you already have. Beck why always asking for more? Oh,
you're so entitled. All you do is ask for more?
Speaker 4 (14:08):
I know, especially if you kind of like your job
and you're like, thank you so much for giving me
the opportunity.
Speaker 2 (14:12):
They've give me the change and hinged and I think
that if you want to ask for a pay rise, let's,
you know, go through a list of should we be asking?
What does that look like? I'm going to gather my research.
But because of all this societal pressure and this idea
that we should be grateful for what we have at home,
the fear of judgment, the.
Speaker 5 (14:32):
Self doubt, it actually puts.
Speaker 2 (14:34):
Us behind, and women in particular, and especially like a
younger generation of women are missing out on the money
that they deserve, and that money could be creating wealth
to put you and future you in the best possible position.
Speaker 4 (14:52):
Yep. So what I'm gathering here from what we've spoken
about is we probably need to do some work on
ourselves before we actually get to asking for a pay rise.
And honestly, I wish I knew a person who was
good with both psychology and finance to help me out.
Speaker 2 (15:07):
Do you know what I'd find? No, I actually have
no idea.
Speaker 6 (15:10):
I don't know.
Speaker 2 (15:10):
It's me. I'm the problem. Yes, me, I feel like
I can help you here. I actually have a couple
of degrees in psychology before I decided to dive into
the world of finance, and I think my favorite thing
about She's on the Money is how we marry psychology
and money in a way that makes it approachable and
personal but also powerful. It's like my favorite thing ever,
(15:34):
Like my job is to educate you to empower yourself.
Speaker 4 (15:39):
And God, she's good at it.
Speaker 2 (15:40):
I try. That's very complimentary. But when I started that
She's on the Money community, my favorite thing about this
community is how open people actually are to talking about
money and their money stories and putting themselves in the
best possible position. And what we've been doing is working
to break down this taboo. Talking about money and talking
(16:00):
about finance is not okay. And I think that by
doing that, you're giving people permission not only to ask
for more money, but to be okay with where they're
at and go, oh, actually, this makes a lot of sense.
It gives you the permission to put some blinkers on
and not compare yourself to others. And I think one
of my biggest goals when I started Shees on the
Money was to make conversations about money normal, to put
(16:24):
you in a position where you feel powerful. Like you
and I Beck, we have conversations every single week about
money without it being personal. Nobody on this show knows
how much money Beck earns. But we know your money values,
we know parts of your money story, we know your
thoughts and feelings, and like, we know what you do
if you came into ten grand, Like I think that's
really cool. So money can be as personal as you
(16:46):
want it to be, but it can also be like
a little bit private, Like you don't have to tell
me how much you earn to have a positive, powerful
conversation about money. And I think that that's the coolest
thing about our community. But starting is so intimidating. So
to begin conversations about money, to get to a point
where you are genuinely empowered, to walk into your boss's
(17:07):
office and be like, hey, just so you know I'm
actually worth a little bit more, You're probably not going
to say it in the same tone of voice. You're
probably going to be a little bit more professional than me.
We want to start small. We want to chat with
our friends, we want to talk to our family, literally, whoever.
If you've got nobody in your inner circle, we're here.
We have an entire Facebook group, We have chats all
(17:28):
the time. People break off, they go out for coffee
with each other. It's the most wholesome thing in the
entire world. Back, the more you talk about money, the
more comfortable you are going to become when it comes
to advocating for yourself around cash. So next thing I
want to talk about is instead of framing it as
(17:49):
I am asking for more money, which I don't think
it is, but some people can feel this a little
bit crass. We're going to use some of my psychology
degree and we're gonna shift our mindset fotiating my value. Yeah,
I am worth.
Speaker 4 (18:03):
More, beck, It's a really good way to put it.
Speaker 2 (18:05):
We're going to negotiate our value. So salaries, they're not
actually an expense to the employer, They're an investment. They're
an investment into their business. They are an investment into
the value that you as an individual bring to that business.
Do you help that business make more money? And I
don't want to hear it when people say, oh, but
I'm like not a sales role. I was having this
(18:25):
conversation with literally one of my admin or my team,
and I wanted them to ask me for a pay
rise because they deserved it. But I wanted them to
bring it up because if anything, I want to walk
the walk in my team. And I was like, so,
talk to me about pay like, how do you feel
about it? Like they've been with me for just on
a year, so it was like pay rise time in
(18:46):
my head. Yeah, But I was like, surely they want more.
And I kind of wanted to push her down the
garden path to asking me because even though I think
that our team would be pretty comfortable asking, like I
want to empower them with the knowledge and the tools
so that if one day they don't work for me,
they can advocate for themselves, not just me going yep, cool,
(19:07):
like I am a money person and this is what
we're doing. Like I want them to be like, oh,
I'm powerful. I want you to be so good at
it that like if someone sees she's on the money
on your resume and they're like, m, this one's going
to be good. Yeah, Like that's what I want, right.
So instead of framing it as like I'm going to
ask more money, I'm going to know my value. I'm
going to negotiate my worth. That is what we're bringing
(19:28):
to the table today, because a salary is not an expense.
It's literally an investment. And it's a subtle but very
powerful psychological change that you can make into even valuing
yourself more, which is very important. And research into behavioral
economics actually tells us that when we shift our mindset
(19:49):
and we shift the way that we view things, it
impacts our confidence and it impacts our ability to make
a good decision. So changing your mindset isn't just some
fluffy thing that you do. It's actually something that can
change your life, change your financial situation. It is so
cool from effective exactly, it is life changing. We want
to shift our mindsets. And when you think of it
(20:11):
as advocating for the value that you bring to the
situation as opposed to like, oh it's a cost to
the business, it's going to make you feel more empowered
it's going to put you in a better situation, And
it's not about begging for some extra cash because, like
on the bills, they're adding up. Like, I don't recommend
anyone goes into a situation and says, hey, I'd like
to talk to you about getting a salary increase, because
(20:31):
like groceries are so expensive, we are advocating for ourselves,
not for the bills that we have to pay. So
for me, it's making sure that your compensation aligns with
the contribution and the impact that you have on that business.
Speaker 4 (20:44):
It's a mouthful.
Speaker 2 (20:45):
It was a bit of a mouthful. What about though, like.
Speaker 4 (20:47):
When imposter syndrome kicks in, because it.
Speaker 2 (20:49):
Will so One of beck I find the most effective
strategies is to remind yourself of your past wins. So
if I was talking to you, I'd be like, remember
that time that you went and negotiated with your boss,
like you won. I know you didn't get the cash
that you wanted, but positive conversation, good outcome. You are
more confident because of it. We always remember our mistakes back,
but we are often so quick to forget our achievements
(21:12):
or even frame them properly. And those moments are proof
of your value. So start keeping like a little wind journal.
I have it in my note section on my phone
where you can just track everything that you've accomplished, whether
it's big or small. Like recently I wrote down a goal.
I have reset my wake up time in the morning.
I get up at six, which is amazing. But historically
I didn't do that. But that's a win. Yeah, Like
(21:35):
I shifted that and that was really hard for me.
And whether it's you nailing a project, or some positive
feedback or a goal that you've smashed, write it down.
Because we don't actually celerate ourselves enough. That habit is
actually going to give you tangible evidence of your capabilities.
And when that self doubt starts to creep in, you've
actually got a reminder that you've already proven yourself. Plus,
(21:56):
this intel's going to be invaluable when you're going to
ask for a race. I've got my list on my phone,
but I also have a positive feedback folder in my emails,
and anytime someone sends me some positive feedback or like
a really nice review, I file it away for later.
It's cute, it's cute, but it's not just cute. It's powerful.
Bet it's putting us in a position where you want
to sit down with me. Boss, here's a suite of
(22:18):
people saying that I am the greatest ever at my job.
Just got a seats exactly. I want you to do
something else. I want you to start thinking like a
man for a second. Let's seriously ask yourself, what would
Jason do?
Speaker 4 (22:30):
What would Jason do?
Speaker 2 (22:31):
What would Jason do? Do you think Jason's sweating it
because he's only hit eighty percent of these KPIs this year? Beck? Nah, No,
he doesn't care. He's Jason. He probably already is in
his boss's office confidently talking about his massive impact. Oh,
the economic situation. Beck's just down, that's why. Yeah, everything
(22:52):
except themselves.
