Latest / The Curve / The Art of Asking for More (and Getting It), with Meggie Palmer.
Transcript
- 0:00Gosh, this feels quite fun.
- 0:02I am recording this from inside my new favorite thing.
- 0:07So unless you're watching the video to this,
- 0:08you're gonna have no idea what I'm talking about.
- 0:11Can you hear that?
- 0:13That is the sweet, sweet sounds of my new Lexus.
- 0:16I never really thought of myself as much of a car girly.
- 0:20I've always been one of those people
- 0:22that never really could see myself driving a nice car.
- 0:27And let me just tell you,
- 0:28that has entirely changed.
- 0:30Now I cannot imagine myself in any other car.
- 0:33Like I haven't known what I've been missing out on,
- 0:35but now I'm absolutely ruined for any other car.
- 0:40I've felt like I've got my shit together while driving this car.
- 0:44I turn up to meetings with confidence.
- 0:47I don't park my car around the corner
- 0:49because I'm embarrassed of it.
- 0:50I don't know, I guess just driving it has made me realize
- 0:53how much luxury and enjoying something
- 0:58that is within my reach.
- 0:59Like this is not an unrealistic car for me to say for,
- 1:02which yeah, it's just, I don't know.
- 1:04It's just changed my perspective on what I would want to invest in
- 1:08and what kind of car I would feel as a long term investment.
- 1:11And I think that when it comes to investing in a car
- 1:15because let's be honest, it's not an easy quick purchase.
- 1:19You've definitely got to think about it
- 1:22and work towards a big goal like buying a any big ticket item,
- 1:26whether it be a car or something else,
- 1:28but it's just made me feel way more motivated and excited
- 1:31to one day have a car like this.
- 1:33And so what we've done with Lexus is create,
- 1:36it's like a co-branded kind of educational resource.
- 1:40Basically, it's a pretty PDF
- 1:43that you can just download from the podcast show notes.
- 1:45And the purpose of it was just to come up
- 1:47with some really clever, tangible, straightforward steps
- 1:51that will help you save and actually get towards
- 1:54that financial goal, whether it's saving for a Lexus,
- 1:57whether it's saving for a holiday.
- 1:59I think that a lot of the time we think
- 2:01something luxurious is totally out of our budget,
- 2:03but actually it just comes down to planning.
- 2:06Yeah, so if saving for a car or something like that
- 2:09is something that you would like
- 2:11or you just want to know what those sort of tips and tricks are
- 2:13then it's a totally free resource.
- 2:16And you can just download it from the podcast show notes.
- 2:18But most importantly, thank you so much to Lexus
- 2:21for letting me drive in this absolutely phenomenal car.
- 2:25I have just found so much cooler.
- 2:27I pulled a driver and like picking up friends,
- 2:30I'm like, don't worry, I'll drive.
- 2:32No, it's fine, I'll pick you up.
- 2:34Yeah, thank you so much, Lexus, big, big fan.
- 2:37You ruined me for life.
- 2:43Maggie, I'm really stoked.
- 2:44I was like, I know I need to prepare for this,
- 2:46but also I kind of don't.
- 2:47Also, we're just gonna talk all these money salary
- 2:51and negotiation.
- 2:51We've got this.
- 2:52Also, just like, you know, when you don't know someone
- 2:54and you're trying to prepare for an interview,
- 2:56it's actually you do have to really do your research.
- 2:58You know, and I just thought, yeah, 15 minutes on me,
- 3:01you'll be fine.
- 3:02And there's nothing to prepare.
- 3:04This is gonna be awesome.
- 3:05But anyone who has an all listened to our first podcast
- 3:08with Megan, raising the code 60,
- 3:10how to negotiate a pay rise.
- 3:12And go back and listen because if you are thinking,
- 3:15God, I really like, I want to get a pay rise.
- 3:18I don't really know how to do it.
- 3:19This is a really good episode to listen to.
- 3:21Today, we're doing something a tiny bit different.
- 3:23We started this thing called kerfballs.
- 3:25Yeah, I love it.
- 3:25So kerfballs is essentially like,
- 3:27what is like a sticky, hairy situation
- 3:29you've got yourself in related to money?
- 3:31And quite a few of them have come through
- 3:33that are about getting a pay rise.
- 3:35And I thought, who do we need to get on for these?
- 3:39Good thing, Chen Wag about salary and pay rise to girls.
- 3:42Yeah, let's do it.
- 3:43So we're gonna do that.
- 3:44But before we head into it,
- 3:45I want to sort of like a quick fire with you.
- 3:47Kind of like a bit of a,
- 3:48I was just, when I was thinking about what I wanted
- 3:51to talk to you about us,
- 3:52thinking if the gender pay gap did not exist,
- 3:55like let's just for a second pretend
- 3:57that that's not a thing, okay?
- 3:59So we're in a world right now where that's not a thing.
- 4:02And it just, yeah, we're just imagining it.
- 4:05Okay.
- 4:05I want to know because I have this theory
- 4:07that even if it didn't exist,
- 4:09even if men and women were most of the time
- 4:12paid equally for the same jobs,
- 4:14I still have this theory that guys would get more pay rises
- 4:17and have more money because they know how to negotiate,
- 4:21they know how to, they are probably more comfortable
- 4:23talking about money.
- 4:24That's kind of this weird theory I have.
- 4:26Okay.
- 4:27So my thought here is,
- 4:28we're gonna pretend that it doesn't exist.
- 4:30However, we're also going to keep in mind
- 4:32that women generally avoid uncomfortable conversations.
- 4:35This is a huge generalization, by the way.
- 4:38But my point here is just I do think
- 4:41when it comes to asking for money or talking about money,
- 4:44we're a bit more hesitant than our male counterparts.
- 4:47I think it's getting better, but it's still a thing.
- 4:50Weirdly when I used to go for pay rises,
- 4:52I kind of like gamified it
- 4:54and I was sort of got weird kicks out of getting a pay rise.
