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As annual reviews arise, securing a salary increase may be on your list of professional goals. Whether negotiating within your current role or pursuing new opportunities, mastering the art of salary negotiation can be a pivotal move, ensuring your compensation reflects your skills and expertise. According to Career Builder , a significant 73% of employers in the United States expect candidates to negotiate salary when presented with an initial job offer. However, despite this expectation, a surprising 55% of job candidates choose not to negotiate their salary. This reluctance often stems from factors such as a lack of confidence in negotiation skills, fear of rejection, limited information about industry standards or company compensation, and a perceived lack of bargaining power. Adding to this, data from Pew Research Center reveals there is a gender disparity in salary increases. A higher percentage of men (42%) express satisfaction with the initially offered pay compared to women...
Jan 19, 2024
Billionaire Oprah Winfrey didn’t worry about her compensation for her role in “The Color Purple.”
Oct 23, 2023
Time and time again, people are proving that you don’t necessarily need a college degree to succeed. When it comes to defeating the status quo and the odds, you can take a look at Kenefra Carter’s story. View this post on Instagram A post shared by AFROTECH (@afro.tech)
May 4, 2023
Miami Heat’s Udonis Haslem will be saying farewell to the NBA after a 20-year run, and he’s had quite the career, winning three championship titles with the team.
Mar 30, 2023
While Symoné B. initially set out to pursue one vision for her future, life ultimately had other plans in mind.
Mar 9, 2023
Life transitions ultimately lead you to where you’re meant to be. When speaking career-wise, the sentiment holds true for Byron Jenkins — a software engineer and content creator.
Feb 16, 2023
Former NFL player Chad Johnson may not be one to fumble the bag.
Jan 31, 2023
Turning your passion into an ever-flowing stream of income is a dream for many. For Shevon Salmon, he made it come true at an early age. Before Shevon Salmon — a tech and lifestyle content creator — began to sit in front of the camera for hundreds of thousands of viewers, he picked one up to take photos after the birth of his little sister. Simultaneously, his love for videography was born, too — sparking the inception of his YouTube channel.
Jan 30, 2023
According to reports, the Buffalo Bills have decided to honor the NFL contract of safety Damar Hamlin.
Jan 9, 2023
Today’s job market is an interesting one. From significant tech layoffs to other companies experiencing hiring surges, jobseekers are caught in a crossfire of what to do and whom to trust. A part of that trust factor is often ambiguity around salary. Some organizations have done a great job of being more transparent about salary expectations, while others have remained discreet about job and salary expectations. In some cases, states have proposed laws to protect job seekers from wasting their time and energy on job processes that don’t meet their minimum requirements. However, some companies have thought of other ways to avoid those laws (In short, it’s giving fraud).
Dec 19, 2022
With Jayson Tatum’s hefty Celtics contract, one could wonder what he does with his NBA salary. However, his mom, Brandy Cole, knows firsthand.
Nov 1, 2022
When Shaquille O’Neal was drafted into the league, he made a conscious effort to set his parents up for life.
Oct 11, 2022
Esther Leonard is working to ensure others have the confidence to not only know their worth but also to demand it. Fortune reports Leonard, a career coach and sourcer, had a growing interest in digital literacy and the wealth gap, following her move to Boston, MA, nearly seven years ago. Leonard previously lived in Chicago, IL, and had years of experience working in education and with nonprofits.
Aug 9, 2022
In a previous interview, Zendaya (née Zendaya Coleman) confessed that she sought therapy because she was overly concerned about her finances. “The hope is to have a career where you can be in a position, financially, to just do things you want to do because you enjoy the work and not have to worry about the other things,” she said in a British Vogue (via Yahoo! ) cover story. “But I’m always like, ‘I will always need to work.’ Because if I don’t work, then everything can be gone tomorrow.” According to CNBC, Zendaya is not alone in these types of concerns. In fact, the outlet says a whole new subsection of therapy emerged in the wake of the COVID-19 pandemic: financial therapy. “Clients get the best of both worlds when they see a financial therapist: They can begin to process their underlying feelings about money while working out plans for retirement, savings, investments, and other goals,” they said . Not many of us will make the money that Zendaya has made through the years. And...
Jan 31, 2022
Are you underpaid compared to your peers? Have you taken on more responsibilities at work without a salary increase? You probably need to advocate for a raise — a task most people find daunting, especially the first time. But you can do it, given the right strategy, proper preparation, and a little confidence. Determine the Right Strategy The first step is to determine what strategy will be the most effective. Who has decision-making authority over your possible salary increase? It may be your immediate supervisor. Depending on your company’s process and your supervisor’s personality, a direct, fact-based appeal may be the most successful approach. But the decision-maker might be two levels above that person, or there may be multiple decision-makers. Some may be persuaded by logic. To appeal to others, you may need to pander a bit. Do Your Research Being able to prove you are underpaid relative to your peers can strengthen your argument for a raise. Find salary data for comparable...
Nov 3, 2020