Speaker 4 (22:54):
Absolutely. He's going to be in the hallway doing a
fake air golf swing, Yeah, making big Oh my.
Speaker 2 (23:00):
Gosh, the fake air golf swing while they're on the
phone or something they've got like their phone on loud speaker. Yeah,
and they're doing fake golf swings. Brokering a deal. That's
the energy we're bringing to this.
Speaker 4 (23:11):
That's financial advice.
Speaker 2 (23:12):
It's been a huge and studies actually beg show that
men are far more likely to negotiate their salary without hesitation,
just because they go I deserve it. Meanwhile, we're here
sitting back being like, oh, have I done a good job?
I don't know. I'm got to tick every box. I'm
just gonna think about this for a little while. My
(23:33):
boss might be in a bad mood. I probably shouldn't
shouldn't talk to her today about that. But the reality is,
you do not need to be perfect to be asking
for more. So we're gonna channel Jason energy. We're gonna
be bold, We're gonna be confident. We are going to
stop waiting for permission. It's not about being pushy. We
don't want to be pushy, but it's all about knowing
your worth and then just going for it. Yeah. Oh,
Jason knows he's had a positive contribution. Absolutely, probably eighty
(23:56):
percent of KPIs He's still going to have a good
como with his bosses worth the crack.
Speaker 4 (24:00):
I honestly like just started channeling Jason one nano second ago.
I'm already feeling really.
Speaker 2 (24:04):
Confident, You're already feeling really compok you look so much
like Jason right now.
Speaker 5 (24:09):
Thank you, Slay.
Speaker 2 (24:10):
Let's go to a really quick break on the flip side.
I'm going to actually give you some tips and tricks
on maybe not how to become Jason, but how to
ask for a race. It's not just empowering you to
feel good about it, but like, this is what you
are going to do. We're going to give you the blueprint.
Don't go anywhere.
Speaker 4 (24:28):
Okay, we are back everyone, and I have my pen
and paper ready because I'm going to get myself that raise.
Speaker 2 (24:33):
Victoria. Good job, Jason, thank you so much. Good job.
No worries.
Speaker 4 (24:37):
When should we start?
Speaker 2 (24:38):
All right, So here's the plan. All right. Obviously, walking
into your boss's office and talking about the cost of
living crisis. You're going to talk about inflation or how
you need some more money to buy a house. It's
actually not the strategy. Your personal situation, not their business.
You're just going to wipe that off completely. Those reasons,
I get it. They are valid. We're not trying to
invalidate you in any way, shape or form, but they're
(24:59):
person and unfortunately, your boss is going to be focused
on the business. They don't care about your need to
purchase house. Good idea, but they don't care. So what
you need to approach is the conversation with a very
professional angle.
Speaker 4 (25:13):
Beck, Okay, good point.
Speaker 2 (25:14):
Also, it should be illegal to walk into a salary
negotiation empty handed. You shouldn't just walk in going mm oh,
have a good chat. Not enough. You need to do
your homework. Start by researching the market rate for your role.
Resources like Payscale and Glassdoor are really good for benchmarking.
My favorite platform though, is the Hayes Salary Guide that
(25:35):
comes out every single year. You can download it from
their website. I have been a big advocate of that
tool for a number of years now because it just
gives you such insightful data. So, like Beck, you could
look up video producer, but then it will show you
what on average a video producer in each state and
territory earns, what it means to like scale up, like
(25:57):
if they've got two years experience four six. It's actually
so helpful for benchmarking for you, but also to take
to your employer because it's a legitimate piece of research.
It's not like I saw online that you know, glass
Door said xyz because often glass Door, whilst fantastic, it
doesn't give you that deep insightful data has been like
(26:19):
pulled together for you, and that way you know you're
not just throwing out a random number like, yeah, so
seventy thousand, that feels good. Yeah, I feel like I
feel like, no, no, I feel like you are backing
your question with some solid data. I mean, I do
like the idea that if I walked in be like,
so I'm being paid sixty grand, and actually the average
(26:40):
in this area for all my role is seventy grand,
so I was thinking we.
Speaker 5 (26:44):
Could step it up. I'd like sixty five.
Speaker 2 (26:47):
They're gonna feel real bad saying no, because like you've
just pointed out that you're being underpain.
Speaker 4 (26:52):
We love that, and you're literally saying I'm willing to
be underpaid still, but yeah, it'd bit less.
Speaker 2 (26:57):
And like knowing what is fair is actually going to
give you the common confidence to make a request that's
much harder to ignore. We're not asking you to go
in and be super aggressive, but I think when I
start to empower you with the tools and resources, you
feel so well supported. So instead of me going bet
going to Boston say can I have a raise, You're
going into boss and being like, okay, cool, So I've
done some research and I just love to chat that through.
(27:20):
Like you're going to be empowered because you've got substance
to talk about, and we love that.
Speaker 4 (27:24):
Absolutely, go and be like, I don't like the optics
of this. You are paying me ten k less than
what you should be paying me discour sting. Okay, so
this is making sense. So after you've got those market figures,
what else should I bring with me to really back
it up? How do I make my boss say, yes,
we're going to bring the receipts.
Speaker 2 (27:39):
If anybody is making content online and they're accusing someone
of something, aren't going to need receipts. So you're going
to do the same thing. We are going to bring
those receipts. Remember that win journal that I told you
to keep. Yeah, that email folder where you're putting on
your positive commentary with those wins. We are visiting that folder.
It's time to crack it open. It is time to
gather all of that value that you have been bringing
(27:59):
to the table. Whether it's hitting your targets, or maybe
it's leading a project, or maybe you've smashed your KPIs.
You need to be walking into that conversation with proof
of your contributions back and we're going to bring numbers.
We're going to bring achievements. We're going to bring specific
examples that make your case undeniable. Okay, and beck bonus
(28:20):
tip here while I think about it, don't wait for
a review time to showcase your wins. Send a like
little quick brag email to your boss whenever you hit
a milestone or achieve something significant that week. It's all
about keeping your value front and center throughout the whole year,
so that when it's time to talk raisers, they kind
of already know what you're bringing to the table. I'm
(28:41):
not saying that your boss doesn't know. They might know,
but just like celebrate your wins along the way, like
you don't have to be like by the way, I
want this on file, but like, oh my gosh, how
cool I have smashed my budgets. Thank you boss for
all your support this week. They can't possibly I've absolutely
smashed it out of the water. I'm so proud of
myself and just thought I should share your bread crumby
(29:02):
like we love a bread crumb.
Speaker 4 (29:03):
In this scenario, we love a bread crumb exactly, I'll
possibly say after that, exactly, now that I've got all
my data sordered, I'm ready to go right.
Speaker 2 (29:11):
You're ready to go rush straight through their door. But
not quite. It's not actually about what you've done in
the past. It's about what you can bring to the
table in the future. Because, like, this is going to
sound really harsh, but if you bring me your job
description and say, well, I tick all of the boxes
of what I am doing, I'm very likely to turn
(29:32):
around and say, well, Beck, that's true, and I'm really
grateful for that, but I've actually valued the role at
seventy thousand dollars or whatever it is, and to earn
that seventy thousand dollars, you actually need to be doing
all of those tasks as a bare minimum. Like I'm
not saying you have to go above and beyond, but
I need to be able to see the potential and
what you're going to bring as to why I would
pay you more for a role that in your job
(29:53):
description might be exactly what it is. Does that make sense?
So like, if you're saying, well, actually, and using you
as an example, video production and editing or whatever it is,
you might go, but I'm doing that, so I should
get a raise. You go, yeah, you're doing that because
I'm paying you that seventy thousand dollars to begin with,
to do that. That's what the job is worth. Back,
I actually need to know about what you can bring
(30:16):
in the future. So when you're negotiating a raise, I
don't want you to talk about how good you are.
I do. We're going to bring those past achievements. But
it's not just about talking about what you've done, but
also where you're headed in the future. I want you
to highlight some goals or if you have been going
above and beyond your job description in your role, You're
going to bring that information to the table and be like, actually,
I've been doing a lot more outside of the scope
(30:39):
of my current role. Employers want to know that investing
in you right now is going to mean greater returns
for the company. Laiter down the track, show them that
giving you a raise isn't just about rewarding the good
work that you've done historically, but Beck, it's kind of
about the future potential and what you're bringing to the team.