- 4:56Like I was just like, do you know what?
- 4:58Like I will leave if you don't pay me.
- 5:01Like I was really bossy about it.
- 5:02And I don't know where it came from.
- 5:05And all other parts of my life didn't have the same confidence.
- 5:07However, when it came to pay rises,
- 5:09I was like, really knew my worth.
- 5:12What would be some top tips for people who,
- 5:16regardless of if you're getting paid the same,
- 5:18it doesn't matter.
- 5:19It's the idea that we want to always be getting more.
- 5:22We want to make sure that we are on the top end
- 5:25of what we should be compared to other people,
- 5:26gender or relevant.
- 5:28What are some top, top important tips
- 5:31and things that we can all start exercising
- 5:34to ensure that when it comes to a pay conversation,
- 5:36a promotion, we've done the leg work
- 5:40to be confident for that conversation.
- 5:42Totally.
- 5:43And I think a lot of people and maybe a lot of your listeners,
- 5:45they've got a pay raise conversation on Friday,
- 5:47so maybe on the Thursday, they'll start to prep, right?
- 5:49Which is fine.
- 5:51If you're looking for an extra $500 a year,
- 5:53maybe an extra one on $2,000 a year.
- 5:55But if you want like 5, 10, 30, 50, 100K extra a year
- 6:00in this conversation, you better put in the reps
- 6:02ahead of time to prep for that.
- 6:04Because you better believe that HR has done their prep
- 6:07or that your boss has done some preparation.
- 6:10So the way I kind of boil it down
- 6:11is like there's three steps.
- 6:13The first is to know your value.
- 6:14The second is to track your contributions
- 6:16and the third is to kind of surround yourself
- 6:17with cheerleaders, right?
- 6:19And so these are things that, sure,
- 6:20you can do it 24 hours ahead of time,
- 6:22but it's so much better if this is like a consistent practice
- 6:25that you do throughout the year.
- 6:26So like knowing your value is kind of to your point
- 6:29around like being prepared to walk out the door and leave,
- 6:31you have so much more leverage.
- 6:33Like, and I used to do the same thing.
- 6:34I don't know where the confidence came from.
- 6:36Well, we were just going to do the young
- 6:38and just like, I don't even know.
- 6:39We may have just really good at our jobs.
- 6:41Well, that helps.
- 6:43I mean, that's true.
- 6:44If you're competent, that gives you confidence, right?
- 6:46Like I knew I was good at it.
- 6:47So I think we're, it gets sticky
- 6:50as if you're learning something new.
- 6:51You're in an unfamiliar role.
- 6:53Maybe you're out of your comfort zone.
- 6:55Yeah.
- 6:55But you still need to have the same confidence
- 6:57when it comes to those conversations,
- 6:58which I think is hard.
- 7:00Well, and preparation is so important, right?
- 7:02Because the reality is that if you or I,
- 7:05any of you listeners are going into Perry's conversation,
- 7:07I already know what the outcome is.
- 7:09I know the outcome of any number of thousands
- 7:11of Perry's conversations.
- 7:12There's only three outcomes.
- 7:14Like you're going to get told, yes.
- 7:16You're going to get told, no.
- 7:17Or you'll be told, maybe.
- 7:19We already know.
- 7:20So you can literally map that out
- 7:22on butcher's paper or on a notebook
- 7:23or whatever it is on a whiteboard.
- 7:25If they say, yes, I'm going to ask for this.
- 7:26If they say, no, I'm going to say these exact phrases.
- 7:29If they say, maybe this is where I'm going to pivot
- 7:30the conversation.
- 7:32So you can, you can kind of like mind map
- 7:33prepare that ahead of time.
- 7:35And you should know in a meeting.
- 7:37Like, can we have that in front of us?
- 7:39I feel very good about notes.
- 7:40You've got a laptop right here with notes.
- 7:42I respect that to me that your laptop and your notes
- 7:44shows to me that you've done research
- 7:46that you're like details oriented.
- 7:48Like walking with a folder.
- 7:50Walking with like, hey, I've tracked my,
- 7:52I've just have it there with you.
- 7:53I mean, you might be having the conversation virtually.
- 7:55So why wouldn't you have a notepad?
- 7:56Why wouldn't you have a Google doc with the phrases,
- 7:59the exact wording, the numbers written down?
- 8:01Like, I don't judge people for that.
- 8:04You know, when it comes to like being prepared,
- 8:05I think you can go and you can do the work
- 8:07outside of the room.
- 8:09I find in the room, I just my prefrontal cortex
- 8:13just switches off and I forget my name.
- 8:15Sometimes it's not normal.
- 8:17That's the way your brain works.
- 8:18Okay, so we're okay to bring notes.
- 8:20That's great.
- 8:21We're really okay to bring notes.
- 8:22Okay.
- 8:23You know, if you want to fly it just like,
- 8:24you know, you bring a notepad or you bring your phone
- 8:26and a glass of bottle of water,
- 8:28like just kind of have it on, you know,
- 8:30whether you want to sort of have them explicitly
- 8:31on the table or put them in a notepad
- 8:33and just kind of open it up to that page.
- 8:34It's totally up to you.
- 8:36But I also think you can sort of say,
- 8:37I've been doing my research throughout the year.
- 8:39I've printed these things out here.
- 8:40So I've got a record of them.
- 8:41Should I need to refer to those?
- 8:43But he is one of the things
- 8:43I'm really excited to talk to you about today.
- 8:45Like, you can just fly.
- 8:46Oh my God, I even just hear him talk.
- 8:48I'm like starting to squire.
- 8:50So let's fly.
- 8:51Why?
- 8:52Why, like, let's let's unpack this because,
- 8:54so for people who are not watching the video version,
- 8:56like, so it's like literally like crumbled
- 8:57into herself as a child as a boy.
- 8:59Like a little raisin.
- 9:00You're feeling a bit anxious.
- 9:01Yes, I think it's...