Speaker 4 (30:57):
Yeah, okay, so it's like you're showing them that you're
an investment for the future.
Speaker 2 (31:02):
Yeah. Like you want your boss to want to keep
you above and beyond anybody else because, let's hypothetically say,
I want to a Braze and I say, nope, the
role's only worth you know that, seventy thousand dollars. So sorry, there,
can you go off and get a new job, maybe
as a manager. In my head, I'm like, well, actually
that's probably a good thing because I couldn't have given
her more money, and I'm just going to hire someone
(31:22):
else to fill that for the same amount of money.
I don't want to invest more. We've got to give
them a good reason to do so.
Speaker 4 (31:28):
So this is the thing that's a little bit harder
to do and something I always have a problem with. Yeah,
I always tell myself, I'm going to go in there.
I'm going to use minimal words like sorry, in words
like you know maybe I feel like you know, things
like that. So how do we actually like go in there?
We're trying to not be like social priors.
Speaker 5 (31:44):
Yeah, you are the worst at that eye. Why are
you apologizing?
Speaker 4 (31:47):
I know, I don't know what did you do?
Speaker 2 (31:49):
Like, why are you saying sorry to me? And I
feel like we often feel the need to apologize. And
if you're in that situation, think of Jason. Would Jason
apologize for being a burden?
Speaker 4 (32:00):
Probably not.
Speaker 2 (32:00):
Jason's never apologized for being a burden. In fact, it's
never even crossed his mind that he might be a
burden on somebody else. Absolutely not like Jason. He goes
home and he tells his girlfriend stop telling me what
to do. You're not my mom. You're such a nagger,
or you nag me all the time. You're not my mom.
And then you know what he does, He goes, Babe,
where are my socks? Yeah, babe, what's for dinner? Be Jason?
Speaker 4 (32:23):
Only at work please if possible.
Speaker 2 (32:24):
Babe, have you seen my shirts? Have you ironed them yet?
Speaker 1 (32:27):
Sorry?
Speaker 2 (32:28):
I thought I wasn't your mother.
Speaker 4 (32:29):
I'm your mother one second, I'm not your mother the
other side.
Speaker 2 (32:31):
Oh, what do you want Jason? Anyway, Jason doesn't know
he's a burden, and neither do you. Let's just be
a little bit naive. Apologies actually make it seem like
you're doing something wrong. So when you're apologizing, I obviously
love calling stuff like that out because I'm like, beck,
stop apologizing. You own nobody an apology, but stop doing
it because it actually makes people think that you're in
(32:51):
the wrong when really you're just advocating for yourself. Like
we need to shift apologies to thank you and it's
kind of like this mindset shift again, another psychological thing,
going from saying I'm so sorry, I'm late, thank you
so much for waiting for me. Really small shift in language,
(33:12):
really powerful outcome that person. Instead of me saying so sorry, Beck,
when you go, oh, no, don't be sorry, thank you
so much, I go, oh, no, worries. Yeah, it's like
the outcome that I'm trying to drive thank you so
much for taking the time to meet with me. Not
I'm sorry, I'm wasting your time here. No, no, no, no,
thank you. You want to get them in an agreeable
(33:33):
mood anyway, Yeah, And the best way to do that
this is from a psychological perspective, having them think that
they've already done you a favor. Yeah, you've done me
a favor. Asking for a raise is not just about
your career growth and it's not something that I'm sorry about.
I want you to hold your head high, I want
you to state your case and like, let's just not
apologize and let's practice it throughout the week. We're not
(33:54):
just practicing it while we are asking for a pay rise.
We're thinking about it. We're at the coffee shop. You
run into somebody or you do something and you're like, sorry,
I haven't called Oh, thanks for being patient. I've been
so busy. It feels kinder.
Speaker 5 (34:08):
To yourself, makes you feel to the other person like
I'll apologize if I've done something wrong, but like me,
having a busy life is not something that I'm apologetic for.
Speaker 2 (34:19):
Yeah, if I haven't called you, because you know, we
make sorry, Beck, I haven't called you. Oh you're like, oh,
no worries, Like that's okay. But if we reframe it,
I go, thanks for being so patient, I've been so
busy at work.
Speaker 4 (34:31):
Well, I really am a patient person.
Speaker 2 (34:33):
I am a really nice person. And also, there's this theory,
and we won't get too much into it now, but
there's this theory that if you can get someone to
give you two yeses, it's very likely that the third
answer will be a yes. So if you can get
them in an agreeable mood, it's psychologically proven that they
are more likely to be saying yeah, okay. Like, why
(34:54):
would I stop agreeing with Beck now I've been agreeing
with her this whole time.
Speaker 4 (34:58):
Sorry to be a realist, but oh my god, just
say sorry. And I shouldn't have.
Speaker 2 (35:01):
But exactly what thanks, but I'm a realist. V.
Speaker 4 (35:04):
Thanks, but I'm a realist. Fee And what if they say.
Speaker 2 (35:06):
No exactly, And I mean that can still happen, and
it's happened to you before it has and maybe there
is no wiggle room in that budget, as your boss
said to you one time, And that's actually okay. It
doesn't mean that the door is closed forever. And this
is where you go. Oh, I like to call it
like a lifestyle raise. If a bump isn't possible, maybe
beck you could ask for like other perks in your
day to day life, flexible working hours, maybe a little
(35:29):
bit of annual leave, professional development opportunities, or even like
a work from home time allowance, like if you're not
able to do that at the moment.
Speaker 4 (35:38):
Yeah, that's a good call.
Speaker 2 (35:39):
You have just agreed that I am a fantastic employee,
and you have told me that you don't have any
wiggle room for salary. Oh that's okay. I've been thinking.
Given you just agreed that I'm so good at my job,
could I work from home on Fridays?
Speaker 4 (35:55):
And then it actually would, in a roundabout way, save
you some money because you're not paying for petrol or Mikey.
Speaker 2 (35:58):
It would be so nice. Maybe you could say, can
I leave early on a Friday?
Speaker 4 (36:02):
Yeah?
Speaker 2 (36:02):
Like, there are so many things that you could negotiate here,
and these things can add major value to your lifestyle,
giving you a heap more freedom and some balance, and
even if it's not straight cash back. And I wouldn't
be afraid to negotiate for better work life balance when
salary isn't an option.
Speaker 4 (36:18):
Yeah, it's a really really good point.
Speaker 2 (36:19):
Yeah, and I think that we're leaving the door open,
no worries. We'll revisit this conversation at some point, and
we're not saying no, sorry, like I'm won't ask you again.
Thanks so much for your time. Maybe we can pick
this conversation up another time when budgets get settled again.
Speaker 4 (36:32):
That's so cool. Yeah, okay, So these are the notes
I've taken so far and the summary of our action plan.
Speaker 2 (36:37):
Oh, you've made an action plan. I love this. So
what is first?
Speaker 4 (36:40):
Do your research yep? Then gather your receipts. Yeah, we're
going to get receipts, plan your future, pitch yes, and
be ready with lifestyle raise alternatives.
Speaker 2 (36:50):
Yeah. And imagine if you had this information when you negotiated.
That sounds who said she had no wiggle room like
you in that moment, Like, let's reflect back. She was
pretty agreeable, wasn't she. She was. She was like, yeah, sorry, Becka,
have no wiggle room.
Speaker 4 (37:03):
If you'd said, all right, well let's talk about work
from home options. Let's a wiggle, let's wiggle in another room, yep,
and she will go okay, all right, Becka Like where
this is going?
Speaker 2 (37:14):
And I think that that's what we want to feel
powerful about. No, I don't want you to wait, like
the end of the year is approaching and now is
the time to have these conversations. Doesn't mean they need
to give you a raise immediately. That you could plant
the seed and be like, hey, cool, I was hoping
January twenty twenty five, I'd be in for a race,
like you have worked hard all year, and now is
(37:34):
the time to make sure that you are compensated fairly.
Whether it's like a raising cash which we love, or
it's a boost in your lifestyle balance, my friend, you
deserve it. And there are lots of people in this
situation where they might be like the top of their
band for their job and they're like, well, I you know,
maybe work in government and I can't earn more. You
can negotiate flexibility. Everything is up for negotiation, back everything.
Speaker 4 (37:58):
I think it's a really sod place to leave it. Also,
just remember, go forth, be Jason, be confident.