- 9:02You're feeling a bit anxious.
- 9:03I feel a bit eki and I think it's for cause.
- 9:07I think I find when I'm like being naturally confident
- 9:11as it just comes out and I'm not trying.
- 9:13Yeah.
- 9:14I feel fine.
- 9:15Okay.
- 9:16As soon as I feel like I need to put like a bit of armor on
- 9:18or I am trying to like,
- 9:21I don't know how to explain it.
- 9:23I just think maybe it's also being afraid of being too much
- 9:28or too this or which I really thought I'd move through
- 9:31but clearly not.
- 9:32Well, it's really interesting as in it
- 9:34and it's not your fault either
- 9:35because if we think about this for all of us listening,
- 9:37like we've all been conditioned to behave a certain way
- 9:40since we were born.
- 9:41And so to your earlier point around the gender pay gap, right?
- 9:44So the gender pay gap,
- 9:45I hope that we can manifest this world that you mentioned earlier
- 9:48where the gender pay gap doesn't exist equally.
- 9:50We know that the gender pay gap starts at the age of eight
- 9:54because there's been three separate studies
- 9:56in three different countries that has proved
- 9:58that little girls get paid less pocket money,
- 10:01less allowance than little boys, right?
- 10:04From a really young age.
- 10:06And like obviously parents are not doing that to be assholes.
- 10:08It's because it's unconscious.
- 10:09Wait, it's because parents doing it.
- 10:11Yeah, because parents decide how much pocket money someone has.
- 10:13Wait, so we've got little Johnny and little Jane.
- 10:15Yeah.
- 10:16The parents are having parents.
- 10:17Same parents.
- 10:18Johnny more on average.
- 10:20Yeah, when we look at a house.
- 10:21Yeah, exactly.
- 10:23And the reason is because there's this concept,
- 10:26there's this perception that some work is tough work.
- 10:29So like mowing the lawn or chopping firewood is like hard work.
- 10:34And maybe in a generalized world, perhaps the little boys
- 10:37would be helping with that.
- 10:38And the little girls might be helping to set the table
- 10:41or prepare a meal or do some laundry in the house.
- 10:43This is generalizing, right?
- 10:45And that is considered easier work.
- 10:47And therefore not worth as much.
- 10:48And therefore not worth as much pocket money.
- 10:50And so the reason I'm sharing this is because
- 10:53you're feeling a bit ick about coming across as too much.
- 10:56That's because as women we are socialised to know our place.
- 11:01There'd be people pleases to keep the peace to stay in our box.
- 11:04That's the way that the patriarchy has basically conditioned us to behave.
- 11:09So there's nothing wrong with you as what I'm trying to say.
- 11:12Like you've been conditioned that way so have I.
- 11:15So have most of our listeners.
- 11:16And we really have to work.
- 11:17I've had to work quite hard to try and shift that mindset
- 11:21and to try and rewind my brain in how I think about things,
- 11:24which is a process that I have to go through every day.
- 11:26I went to a net, like I'm not a networking.
- 11:28It was like a personal branding event a few months ago.
- 11:30And it was really amazing.
- 11:31One of the things that she said was,
- 11:33and it was all around the idea of blue behaviour wrapped in pink.
- 11:38So it's the idea of you.
- 11:40Oh, yeah.
- 11:41So it's like we are in the system.
- 11:42Yes.
- 11:43You do have to play to like what's going on.
- 11:45Yeah.
- 11:46But so you can you can have blue behaviour with a pink wrapping.
- 11:49And like I don't know if that really lands because I'm really not explaining it well.
- 11:52But it was kind of essentially what she was saying is you can be direct.
- 11:56You can be like you can be all those things.
- 11:59But unfortunately the world we live in is if you go too far,
- 12:03you're considered rude, bossy, blah, blah, blah.
- 12:06Does that mean you're a pushover? No.
- 12:08But it's it's finding a way to work the system to get what you need and want
- 12:13without compromising your own values.
- 12:15Values.
- 12:16Yeah.
- 12:17So I guess, okay, back to the idea of a paradise.
- 12:19If we're going into a room and it's not natural for us to step into our power
- 12:23and that way to be prepared to have our notes to be, you know,
- 12:26feeling like we know what we're about to ask for.
- 12:28Yeah.
- 12:29What kind of like things could someone like practice or do?
- 12:32Yes.
- 12:33To try and at least pretend to feel like they're going into that well prepared.
- 12:38So one of the things you talked about earlier,
- 12:40you felt like your brain was just kind of going to fight or flight mode.
- 12:43Just even the conversation and starting to practice having these conversations.
- 12:47And our brain is there to protect us, right?
- 12:49And possibly you may have had a traumatic experience negotiating
- 12:52or having a tough conversation at work in the past.
- 12:54And so when you think about having another conversation like that,
- 12:57or when we role play some of the phrases that you can use,
- 13:00your brain is remembering that and protecting you by creating an anxious reaction
- 13:04so that you can kind of put up your armor and be prepared to kind of quote-unquote fight.
- 13:08And so one of the things that I always say to people is if you're going
- 13:11into have a conversation around salary or money on negotiation,
- 13:14I don't want the first time you have that conversation to be in that moment.
- 13:18I need you to prepare with a roommate, with your dad, with your best mate, with the person.
- 13:23Yeah, the mirror, get out your iPhone, you know, selfie it, all that kind of stuff
- 13:27because your brain doesn't know necessarily that that's not the real deal.
- 13:31But all of a sudden you've verbalized what you need to say.
- 13:33You've had the anxiety come up, you said the number out loud whatever.
- 13:36So your brain the next time you walk into that scenario is going to be a little bit calmer,
- 13:41a little bit calmer, a little bit calmer.
- 13:43So we kind of want to trick our brain into being able to hand all those high-stress situations
- 13:48in a really confident, calm way.
- 13:51And the best way to do that, it's not sexy, it's not necessarily fun and it does take time,
- 13:54but practice.