Speaker 2 (38:04):
What would Jason do?
Speaker 4 (38:05):
What would Jason do?
Speaker 2 (38:06):
Would Jason do? And we obviously want to hear your
success stories, so let us know how it goes. You
have absolutely got this. If you need a little bit
more validation, jump on over to our Facebook group, because
I am in there every single day checking up on
you guys, making sure that you've got the right answers,
making sure that you're not saying sorry, making sure that
you're saying thank you so much for being patient instead
(38:28):
of oh sorry I was late. Absolutely not gosh, she's good.
We all deserve to get paid what we are worth,
and that's why you're in this community.
Speaker 4 (38:35):
Is absolutely I'm going to go book my meeting right
now with my boss.
Speaker 2 (38:38):
All right? True? Is that me far? All right? Let's go.
Speaker 6 (38:47):
The advice shared on She's on the Money is general
in nature and does not.
Speaker 2 (38:51):
Consider your individual circumstances. She's on the Money exists purely
for educational purposes and should not be relied upon to
make an investment or financial day decision. If you do
choose to buy a financial product.
Speaker 6 (39:03):
Read the PDS TMD and obtain appropriate financial advice.
Speaker 2 (39:06):
Tailored towards your needs.
Speaker 6 (39:08):
Victoria Divine and She's on the Money are authorized representatives
of Money sherper p t y lt D A b
N three two one six four nine two seven seven
zero eight AFS L four five one two eight nine
Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor
the Order KERNI Whoalbury and a waddery woman. And before
we get started on She's on the Money podcast, I
would like to acknowledge the traditional custodians of the land
of which this podcast is recorded on a wondery country,
acknowledging the elders, the ancestors and the next generation coming
(00:22):
through as this podcast is about connecting, empowering, knowledge sharing
and the storytelling of you to make a difference for
today and lasting impact for tomorrow.
Speaker 2 (00:33):
Let's get into it.
Speaker 3 (00:34):
She's on the Money, She's on the Money.
Speaker 4 (00:57):
Hello, and welcome to She's on the Money the podcast
at hell to grow rich out in every way, especially
in your wallet. I'm excited. And last episode you might
remember that we stretch those dollars further until they screamed.
It's not the first time had that effect. But today
we're shifting here. Okay, it's all about making more money.
Speaker 3 (01:14):
Honey.
Speaker 2 (01:15):
Oh I love this. I am totally here for our
community making more money. I'm really pumped to this chat.
I feel like you're bringing the right energy. Yeah, yeah, yeah,
you're bringing your big dog energy today and usually in
tough financial times, our instinct is to focus on saving,
like tightening the belt, like we're just trying to like
scrimp and save. We're looking for like budget recipes, like
(01:37):
we're doing things at home instead of going out. But
I want to shift that narrative. I want to change that.
I want to do something different. Today we're going to
be focusing on how to bring more money in, Beck,
not just how to save it.
Speaker 4 (01:51):
Yeah, okay, I'm liking this. And honestly, who doesn't like
more money? Who do?
Speaker 2 (01:55):
Really? Nobody? We all like more money back, and now
more than ever, we all need more money. So today Beck,
we're talking about getting yourself a pay rise. Yes, money win.
But also it's a little bit of a fickle conversation.
According to the ABS, Beck, wages they've been growing, but
they haven't been keeping pace with the rate of inflation.
(02:18):
Class it's so annoying. So that essentially means that as
the cost of goods and services increases, our wages aren't
keeping up, and that is putting us in a little
bit of a pickle because ultimately that means that this year, Beck,
you're able to buy less with your salary than you
were able to buy last year. That's not fair.
Speaker 4 (02:37):
I know it's like a paid deduction, exactly.
Speaker 2 (02:39):
But nobody's calling it that, are they. They're just going, Oh,
it's just the rising cost you live. Exactly. I'm so
sick of hearing cozy lives. We now need to talk
more about how to make more money, like we are
hustlers and we deserve it, right, Beck, I completely agree, exactly.
Speaker 3 (02:56):
So.
Speaker 2 (02:56):
Research by the recruitment company Hayes. You've probably heard me
talk about them a million times before. They found that
fifty four percent of Aussie's believe that they're underpaid doing
the work that they do, but less than half of
them feel comfortable asking for a pay rise. It is awkward.
It's awkward, but we're going to make it better. We're
going to make you feel so empowered to ask for
(03:18):
a pay rise. I think it's wild. You're doing that work,
you should be remunerated for it. Like you're not going
to work for free, Beck, Exactly, you don't. I mean,
I love my job. I am stupid enough that I
would do my job for free. But that is a privilege. Yes,
if you're going to work, you need to be remunerated
(03:39):
for the time, that energy, the effort, the fact that, Beck,
you would much prefer to be outside hanging out in
the grass. Yeah, but that don't make money, does it. Unfortunately,
So for the time that we are making money, we've
got to make it work hard. Yes, it's got to
be worth it. So what do we have to do
if we're not being paid what we are worth?
Speaker 4 (03:58):
We ask very kindly for a pay rise.
Speaker 2 (04:01):
That's true, but we're going to get our ducks in
a row, so it's basically impossible to say no. Cool,
I love this for us, right, So, Beck, I want
to know you ever asked for a pay rise? I did?
Speaker 4 (04:12):
Ones was a few years ago.
Speaker 2 (04:13):
How did it go?
Speaker 4 (04:14):
I think I was on fifty K and this same
role was worth like upward of seventy and I did
ask kindly. Was with a boss who I really love,
and she said, Beck, let's pretend we're of the pub.
Let's just speak candidly. Ask me what you want to
ask me. And then I said, I need more money. Unfortunately,
it was a big no, and there was no two
ways about it. I probably could have gone in with
more information and more confidence and more everything.
Speaker 2 (04:37):
Why do you think it was a big no, because
that's a really big let down, right, Like, even though
your boss is like beck, let's speak candidly, which makes
you feel a bit at ease. Yeah, she chucked me. Well,
I don't know if she tricked you. Maybe she was
trying as hard as possible. I would say that leans
into my management style, right, Like I would love for
you to feel super comfortable coming to me about anything,
(04:59):
like and if you were like, oh, I need more money,
I'd be like.
Speaker 5 (05:01):
Great, let's have a chat about that. Yeah, but that.
Speaker 2 (05:03):
Can be a way to kind of disarm you so
that you're not as researched, like yeah, and even if
your boss is super casual, super chill and open for
a conversation, I think that we should still be going
to those meetings fully prepared. When you went to that
meeting you said before, you weren't super prepared, Like did
you walk away going damn? I could have held my
own a bit more or like, how'd you feel a
(05:25):
little bit of both?
Speaker 4 (05:26):
Because I know that there were several layers of management
above my boss at the time, So I feel like,
in her words, she didn't have much wiggle room. It
wasn't after her but she could have I do think,
gone away and fought my battles for me, But she
as an individual didn't have that much. So I think
the part of me was like, damn, I should have
been more prepared. The other part of me was like,
I don't know what she could have done.
Speaker 2 (05:47):
You know, Yeah, And I totally get that. But if
you went as prepared as possible, she would have been
able to take that information and share it up the right.
That's true, and it doesn't necessarily mean that you would
be in the better position. But I think the big
thing here for me is you did it? Was it scary?
Speaker 4 (06:06):
Oh yeah? I was sick with nerves, even though I
speak to this person all the time, but it's really exhausting.
Speaker 2 (06:11):
I feel scary. It's so awkward, exactly, And I feel
like for most people there's this psychological barrier when it
comes to asking for a pay rise, Like it feels uncomfortable,
it feels awkward, and especially for millennial women, we just
shy away from it so much, like we have this
deep seated fear of rejection. We have this idea in
(06:32):
our head We're gonna go to our boss, and our
boss is going to go oh Beck, you think you're
doing a good job, you think you're worth more money.
Oh no, Like, I don't want that conversation. That makes
me feel uncomfortable. And I am the worst, right, Like
I extrapolate things out in my head. I've said this
to you before, Beck, what's the worst thing that never happened?
Like you make things up in your head and you're like, oh, well,
(06:55):
my boss would say this, and then I get fired. Yeah,
Like how good are we at make up these situations
literally in our head, which are a psychological barrier to
you getting what you deserve, Like you deserve a pay rise.
But we need to doddle our eyes and cross all
our teas to get there, to make sure that when
we walk into that meeting, we go, hey, boss, I
(07:16):
know that you said be really candid, but I've just
prepared a few things and I want to make sure
that we are on exactly the same page. And I
think that this happens because, especially as women, we are
so scared of feeling greedy or looking greedy, or looking incompetent,
or looking like we're being demanding. I live on TikTok
(07:37):
chronically online, Beck, and there's just a lot of content
at the moment about reframing childhood behavior, like if your
kid's bossy, let's not call them bossy, let's call it leadership.
Like that was me, Like I had the nickname Bossy
Boots when I was little. But that doesn't mean I'm
not scared to ask for what I'm worth, And like
that even filters into my everyday life, like I know
(07:58):
that I'm not in a position now where I have
to go to a boss and ask for a pay rise,
but like I have to negotiate things all the time,
and I still feel sick about it, Like I still
get uncomfortable, like I do speaking events, but like going
to someone and being like, hey, so you've inquired about
my speaking rates, and I would love to speak at
your event, but here's how much it costs. I feel
(08:19):
so uncomfortable, Beck, I hate that conversation. So this is
maybe a little bit of a pep talk for me
and you and our community so that we can get
what we are worth, because should we be paid what
we deserve, absolutely exactly. So for women, this situation is
obviously very tricky, and research shows that women are less
(08:39):
likely beck to negotiate their salary than men.
Speaker 4 (08:42):
That checks out.
Speaker 2 (08:43):
I hate that. That's the statistic. In fact, according to
a Payscale report, sixty percent of women said that they've
never negotiated their salary. What's the worst thing that could happen? Beck, Like,
you went into this literal situation. What was the worst
thing that could happen?
Speaker 4 (09:00):
Well, probably nothing literally would happen. You already go in
there feeling.
Speaker 2 (09:05):
Like like, let's use your example. You went to your boss,
you asked for a pay rise. You had a great
candid conversation. She heard you. Yeah, she said, sorry, Beck,
don't have a lot of wiggle room. I mean we
can reflect on it and say there's things that we
might change or do better next time. That's okay, But
she said, sorry, Beck, I don't have any wiggle room.
It's a no. You know what happened in that situation.
(09:26):
You walked away with a confidence to ask for what
you were worth, which is sligh from my perspective. On
the flip side, your boss realized that you are the
type of person who's going to ask for what you deserve.
Speaker 4 (09:38):
Yes and all. See, she's realizing that we're desperately underpaying it.
Speaker 2 (09:43):
Yeah, she knows. So it's planting a seed that you
are probably going to come back at some point when
you have some more research, because you've already said I'm underpaid.
So even if they say no the first time, it
might be genuinely because of the example that you had,
they have to say no. They're like, actually, don't have
any more budget. I would love to pay you more, Beck,
but like I just don't have that ability. Yeah, and
(10:05):
you go, Okay, no worries. When's budget allocation season?
Speaker 4 (10:09):
Goodbye?
Speaker 2 (10:09):
But when does that change? Yeah? Yeah, yeah, is there
anything I can do to help you have that conversation
with your manager.
Speaker 4 (10:15):
And if you realize that there's absolutely no chance of
ever getting to pay rise?
Speaker 2 (10:19):
Yeah, And I just think that so many times we're
so anxious to go into these situations and negotiate for
ourselves because we're so scared that the answer is going
to be no, when in reality, even if the answer
is no, we have learned something. We have learned something
about backing ourselves. We are walking the walk that we
always talk about. We are going in and saying we
(10:41):
deserve better and this is how I would like to
see it happen. And that's okay if it doesn't happen
that way. But you've learned, You've given yourself a little
bit of confidence. The next time it comes do you
ask in for a salary increase? Again? Beck, much easier
because you've done it before. Yeah, Like you've kind of
been in the sea. You've had a few of those
things happen. And I think a lot of this actually
(11:02):
comes down to societal norms. If you've not done it before,
you don't feel comfy rocking the boat per se. You're
a little bit uncomfortable about that reality. But like, I
don't want to be on smooth sailing waters when it
comes to my pay. I want you rock the boat
and end up in a better position. Consistently, and I
think that there's this consistent idea Beck, especially for women,
(11:24):
that you, my friend, need to be grateful for what
you want.
Speaker 4 (11:27):
That's so true.
Speaker 5 (11:28):
You should be grateful for what you already have.
Speaker 2 (11:30):
Beck, you have a good job.
Speaker 4 (11:32):
Yes, it is weird because you go through the interviews
and you're like begging for this job basically, but in
like the most professional way, you.
Speaker 2 (11:37):
Should be grateful so what you already have. Do you
know what that gets in the way of us advocating
for what we deserve. Yeah, that's so true. I'm grateful
for what I have. I'm also grateful for the skills
and the experience that I've learned in this job, which
have enabled me to be more efficient. I also know
how to do a better job.
Speaker 4 (11:54):
Which is good.
Speaker 2 (11:55):
But like, you deserve more because you are more. Like
when I got this job, I was at a certain
level and I was paid at that level. But I
deserve more now because I am more. Make it make sense,
Make it makes sense. It does make sense.
Speaker 4 (12:13):
You know, It's like, based on experience, you'll be paid
you know whatever, hundred, It's like, okay, But when you
get more experienced, that payoise doesn't just come exactly.
Speaker 2 (12:22):
And I feel like that then plays into this narrative
that you got told no, and then if you were
super motivated about moneyback, you might have started looking for
a new job. Yes, because you're like, well, I was
on fifty grand. That wasn't cutting a mustard. I wanted
to earn sixty. So because I'm not getting it in
the house that I'm currently in, I'm going to start
(12:43):
looking elsewhere. And then our generation of millennials, we have
been labeled as a job hopping generation.
Speaker 4 (12:49):
I'm quite proud of us for that.
Speaker 2 (12:51):
I'm proud of us because we're consistently jumping up and
up and up, and you consistently see that we are
earning more because of that. But we often labeled this
job hopping generation as though that's a bad thing, when
the reality is that many millennials that do stay in
their role are underpaid. Yes, so you're crucifying us because
you know we've got no commitment, but you guys aren't
(13:13):
remunerating us for what we are worth exactly. And I've
always lived by if you don't like it, leave, Yeah,
Like in every situation. If I don't like it, I'm leaving.
That's fine. Don't like the food at a restaurant, Beck,
We're going to find a new restaurant. Absolutely. Are you
going to keep eating the food that you don't like?
Absolutely not. There was actually a LinkedIn survey that happened
it's me recently that found that thirty eight percent of
(13:37):
millennials Beck avoid asking for a raise because they feel
like they haven't been in their job long enough Yeah, okay,
or they feel like they are being disloyal. Plus, many
of us who are entering the workforce during like economic downturn.
We hear it, we see it's all over the news.
There's this ingrained belief in us that we should just
(13:57):
be happy to have a job. Back to that, I
guess now arrative of you should be grateful for what
you already have. Beck why always asking for more? Oh,
you're so entitled. All you do is ask for more?
Speaker 4 (14:08):
I know, especially if you kind of like your job
and you're like, thank you so much for giving me
the opportunity.
Speaker 2 (14:12):
They've give me the change and hinged and I think
that if you want to ask for a pay rise, let's,
you know, go through a list of should we be asking?
What does that look like? I'm going to gather my research.
But because of all this societal pressure and this idea
that we should be grateful for what we have at home,
the fear of judgment, the.
Speaker 5 (14:32):
Self doubt, it actually puts.
Speaker 2 (14:34):
Us behind, and women in particular, and especially like a
younger generation of women are missing out on the money
that they deserve, and that money could be creating wealth
to put you and future you in the best possible position.
Speaker 4 (14:52):
Yep. So what I'm gathering here from what we've spoken
about is we probably need to do some work on
ourselves before we actually get to asking for a pay rise.
And honestly, I wish I knew a person who was
good with both psychology and finance to help me out.
Speaker 2 (15:07):
Do you know what I'd find? No, I actually have
no idea.
Speaker 6 (15:10):
I don't know.
Speaker 2 (15:10):
It's me. I'm the problem. Yes, me, I feel like
I can help you here. I actually have a couple
of degrees in psychology before I decided to dive into
the world of finance, and I think my favorite thing
about She's on the Money is how we marry psychology
and money in a way that makes it approachable and
personal but also powerful. It's like my favorite thing ever,
(15:34):
Like my job is to educate you to empower yourself.