- 13:56And that's why musicians practice, practice, practice so that when they get on stage
- 13:59they don't freak out and press the wrong key or do the wrong note or whatever.
- 14:02It's like you have to go through that process so it becomes instinctual.
- 14:06So perhaps instinctively when someone says listen, Sophie,
- 14:10thanks for asking for their pay raise, but it's not going to happen we can't afford it.
- 14:14Instinctively, most of us would probably, what would you instinctively say?
- 14:17Okay, no worries, thank you.
- 14:18Correct.
- 14:19No worries, thanks anyway.
- 14:20I just thought I'd ask, yeah, that's our instinctive behaviour.
- 14:23And what I want you to say is if you ask for an extra $10,000 and they say,
- 14:27oh, we'd love to, we can't afford it.
- 14:29I want you to say, I'd love you to tell me more about that decision.
- 14:33Oh God, I want to eat the microphone.
- 14:36Right.
- 14:37So, but it's practicing to say, or if you're feeling boggy, I've got to be honest with you.
- 14:42I understand where you're coming from.
- 14:44I am a little disappointed and I really want to understand where that decision's come from.
- 14:50So basically, I know the way I look at it is just to not right now.
- 14:54Right.
- 14:55So that's the way I kind of look at when you get a stone wall in a negotiation is,
- 14:59we're trying to get to the bottom of this because they might say, well, you know,
- 15:02you really stuffed up that project or Coca-Cola didn't renew because,
- 15:07because of whatever you did on this, I don't know, case you were working on,
- 15:10whatever the case may be, you might be able to sort of say, oh, actually,
- 15:13I think you're thinking of Megan, not Maggie or whatever, like maybe they've made a mistake.
- 15:17Maybe you can rectify it and say, hey, let's circle back in three months time.
- 15:21If I can address that, would you reconsider that in six months time?
- 15:24It gives you a pathway to continue the conversation because the way I look at it
- 15:29is like negotiation is not like a fight. It's not an argument.
- 15:32It doesn't have to be an aggressive thing. It's just a conversation.
- 15:35We're investigators.
- 15:36Yeah, you kind of try to be like, yeah, we're dealing with your little IP.
- 15:40Yeah, what are they thinking? Magnifying thoughts.
- 15:42Okay, interesting. So you think that I did this just so you know that's what happened.
- 15:45And then it's like, now are you fine? No, okay. We'll find the next problem.
- 15:48We're trying to just keep it to that conversation, right?
- 15:50Because when we think about the idea of a negotiation, sometimes you're like,
- 15:53oh, that's only for bankers on Wall Street or that's for like really smart lawyers or whatever.
- 15:57And sometimes those of us who are not bankers or lawyers, i.e. me,
- 16:00we sometimes think, well, I can't negotiate.
- 16:02But actually, when we reframe it from an negotiation is just a conversation.
- 16:06All of us can have a conversation whether you're an extrovert or an introvert.
- 16:10All of us can have a conversation.
- 16:11And that's what you're trying to do. If they say no, say, I hear what you've said.
- 16:15Loved to understand that decision making process.
- 16:17We just want to continue the chatting so that you can get to the bottom of it.
- 16:21Because they might say, listen, you just don't have a future here.
- 16:25Great.
- 16:26Oh, gosh.
- 16:27I'd rather they tell me now.
- 16:28I mean, I can figure out my plan B. Instead of them going not right now and not right now
- 16:31and then five years later, you're still stuck in a dead-end job.
- 16:33And you should have known 12 months ago.
- 16:35And you could have gone out and started interviewing and whatever.
- 16:37So it's like, we're not always going to like the outcome.
- 16:40But we need to hear it.
- 16:42We need to.
- 16:43Yeah.
- 16:44What does some other good one line is?
- 16:45I love that one.
- 16:46I think that's such a good one.
- 16:47Because I do think sometimes it's that the brain stops working.
- 16:52And you think I know I need to continue this conversation, but I don't know what else to say.
- 16:56Totally.
- 16:57What are some other ways to continue the conversation if they've said no or they're feeling prickly
- 17:01and it's not going the way that you like?
- 17:03What are some other like, okay, we're going to divert it over here.
- 17:06Yeah.
- 17:07Like one line is.
- 17:08Yeah.
- 17:09So I always like, I really like to prepare these things ahead of time.
- 17:12And as I said, I literally mind map out in advance what the yes, no, or the maybe scenario will be.
- 17:17And anyone listening really encourages you to do the same thing.
- 17:19Alex Carter, who's a friend of mine, she's an amazing woman.
- 17:22She's written a book called Ask for More.
- 17:24She talks about this amazing phrase that she, she uses in a lot of her negotiation work around the world, which is tell me.
- 17:31So if you say, if, if I asked someone for a $5,000 pay raise and they say no, I could be really pissed off.
- 17:36I'm like, well, you and screw you and this bullshit and storm out.
- 17:39Right?
- 17:40Or you can say, okay, yeah, no, that's okay.
- 17:42Well, okay, no worries.
- 17:43And then you could just kind of walk out of the room or you could use Alex's phrase, which is tell me.
- 17:47Like tell me more about like how you came to this decision.
- 17:50Or that's interesting.
- 17:51Tell me more about that.
- 17:52Or say more about that.
- 17:53Or love to understand who is involved in this decision making process.
- 17:57Or tell me what you need from me in future so that we can make this an easy yes going forward.
- 18:02So the phrase tell me can be really useful.
- 18:04It's non-confrontational.
- 18:05It's very open.
- 18:06It's very kind of objective.
- 18:08It doesn't have like an angry or a super happy connotation either.
- 18:11So it could be like tell me.
- 18:15Is there planned or money put aside for future pay rises in the next six months?
- 18:20Yeah.
- 18:21Or tell me your plan for renumeration.
- 18:24No, but you know, and I think you could and also there's also no shame in saying.
- 18:28Like if you feel like you're sort of getting lost for words or feeling a bit overwhelmed.