Speaker 4 (15:39):
And God, she's good at it.
Speaker 2 (15:40):
I try. That's very complimentary. But when I started that
She's on the Money community, my favorite thing about this
community is how open people actually are to talking about
money and their money stories and putting themselves in the
best possible position. And what we've been doing is working
to break down this taboo. Talking about money and talking
(16:00):
about finance is not okay. And I think that by
doing that, you're giving people permission not only to ask
for more money, but to be okay with where they're
at and go, oh, actually, this makes a lot of sense.
It gives you the permission to put some blinkers on
and not compare yourself to others. And I think one
of my biggest goals when I started Shees on the
Money was to make conversations about money normal, to put
(16:24):
you in a position where you feel powerful. Like you
and I Beck, we have conversations every single week about
money without it being personal. Nobody on this show knows
how much money Beck earns. But we know your money values,
we know parts of your money story, we know your
thoughts and feelings, and like, we know what you do
if you came into ten grand, Like I think that's
really cool. So money can be as personal as you
(16:46):
want it to be, but it can also be like
a little bit private, Like you don't have to tell
me how much you earn to have a positive, powerful
conversation about money. And I think that that's the coolest
thing about our community. But starting is so intimidating. So
to begin conversations about money, to get to a point
where you are genuinely empowered, to walk into your boss's
(17:07):
office and be like, hey, just so you know I'm
actually worth a little bit more, You're probably not going
to say it in the same tone of voice. You're
probably going to be a little bit more professional than me.
We want to start small. We want to chat with
our friends, we want to talk to our family, literally, whoever.
If you've got nobody in your inner circle, we're here.
We have an entire Facebook group, We have chats all
(17:28):
the time. People break off, they go out for coffee
with each other. It's the most wholesome thing in the
entire world. Back, the more you talk about money, the
more comfortable you are going to become when it comes
to advocating for yourself around cash. So next thing I
want to talk about is instead of framing it as
(17:49):
I am asking for more money, which I don't think
it is, but some people can feel this a little
bit crass. We're going to use some of my psychology
degree and we're gonna shift our mindset fotiating my value. Yeah,
I am worth.
Speaker 4 (18:03):
More, beck, It's a really good way to put it.
Speaker 2 (18:05):
We're going to negotiate our value. So salaries, they're not
actually an expense to the employer, They're an investment. They're
an investment into their business. They are an investment into
the value that you as an individual bring to that business.
Do you help that business make more money? And I
don't want to hear it when people say, oh, but
I'm like not a sales role. I was having this
(18:25):
conversation with literally one of my admin or my team,
and I wanted them to ask me for a pay
rise because they deserved it. But I wanted them to
bring it up because if anything, I want to walk
the walk in my team. And I was like, so,
talk to me about pay like, how do you feel
about it? Like they've been with me for just on
a year, so it was like pay rise time in
(18:46):
my head. Yeah, But I was like, surely they want more.
And I kind of wanted to push her down the
garden path to asking me because even though I think
that our team would be pretty comfortable asking, like I
want to empower them with the knowledge and the tools
so that if one day they don't work for me,
they can advocate for themselves, not just me going yep, cool,
(19:07):
like I am a money person and this is what
we're doing. Like I want them to be like, oh,
I'm powerful. I want you to be so good at
it that like if someone sees she's on the money
on your resume and they're like, m, this one's going
to be good. Yeah, Like that's what I want, right.
So instead of framing it as like I'm going to
ask more money, I'm going to know my value. I'm
going to negotiate my worth. That is what we're bringing
(19:28):
to the table today, because a salary is not an expense.
It's literally an investment. And it's a subtle but very
powerful psychological change that you can make into even valuing
yourself more, which is very important. And research into behavioral
economics actually tells us that when we shift our mindset
(19:49):
and we shift the way that we view things, it
impacts our confidence and it impacts our ability to make
a good decision. So changing your mindset isn't just some
fluffy thing that you do. It's actually something that can
change your life, change your financial situation. It is so
cool from effective exactly, it is life changing. We want
to shift our mindsets. And when you think of it
(20:11):
as advocating for the value that you bring to the
situation as opposed to like, oh it's a cost to
the business, it's going to make you feel more empowered
it's going to put you in a better situation, And
it's not about begging for some extra cash because, like
on the bills, they're adding up. Like, I don't recommend
anyone goes into a situation and says, hey, I'd like
to talk to you about getting a salary increase, because
(20:31):
like groceries are so expensive, we are advocating for ourselves,
not for the bills that we have to pay. So
for me, it's making sure that your compensation aligns with
the contribution and the impact that you have on that business.
Speaker 4 (20:44):
It's a mouthful.
Speaker 2 (20:45):
It was a bit of a mouthful. What about though, like.
Speaker 4 (20:47):
When imposter syndrome kicks in, because it.
Speaker 2 (20:49):
Will so One of beck I find the most effective
strategies is to remind yourself of your past wins. So
if I was talking to you, I'd be like, remember
that time that you went and negotiated with your boss,
like you won. I know you didn't get the cash
that you wanted, but positive conversation, good outcome. You are
more confident because of it. We always remember our mistakes back,
but we are often so quick to forget our achievements
(21:12):
or even frame them properly. And those moments are proof
of your value. So start keeping like a little wind journal.
I have it in my note section on my phone
where you can just track everything that you've accomplished, whether
it's big or small. Like recently I wrote down a goal.
I have reset my wake up time in the morning.
I get up at six, which is amazing. But historically
I didn't do that. But that's a win. Yeah, Like
(21:35):
I shifted that and that was really hard for me.
And whether it's you nailing a project, or some positive
feedback or a goal that you've smashed, write it down.
Because we don't actually celerate ourselves enough. That habit is
actually going to give you tangible evidence of your capabilities.
And when that self doubt starts to creep in, you've
actually got a reminder that you've already proven yourself. Plus,
(21:56):
this intel's going to be invaluable when you're going to
ask for a race. I've got my list on my phone,
but I also have a positive feedback folder in my emails,
and anytime someone sends me some positive feedback or like
a really nice review, I file it away for later.
It's cute, it's cute, but it's not just cute. It's powerful.
Bet it's putting us in a position where you want
to sit down with me. Boss, here's a suite of
(22:18):
people saying that I am the greatest ever at my job.
Just got a seats exactly. I want you to do
something else. I want you to start thinking like a
man for a second. Let's seriously ask yourself, what would
Jason do?
Speaker 4 (22:30):
What would Jason do?
Speaker 2 (22:31):
What would Jason do? Do you think Jason's sweating it
because he's only hit eighty percent of these KPIs this year? Beck? Nah, No,
he doesn't care. He's Jason. He probably already is in
his boss's office confidently talking about his massive impact. Oh,
the economic situation. Beck's just down, that's why. Yeah, everything
(22:52):
except themselves.
Speaker 4 (22:54):
Absolutely. He's going to be in the hallway doing a
fake air golf swing, Yeah, making big Oh my.
Speaker 2 (23:00):
Gosh, the fake air golf swing while they're on the
phone or something they've got like their phone on loud speaker. Yeah,
and they're doing fake golf swings. Brokering a deal. That's
the energy we're bringing to this.
Speaker 4 (23:11):
That's financial advice.
Speaker 2 (23:12):
It's been a huge and studies actually beg show that
men are far more likely to negotiate their salary without hesitation,
just because they go I deserve it. Meanwhile, we're here
sitting back being like, oh, have I done a good job?
I don't know. I'm got to tick every box. I'm
just gonna think about this for a little while. My
(23:33):
boss might be in a bad mood. I probably shouldn't
shouldn't talk to her today about that. But the reality is,
you do not need to be perfect to be asking
for more. So we're gonna channel Jason energy. We're gonna
be bold, We're gonna be confident. We are going to
stop waiting for permission. It's not about being pushy. We
don't want to be pushy, but it's all about knowing
your worth and then just going for it. Yeah. Oh,
Jason knows he's had a positive contribution. Absolutely, probably eighty
(23:56):
percent of KPIs He's still going to have a good
como with his bosses worth the crack.
Speaker 4 (24:00):
I honestly like just started channeling Jason one nano second ago.
I'm already feeling really.
Speaker 2 (24:04):
Confident, You're already feeling really compok you look so much
like Jason right now.
Speaker 5 (24:09):
Thank you, Slay.
Speaker 2 (24:10):
Let's go to a really quick break on the flip side.
I'm going to actually give you some tips and tricks
on maybe not how to become Jason, but how to
ask for a race. It's not just empowering you to
feel good about it, but like, this is what you
are going to do. We're going to give you the blueprint.
Don't go anywhere.
Speaker 4 (24:28):
Okay, we are back everyone, and I have my pen
and paper ready because I'm going to get myself that raise.
Speaker 2 (24:33):
Victoria. Good job, Jason, thank you so much. Good job.
No worries.
Speaker 4 (24:37):
When should we start?
Speaker 2 (24:38):
All right, So here's the plan. All right. Obviously, walking
into your boss's office and talking about the cost of
living crisis. You're going to talk about inflation or how
you need some more money to buy a house. It's
actually not the strategy. Your personal situation, not their business.
You're just going to wipe that off completely. Those reasons,
I get it. They are valid. We're not trying to
invalidate you in any way, shape or form, but they're
(24:59):
person and unfortunately, your boss is going to be focused
on the business. They don't care about your need to
purchase house. Good idea, but they don't care. So what
you need to approach is the conversation with a very
professional angle.
Speaker 4 (25:13):
Beck, Okay, good point.
Speaker 2 (25:14):
Also, it should be illegal to walk into a salary
negotiation empty handed. You shouldn't just walk in going mm oh,
have a good chat. Not enough. You need to do
your homework. Start by researching the market rate for your role.
Resources like Payscale and Glassdoor are really good for benchmarking.
My favorite platform though, is the Hayes Salary Guide that
(25:35):
comes out every single year. You can download it from
their website. I have been a big advocate of that
tool for a number of years now because it just
gives you such insightful data. So, like Beck, you could
look up video producer, but then it will show you
what on average a video producer in each state and
territory earns, what it means to like scale up, like
(25:57):
if they've got two years experience four six. It's actually
so helpful for benchmarking for you, but also to take
to your employer because it's a legitimate piece of research.
It's not like I saw online that you know, glass
Door said xyz because often glass Door, whilst fantastic, it
doesn't give you that deep insightful data has been like
(26:19):
pulled together for you, and that way you know you're
not just throwing out a random number like, yeah, so
seventy thousand, that feels good. Yeah, I feel like I
feel like, no, no, I feel like you are backing
your question with some solid data. I mean, I do
like the idea that if I walked in be like,
so I'm being paid sixty grand, and actually the average
(26:40):
in this area for all my role is seventy grand,
so I was thinking we.
Speaker 5 (26:44):
Could step it up. I'd like sixty five.
Speaker 2 (26:47):
They're gonna feel real bad saying no, because like you've
just pointed out that you're being underpain.
Speaker 4 (26:52):
We love that, and you're literally saying I'm willing to
be underpaid still, but yeah, it'd bit less.
Speaker 2 (26:57):
And like knowing what is fair is actually going to
give you the common confidence to make a request that's
much harder to ignore. We're not asking you to go
in and be super aggressive, but I think when I
start to empower you with the tools and resources, you
feel so well supported. So instead of me going bet
going to Boston say can I have a raise, You're
going into boss and being like, okay, cool, So I've
done some research and I just love to chat that through.
(27:20):
Like you're going to be empowered because you've got substance
to talk about, and we love that.
Speaker 4 (27:24):
Absolutely, go and be like, I don't like the optics
of this. You are paying me ten k less than
what you should be paying me discour sting. Okay, so
this is making sense. So after you've got those market figures,
what else should I bring with me to really back
it up? How do I make my boss say, yes,
we're going to bring the receipts.
Speaker 2 (27:39):
If anybody is making content online and they're accusing someone
of something, aren't going to need receipts. So you're going
to do the same thing. We are going to bring
those receipts. Remember that win journal that I told you
to keep. Yeah, that email folder where you're putting on
your positive commentary with those wins. We are visiting that folder.
It's time to crack it open. It is time to
gather all of that value that you have been bringing
(27:59):
to the table. Whether it's hitting your targets, or maybe
it's leading a project, or maybe you've smashed your KPIs.
You need to be walking into that conversation with proof
of your contributions back and we're going to bring numbers.
We're going to bring achievements. We're going to bring specific
examples that make your case undeniable. Okay, and beck bonus
(28:20):
tip here while I think about it, don't wait for
a review time to showcase your wins. Send a like
little quick brag email to your boss whenever you hit
a milestone or achieve something significant that week. It's all
about keeping your value front and center throughout the whole year,
so that when it's time to talk raisers, they kind
of already know what you're bringing to the table. I'm
(28:41):
not saying that your boss doesn't know. They might know,
but just like celebrate your wins along the way, like
you don't have to be like by the way, I
want this on file, but like, oh my gosh, how
cool I have smashed my budgets. Thank you boss for
all your support this week. They can't possibly I've absolutely
smashed it out of the water. I'm so proud of
myself and just thought I should share your bread crumby
(29:02):
like we love a bread crumb.
Speaker 4 (29:03):
In this scenario, we love a bread crumb exactly, I'll
possibly say after that, exactly, now that I've got all
my data sordered, I'm ready to go right.
Speaker 2 (29:11):
You're ready to go rush straight through their door. But
not quite. It's not actually about what you've done in
the past. It's about what you can bring to the
table in the future. Because, like, this is going to
sound really harsh, but if you bring me your job
description and say, well, I tick all of the boxes
of what I am doing, I'm very likely to turn
(29:32):
around and say, well, Beck, that's true, and I'm really
grateful for that, but I've actually valued the role at
seventy thousand dollars or whatever it is, and to earn
that seventy thousand dollars, you actually need to be doing
all of those tasks as a bare minimum. Like I'm
not saying you have to go above and beyond, but
I need to be able to see the potential and
what you're going to bring as to why I would
pay you more for a role that in your job
(29:53):
description might be exactly what it is. Does that make sense?
So like, if you're saying, well, actually, and using you
as an example, video production and editing or whatever it is,
you might go, but I'm doing that, so I should
get a raise. You go, yeah, you're doing that because
I'm paying you that seventy thousand dollars to begin with,
to do that. That's what the job is worth. Back,
I actually need to know about what you can bring
(30:16):
in the future. So when you're negotiating a raise, I
don't want you to talk about how good you are.
I do. We're going to bring those past achievements. But
it's not just about talking about what you've done, but
also where you're headed in the future. I want you
to highlight some goals or if you have been going
above and beyond your job description in your role, You're
going to bring that information to the table and be like, actually,
I've been doing a lot more outside of the scope
(30:39):
of my current role. Employers want to know that investing
in you right now is going to mean greater returns
for the company. Laiter down the track, show them that
giving you a raise isn't just about rewarding the good
work that you've done historically, but Beck, it's kind of
about the future potential and what you're bringing to the team.
Speaker 4 (30:57):
Yeah, okay, so it's like you're showing them that you're
an investment for the future.
Speaker 2 (31:02):
Yeah. Like you want your boss to want to keep
you above and beyond anybody else because, let's hypothetically say,
I want to a Braze and I say, nope, the
role's only worth you know that, seventy thousand dollars. So sorry, there,
can you go off and get a new job, maybe
as a manager. In my head, I'm like, well, actually
that's probably a good thing because I couldn't have given
her more money, and I'm just going to hire someone
(31:22):
else to fill that for the same amount of money.
I don't want to invest more. We've got to give
them a good reason to do so.
Speaker 4 (31:28):
So this is the thing that's a little bit harder
to do and something I always have a problem with. Yeah,
I always tell myself, I'm going to go in there.
I'm going to use minimal words like sorry, in words
like you know maybe I feel like you know, things
like that. So how do we actually like go in there?
We're trying to not be like social priors.
Speaker 5 (31:44):
Yeah, you are the worst at that eye. Why are
you apologizing?
Speaker 4 (31:47):
I know, I don't know what did you do?
Speaker 2 (31:49):
Like, why are you saying sorry to me? And I
feel like we often feel the need to apologize. And
if you're in that situation, think of Jason. Would Jason
apologize for being a burden?
Speaker 4 (32:00):
Probably not.