- 18:32You can also say to them, listen, I've heard what you said.
- 18:35I'm going to with your permission.
- 18:36I'm going to process this and can we circle back tomorrow morning?
- 18:39Like there is no shame in stopping a meeting and coming back later.
- 18:43But you can do that if it's on the phone, if it's on a zoom, if it's in person.
- 18:46You can say, hey, listen, can you give me three hours or 30 minutes or 24 hours to process this?
- 18:51Because I want to really think this through thoughtfully.
- 18:53And I'd love to continue this conversation later.
- 18:56So you've always got that as a worst case scenario in your back pocket to kind of come back to you.
- 19:00Just continue the conversation later.
- 19:01Or say, you know what, I'm going to need a restroom break.
- 19:04And we can you give me five minutes.
- 19:05That's a really good one.
- 19:06Yeah.
- 19:07One of my mates, he was the chief negotiator for JLo.
- 19:12And so he has shared with me.
- 19:14I know he's amazing.
- 19:15He has shared with me some of his negotiating tips.
- 19:18Obviously dealing with massive global brands, all this kind of stuff.
- 19:21But he said when he was working for a very, very big law firm,
- 19:24one of the tactics that they used to use that feel free to borrow all of your listeners was,
- 19:29if they were on a call, they were doing a high stakes negotiation.
- 19:32They'd be like, okay, yes, I heard what you say Roger, understood Madeline blah, blah, blah.
- 19:36And then he'd go, oh, I'm just, wait, wait, wait.
- 19:39And then he'd just hang up.
- 19:40He'd hang up.
- 19:41Call.
- 19:42And then he'd checks it and be like, I'm going through the tunnel.
- 19:45I've lost service.
- 19:46And he'd just think for five minutes and then call them back.
- 19:48That's genius.
- 19:49Yes.
- 19:50So I'm like, I'm not saying I always believe in transparency and being honest.
- 19:53That's very important.
- 19:54And also do what you got to do if you need to buy yourself some time.
- 19:58That's so good.
- 20:00And I just love that he actually shared that.
- 20:02Because you know, I know.
- 20:03Big wash up people can be sometimes I have real gatekeeper with the word.
- 20:07And also, as if they've always got it together.
- 20:09Yeah.
- 20:10But like, faking that you're going through a tunnel is iconic.
- 20:12Yeah.
- 20:13So iconic.
- 20:14And he was just like, because he's like, when things were getting too heated.
- 20:16He's like, often we would say, you know what?
- 20:18We're going to take a five minute convenience break.
- 20:20We're going to take a five minute break.
- 20:21He's like, that was very normal.
- 20:22But he's like, even on the phone.
- 20:23He's like, I may or may not have been known to occasionally pretend that the line was cutting out.
- 20:27Because he was like, I couldn't think straight.
- 20:29And this is someone who's like hyper intelligent top of his game.
- 20:32Ivy League educated, et cetera.
- 20:34So I'm sharing this so that folks understand that like even people who do this for a living, you know, 12 hours a day.
- 20:40They also get frazzled too.
- 20:42And so it's okay if you do too.
- 20:44And there's no, as I said, if you want to even write down how you would get out of jail free if you needed a break.
- 20:49Write that down on your notes and say, hey, I just want to process this.
- 20:53Can we circle back in 20 minutes or could we could we catch up again tomorrow so that I can unpack this further with you?
- 20:58I really want to learn from from your process.
- 21:00And so what I can do better in future.
- 21:02And then you can just go away, process the disappointment, cry if you want to cry.
- 21:06Be excited if you want to be excited and come back in a more rational state.
- 21:09But that's really the worst case scenario.
- 21:11You're not always going to need to do that.
- 21:12You can obviously use the phrase, tell me.
- 21:14And I think also embracing silence is really powerful.
- 21:18So I was literally about to say to you, how do deal with silence and is it a good thing?
- 21:23In a negotiation,
- 21:26mentally being prepared to sit in silence is very powerful.
- 21:30And I am a people pleaser.
- 21:32And so sitting with silence makes me uncomfortable.
- 21:35I want other people to work on that.
- 21:37I'm like, oh, well, now we're sitting here waiting.
- 21:39I'll just let you know about what I had for breakfast.
- 21:41It's like, it's like one egg.
- 21:43And that's, and that's, and that's a, that's a strength, right?
- 21:46In many instances, that's a strength.
- 21:47And in negotiation, it's a, it's a two way street.
- 21:50And so you need to be prepared to say, you know,
- 21:53the compensation I'm looking for is north of 200,000.
- 21:59I just sit there and just, you know,
- 22:02and, and, and there could be a 30 to 60 second break.
- 22:05No.
- 22:06Well, I mean, sometimes I see seconds.
- 22:08Well, but, and also if you just sit there,
- 22:11you've put the number out there, you better believe the other party will eventually fill that air time.
- 22:16It might take some time, but they will, you don't have to fill that.
- 22:20Like you are within your rights to make that request.
- 22:22You've been polite.
- 22:23You've been candid.
- 22:24You've been honest.
- 22:25It's fine to put it out there.
- 22:27They can fill the silence.
- 22:28Because, you know, often our instinct is, you know,
- 22:31my request is north of 200,000.
- 22:33But if you can't, it's okay.
- 22:34And I totally get it.
- 22:35And I know by just the time I know the economy and inflation.
- 22:37And so that's true.
- 22:38I can move in with my mom.
- 22:39I don't mind.
- 22:40Exactly.
- 22:41And so it's straight away that gives them permission to say,
- 22:43oh, okay.
- 22:44So she doesn't really need north of 200,000, right?
- 22:47So you, you have to own your number.
- 22:50Own the number.
- 22:51And you've got to know what those numbers are.
- 22:53So I always say people would say, you're the three W's.
- 22:55The WWE, the wish, the want, and the walk.
- 22:58You've got to know your wish number, your want number,
- 23:00and your walk number.
- 23:01Oh, that's really good.
- 23:02Do you like that?
- 23:03Yeah.
- 23:04The wish, really do.
- 23:05Yeah.
- 23:06So because it's just the W's, that's easy to remember.
- 23:07Exactly.
- 23:08And you can write that down.
- 23:09I had it full around there.
- 23:10I had it full around there.
- 23:11No, it's to your point around there.
- 23:12Absolutely.
- 23:13So like, the wish figure is like, OMG, I cannot believe.
- 23:17I get paid this money.
- 23:18This is offensive in a good way.
- 23:19Like, what?
- 23:21That's at one end of the spectrum.
- 23:22And by the way, whatever you think that number is,
- 23:24I'm going to ask you what to add tax.
- 23:26I think literal tax or just like fun tax.
- 23:28Just out like, so when I'm talking to Aussies, I say out of it a GST.
- 23:32So like, let's say if you think your wish number is 200,000,
- 23:35I would say to you, our GST make it 220.
- 23:37At least.
- 23:38And say that number out loud to at least three mates ahead of time,
- 23:41preferably one of them a white male, because they may say to you,
- 23:44so if that number should be closer to 320 or 420,
- 23:46because we know that statistically they're going to be earning more
- 23:49and have a higher expectation.
- 23:51So your wish number is your f off number, your OMG.
- 23:54This is a hecticly amazing number.
- 23:56And then at the other end of the spectrum is your walk number,
- 23:59where you're like, you know what?
- 24:01I don't want to get out of bed for less than that.
- 24:03It's not worth it.
- 24:04I may as well stay where I am, or I may as well continue to side hustle,
- 24:07or it's just, it's just not worth it.
- 24:10It's an offensive number.
- 24:11It's an offensive number where you feel disrespected
- 24:13and it doesn't feel right.
- 24:14And you can't give 110% for that number, right?
- 24:17So that's your walk number.
- 24:19And then your want number is the number where it's not necessarily in the middle
- 24:22of those two numbers, but it is a number that would be between at some point,
- 24:25where you're like, I feel really respected.
- 24:27This is a fair figure.
- 24:28I want to work hard for this amount of money.
- 24:30They're compensating me well, and I'm going to work hard for them.
- 24:32Because the thing is, you know, you're an employer.
- 24:34I'm an employer.
- 24:35Of course, budget is always a constraint.
- 24:38And also, if I pay people badly,
- 24:41they're going to leave or get pissed off and eventually leave or do bad work.
- 24:46So it's that, you know, employers are also incentivized to pay people relatively well.
- 24:50And I think that's the other thing is that everyone needs to realize listening.
- 24:53You have power.
- 24:54Sometimes you think that they have all the power because they're a fancy corporation,
- 24:57but at the end of the day, they're not a charity.
- 24:59Like they're paying you because you create value for them, you know?
- 25:03And also how annoying it is to find someone new to do your job.
- 25:06Oh my gosh.
- 25:07It's actually really expensive.
- 25:08Well, you know this from hiring yourself with all the amazing growth the curve has had recently.
- 25:12Totally.
- 25:13It's expensive.
- 25:14Recruiting fees can be 20 to 30% of a salary.
- 25:16If you're hiring someone on $300,000 a year,
- 25:19the recruiting fee is going to be like 70 to $120,000.
- 25:22That's a shit ton of money.
- 25:24Like it's cheaper for them to give you a 30 grand raise than it is to go out and recruit.
- 25:28Like that's just the reality in that particular instance.
- 25:31And so for your listeners, it's like it's probably cheaper for them to just pay you a bit more.
- 25:35You've got to ask for it, you've got to put a case forward,
- 25:38which is why we built the pep talker app and all that kind of stuff,
- 25:40and we can talk about that.
- 25:41But like you've got to ask the question and realize that you have power
- 25:44and to your point earlier in your career, you have the capacity to walk.
- 25:48You may not want to and you may not have another job to go to yet,
- 25:51but you can walk.
- 25:52That's always a choice that you can make.
- 25:53If you walk, if you're like, they offer you a walk number.
- 25:56Yeah.
- 25:57Do you walk literally that day or do you,
- 25:59because like emergency fund, hello, but also,
- 26:02oh, that's quite a lot.
- 26:04Well, it just depends on the scenario.
- 26:06So folks, you have, I mean, like there's things like how much do you have in savings?
- 26:10What leverage do you have over the company?
- 26:12For example, like in your back pocket, you know,
- 26:14I'll give you an example of one of my clients.
- 26:16She was sexually assaulted at work.
- 26:18And so in her instance, she wouldn't just walk straight away.
- 26:21She would say, I'm going to leave and you're going to pay me on the way out the door.
- 26:24And he's why, because of the situation.
- 26:27Wait, she was using that as like a backdrop to not getting a pay rise.
- 26:30Or that was just like a conversation.
- 26:32It was kind of like, it was something that happened to her that was horrendous.
- 26:36And if this is like, so what I'm saying is hypothetically,
- 26:38if she was going through a pay raise conversation
- 26:40and if she didn't like the offer that they gave her
- 26:42and she was going to walk anyway,
- 26:44I wouldn't say to her, storm out the door
- 26:46and sign your resignation letter on the way out.
- 26:48My advice to her would be sit down with them,
- 26:50have a candid conversation and say, this isn't going to work.
- 26:52You're not valuing my work.
- 26:54You and I both know that I was assaulted on this time.
- 26:56So I would like you to give me a package to go away quietly.
- 26:58Or to go away not quietly.
- 27:00These days actually companies are not asking folks to sign
- 27:02NDAs as much, which is a good thing.
- 27:04So, you know, if you're very junior in your career,
- 27:08maybe you want to stay there because you might need to get a reference
- 27:10from people, maybe you want to start to look for a job while you're out.
- 27:12That employer, if it's so offensive,
- 27:14maybe you do walk out the door.