Speaker 2 (32:00):
Jason's never apologized for being a burden. In fact, it's
never even crossed his mind that he might be a
burden on somebody else. Absolutely not like Jason. He goes
home and he tells his girlfriend stop telling me what
to do. You're not my mom. You're such a nagger,
or you nag me all the time. You're not my mom.
And then you know what he does, He goes, Babe,
where are my socks? Yeah, babe, what's for dinner? Be Jason?
Speaker 4 (32:23):
Only at work please if possible.
Speaker 2 (32:24):
Babe, have you seen my shirts? Have you ironed them yet?
Speaker 1 (32:27):
Sorry?
Speaker 2 (32:28):
I thought I wasn't your mother.
Speaker 4 (32:29):
I'm your mother one second, I'm not your mother the
other side.
Speaker 2 (32:31):
Oh, what do you want Jason? Anyway, Jason doesn't know
he's a burden, and neither do you. Let's just be
a little bit naive. Apologies actually make it seem like
you're doing something wrong. So when you're apologizing, I obviously
love calling stuff like that out because I'm like, beck,
stop apologizing. You own nobody an apology, but stop doing
it because it actually makes people think that you're in
(32:51):
the wrong when really you're just advocating for yourself. Like
we need to shift apologies to thank you and it's
kind of like this mindset shift again, another psychological thing,
going from saying I'm so sorry, I'm late, thank you
so much for waiting for me. Really small shift in language,
(33:12):
really powerful outcome that person. Instead of me saying so sorry, Beck,
when you go, oh, no, don't be sorry, thank you
so much, I go, oh, no, worries. Yeah, it's like
the outcome that I'm trying to drive thank you so
much for taking the time to meet with me. Not
I'm sorry, I'm wasting your time here. No, no, no, no,
thank you. You want to get them in an agreeable
(33:33):
mood anyway, Yeah, And the best way to do that
this is from a psychological perspective, having them think that
they've already done you a favor. Yeah, you've done me
a favor. Asking for a raise is not just about
your career growth and it's not something that I'm sorry about.
I want you to hold your head high, I want
you to state your case and like, let's just not
apologize and let's practice it throughout the week. We're not
(33:54):
just practicing it while we are asking for a pay rise.
We're thinking about it. We're at the coffee shop. You
run into somebody or you do something and you're like, sorry,
I haven't called Oh, thanks for being patient. I've been
so busy. It feels kinder.
Speaker 5 (34:08):
To yourself, makes you feel to the other person like
I'll apologize if I've done something wrong, but like me,
having a busy life is not something that I'm apologetic for.
Speaker 2 (34:19):
Yeah, if I haven't called you, because you know, we
make sorry, Beck, I haven't called you. Oh you're like, oh,
no worries, Like that's okay. But if we reframe it,
I go, thanks for being so patient, I've been so
busy at work.
Speaker 4 (34:31):
Well, I really am a patient person.
Speaker 2 (34:33):
I am a really nice person. And also, there's this theory,
and we won't get too much into it now, but
there's this theory that if you can get someone to
give you two yeses, it's very likely that the third
answer will be a yes. So if you can get
them in an agreeable mood, it's psychologically proven that they
are more likely to be saying yeah, okay. Like, why
(34:54):
would I stop agreeing with Beck now I've been agreeing
with her this whole time.
Speaker 4 (34:58):
Sorry to be a realist, but oh my god, just
say sorry. And I shouldn't have.
Speaker 2 (35:01):
But exactly what thanks, but I'm a realist. V.
Speaker 4 (35:04):
Thanks, but I'm a realist. Fee And what if they say.
Speaker 2 (35:06):
No exactly, And I mean that can still happen, and
it's happened to you before it has and maybe there
is no wiggle room in that budget, as your boss
said to you one time, And that's actually okay. It
doesn't mean that the door is closed forever. And this
is where you go. Oh, I like to call it
like a lifestyle raise. If a bump isn't possible, maybe
beck you could ask for like other perks in your
day to day life, flexible working hours, maybe a little
(35:29):
bit of annual leave, professional development opportunities, or even like
a work from home time allowance, like if you're not
able to do that at the moment.
Speaker 4 (35:38):
Yeah, that's a good call.
Speaker 2 (35:39):
You have just agreed that I am a fantastic employee,
and you have told me that you don't have any
wiggle room for salary. Oh that's okay. I've been thinking.
Given you just agreed that I'm so good at my job,
could I work from home on Fridays?
Speaker 4 (35:55):
And then it actually would, in a roundabout way, save
you some money because you're not paying for petrol or Mikey.
Speaker 2 (35:58):
It would be so nice. Maybe you could say, can
I leave early on a Friday?
Speaker 4 (36:02):
Yeah?
Speaker 2 (36:02):
Like, there are so many things that you could negotiate here,
and these things can add major value to your lifestyle,
giving you a heap more freedom and some balance, and
even if it's not straight cash back. And I wouldn't
be afraid to negotiate for better work life balance when
salary isn't an option.
Speaker 4 (36:18):
Yeah, it's a really really good point.
Speaker 2 (36:19):
Yeah, and I think that we're leaving the door open,
no worries. We'll revisit this conversation at some point, and
we're not saying no, sorry, like I'm won't ask you again.
Thanks so much for your time. Maybe we can pick
this conversation up another time when budgets get settled again.
Speaker 4 (36:32):
That's so cool. Yeah, okay, So these are the notes
I've taken so far and the summary of our action plan.
Speaker 2 (36:37):
Oh, you've made an action plan. I love this. So
what is first?
Speaker 4 (36:40):
Do your research yep? Then gather your receipts. Yeah, we're
going to get receipts, plan your future, pitch yes, and
be ready with lifestyle raise alternatives.
Speaker 2 (36:50):
Yeah. And imagine if you had this information when you negotiated.
That sounds who said she had no wiggle room like
you in that moment, Like, let's reflect back. She was
pretty agreeable, wasn't she. She was. She was like, yeah, sorry, Becka,
have no wiggle room.
Speaker 4 (37:03):
If you'd said, all right, well let's talk about work
from home options. Let's a wiggle, let's wiggle in another room, yep,
and she will go okay, all right, Becka Like where
this is going?
Speaker 2 (37:14):
And I think that that's what we want to feel
powerful about. No, I don't want you to wait, like
the end of the year is approaching and now is
the time to have these conversations. Doesn't mean they need
to give you a raise immediately. That you could plant
the seed and be like, hey, cool, I was hoping
January twenty twenty five, I'd be in for a race,
like you have worked hard all year, and now is
(37:34):
the time to make sure that you are compensated fairly.
Whether it's like a raising cash which we love, or
it's a boost in your lifestyle balance, my friend, you
deserve it. And there are lots of people in this
situation where they might be like the top of their
band for their job and they're like, well, I you know,
maybe work in government and I can't earn more. You
can negotiate flexibility. Everything is up for negotiation, back everything.
Speaker 4 (37:58):
I think it's a really sod place to leave it. Also,
just remember, go forth, be Jason, be confident.
Speaker 2 (38:04):
What would Jason do?
Speaker 4 (38:05):
What would Jason do?
Speaker 2 (38:06):
Would Jason do? And we obviously want to hear your
success stories, so let us know how it goes. You
have absolutely got this. If you need a little bit
more validation, jump on over to our Facebook group, because
I am in there every single day checking up on
you guys, making sure that you've got the right answers,
making sure that you're not saying sorry, making sure that
you're saying thank you so much for being patient instead
(38:28):
of oh sorry I was late. Absolutely not gosh, she's good.
We all deserve to get paid what we are worth,
and that's why you're in this community.
Speaker 4 (38:35):
Is absolutely I'm going to go book my meeting right
now with my boss.
Speaker 2 (38:38):
All right? True? Is that me far? All right? Let's go.
Speaker 6 (38:47):
The advice shared on She's on the Money is general
in nature and does not.
Speaker 2 (38:51):
Consider your individual circumstances. She's on the Money exists purely
for educational purposes and should not be relied upon to
make an investment or financial day decision. If you do
choose to buy a financial product.
Speaker 6 (39:03):
Read the PDS TMD and obtain appropriate financial advice.
Speaker 2 (39:06):
Tailored towards your needs.
Speaker 6 (39:08):
Victoria Divine and She's on the Money are authorized representatives
of Money sherper p t y lt D A b
N three two one six four nine two seven seven
zero eight AFS L four five one two eight nine
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