- 27:16If you don't care if money is not a huge driver,
- 27:18if you and if you've got a huge savings balance,
- 27:20it's really, it kind of depends on everyone's scenario.
- 27:22But it's often better to be looking for a job when you have a job.
- 27:26As well, right?
- 27:28Because it's a stronger bargaining position.
- 27:30So if I know you're unemployed and you're applying for a job,
- 27:32that's not as strong as you've already got a great job.
- 27:34And I'd be lucky to get you.
- 27:36So you kind of have more leverage.
- 27:38So it's a case by case scenario.
- 27:40What about how do you feel about the compensation
- 27:42versus your happiness at work?
- 27:44Like, do you then play that then into how you look at?
- 27:48So for example, like one of my questions,
- 27:50just as, which I think would help a lot of people,
- 27:52which I think would help a lot of people is,
- 27:54lots of people are wondering, am I being paid fairly?
- 27:56Can we get to other people for what I'm doing for my skills?
- 27:58Yeah.
- 28:00How do you then put in that piece of work enjoyment,
- 28:04work fulfillment that maybe some people
- 28:06that are doing a similar job that are hating it
- 28:08and have a ship work environment
- 28:10are getting paid more?
- 28:12How do you quantify what that value looks like?
- 28:16Yeah, and so that's, that to me,
- 28:18is one of the non-monetary benefits
- 28:20that we would negotiate.
- 28:22So always I say to people, people who were in the pep talk
- 28:24community and people who go through our programs,
- 28:26it's always like, we want to get clear on our wish want walk number.
- 28:28We want to map out our yes-no maybe scenario.
- 28:30And then we want to also have a separate list
- 28:32that we've brainstormed in advance
- 28:34of like what are the non-monetary benefits
- 28:36that we also want to negotiate?
- 28:38So that might be three days a week working remotely.
- 28:40That might be a nine day fortnight.
- 28:42That might be business class travel
- 28:44when you're going overseas for work, whatever it is.
- 28:46So thinking about those things ahead of time
- 28:48too, so that if you get a yes in a negotiation
- 28:52and if it's an easy yes, you can then pivot straight away
- 28:54to negotiate other things as well.
- 28:56But you're also considering that piece of like work
- 28:58for film and work enjoyment
- 29:00as being valuable.
- 29:02Totally.
- 29:04How do you, because I think the thing is,
- 29:06you know, what we're not just chasing
- 29:08is like just dollars.
- 29:10So we're chasing dollars and happiness of the film
- 29:12and impact it.
- 29:14And I mean, it's a reasonably non-fact
- 29:16that like massive corporates.
- 29:18There can be a lot of like,
- 29:20kind of shit energy and lots of internal politics
- 29:22and blah, blah, blah.
- 29:24So how can people try and reframe
- 29:26if they're looking at their friends
- 29:28who are in a massive corporate earning way more
- 29:30but they're enjoying it?
- 29:32I don't know, it's just like it's a funny one to try and...
- 29:34Well, you and I know that from big journalists, right?
- 29:36Like we did not get, you and I both used to work as journalists
- 29:38and I'm guessing now that we've got into journalism
- 29:40for the money.
- 29:42If it was just about money for our initial careers,
- 29:44our sales or whatever.
- 29:46Well, I actually weirdly think it's...
- 29:48I had no idea what the pay would be.
- 29:50I don't think I even knew what pay brackets
- 29:52were or what were...
- 29:54I mean, I knew these things like lawyers and doctors
- 29:56aren't lots, but I kind of didn't think about that.
- 29:58I wish I had known more.
- 30:00Yeah, and I remember actually my dad saying that to me,
- 30:02you know, like how much money do you earn as a journalist?
- 30:04And I remember saying to him,
- 30:06I must have been like 21.
- 30:08I was like, if you love your work, the money will come.
- 30:10And he kind of rolled his eyes.
- 30:12The money will come.
- 30:14And I think like quote unquote money,
- 30:16I've got mates who are worth...
- 30:18You can't even imagine how much money.
- 30:20And you know what? They're looking...
- 30:22They're now looking for like, what's their thing?
- 30:24Like what do they care about in the world?
- 30:26What is the thing that you would do even if you weren't getting paid?
- 30:28Now, I'm not saying every job needs to be aligned for purpose.
- 30:30For you and I, we're both fortunate that our jobs
- 30:32do align with our purpose.
- 30:34Yours is obviously supporting women to get wealthy.
- 30:36Mine is aligned to closing the pay gap and closing the leadership gap.
- 30:38It's what kind of drives me.
- 30:40Or 100 or whatever.
- 30:42Hopefully I won't have to do it for that long,
- 30:44if we can close the pay gap sooner.
- 30:46But I think you got to weigh that up.
- 30:48And I've had job offers in the past that were more money.
- 30:50But there was a level of stress or travel
- 30:52or certain things about the leadership
- 30:54that didn't align with who I wanted to be.
- 30:56So I think it's a very individual question
- 30:58because if I was a single mother,
- 31:00a sole provider perhaps my decision-making matrix
- 31:02would be a little bit different.
- 31:04I have a good safety net.
- 31:06I've been a good saver.
- 31:08Even when I was a journalist,
- 31:10when I left a network for paid discrimination,
- 31:12I had investments to fall back on.
- 31:14So I could have forward
- 31:16to make that choice
- 31:18and have that negotiation-slash argument with them about that.
- 31:20If I was a single mother.
- 31:22I was kind of sorry that I was quickly just remembered
- 31:24we did go into detail about that in the first conversation
- 31:26we had with you.
- 31:28And it's fascinating.
- 31:30It's just a reminder for anyone that hasn't less than
- 31:32raising the curve 60.
- 31:34Really.
- 31:36Well, and I think that comes back to the core of the curve,
- 31:38which is like money gives you,
- 31:40yes, it gives you fancy cars and nice handbags
- 31:42and allows you to go out to dinner.
- 31:44That's all great.
- 31:46And ultimately it gives you choice.
- 31:48It gives you choice.
- 31:50I think the situation of like,
- 31:52do you accept the $300,000 job that is solace
- 31:54and you'll hate or do you take the $100,000 job
- 31:56that you're going to love and enjoy and make great mates?
- 31:58It's really a case-by-case basis.
- 32:00And I don't have the answer for that
- 32:02because I think it's everyone's situation is different.
- 32:04But I will say like, for example,
- 32:06when I moved to New York City, I had this perception
- 32:08that not for profits paid badly.
- 32:10That's what I thought.
- 32:12I just kind of thought, if you work at a charity,
- 32:14you get paid shit.
- 32:16That's what I thought growing up in Australia.
- 32:18And my partner and some of my friends
- 32:20have worked for very, very large charities,
- 32:22very large not for profits in the United States.
- 32:24And turns out in the United States,
- 32:26they're competing with talent
- 32:28from top consulting firms, top tech firms.
- 32:30And so whilst you could definitely own more money
- 32:32elsewhere, the compensation at not for profits in America
- 32:34can be kind of amazing.
- 32:36Like, seriously, good pay.
- 32:38And so sometimes you have a perception
- 32:40that I have to take a lower paying job
- 32:42if I want to be happy.
- 32:44But actually, you need to talk to people
- 32:46and crowdsource continually and talk about your salary
- 32:48and talk about money and compensation
- 32:50because you may actually learn I could be almost
- 32:52as happy over there and they actually pay a lot better.
- 32:54You know what I mean?
- 32:56So I just think it's about keeping the conversation open
- 32:58and being transparent about money with friends,
- 33:00with family members, with people that you contrast
- 33:02so that we can start to break down those silos
- 33:04of what that has to look like.
- 33:06Yes, and I think actually that just
- 33:08kind of gave me a brainwave as well.
- 33:10It's like, if you really love
- 33:12particular part of your job,
- 33:14or you have skills, it's like,
- 33:16also, if you're not being compensated
- 33:18or you don't feel like you're being paid enough,
- 33:20whatever it is,
- 33:22that you start to look at how
- 33:24you can transfer some of those skills or enjoyment
- 33:26to be paid more because
- 33:28even if you, I mean, I know it's different
- 33:30if you're a brain surgeon, you know, you can't exactly
- 33:32transfer those skills.
- 33:34But just because you think
- 33:36you're siloed because your skillset,
- 33:38like maybe it's,
- 33:40the conversation thing is important because
- 33:42if you know what other people's jobs
- 33:44are and what they do and what they,
- 33:46I mean, so many of my friends, I didn't even understand
- 33:48really what they did until I sat down and asked questions
- 33:50and then you start realizing
- 33:52how actually easy it could be
- 33:54to jump into something slightly different
- 33:56that's better paid, you know, just,
- 33:58yeah, the research piece and the transparency
- 34:00I think is important because a lot of people
- 34:02feel stuck in,
- 34:04if I can't get a pay rise here,
- 34:06that's my only option, but it's just not the case.
- 34:08Well, and a lot of employers
- 34:10will condition you and gas like you
- 34:12so that you feel like you can't go
- 34:14anywhere else because they don't want you
- 34:16to go anywhere else, right? I mean, I don't know if you found this
- 34:18as a journalist, but in journalists
- 34:20and there's a lot of like, you should be so lucky to have a job
- 34:22and you're also lucky you're on TV and all this kind of stuff.
- 34:24You need media jobs, they're like
- 34:26because jobs in media are rare
- 34:28so they kind of make you feel like
- 34:30don't even think about it, like you're so lucky
- 34:32you're so lucky to have a job.
- 34:34People get working in the next day go back on your back.
- 34:36It's ridiculous.
- 34:38But so then you start to be conditioned
- 34:40because it's what you see and it's what's normalised
- 34:42and it's not until you step away and you go
- 34:44these skills are super transferable
- 34:46to entrepreneurship, to communications,
- 34:48to project management, to all of these other things
- 34:50to being achieved with staff
- 34:52and because it's like you see yourself
- 34:54from inside and other people see you from the outside.
- 34:58So you know, one thing that I do every year
- 35:00that your listeners may or may not be interested in
- 35:02is I actually kind of send like a 360 survey
- 35:04to about 20 people in my life.
- 35:06Maybe you'll be on the list next time.
- 35:08I'm not so much out.
- 35:10But I basically like ask people questions.
- 35:12I'm like, what do you think is my best quality?
- 35:14If you were me, how would you be spending 90%
- 35:16of my time?
- 35:18If I passed away, what would you miss most about me?
- 35:20Trying to get to the essence of like
- 35:22what is my zone of genius?
- 35:24And what makes me special and different and unique?
- 35:26Because when you understand that,
- 35:28that's what I should be doing more of.
- 35:30Because no one can replicate that.
- 35:32And I also ask constructive questions.
- 35:34I'm like, you know, where can I improve?
- 35:36Where can I be better?
- 35:38Like, what do you think?
- 35:40What habits do you think I should leave behind?
- 35:42Like, trying to understand like, because obviously
- 35:44hello, very not perfect over here.
- 35:46Got a lot to improve.
- 35:48You were the CEO of Petroker.
- 35:50What would you focus on?
- 35:52How do you think we could have a bigger impact for our community?
- 35:54Because like, I have ideas.
- 35:56But like, other people think so differently to me.
- 35:58And I want to tap into their brain.
- 36:00So that's something you can do from a career perspective too.
- 36:02Because you might be like, well, I'm an accountant.
- 36:04Or I work in sales.
- 36:06Or I work in tourism.
- 36:08How could I ever get into tech?
- 36:10Let me tell you, you could.
- 36:12Did you know that tech companies have events teams?
- 36:14And tech companies have like executive assistants.
- 36:16We do a lot of B2B work and workshops
- 36:18and leadership programs for big corporates.
- 36:20Some of my clients are, you know, they've got 20, 30,000 employees.
- 36:24They have full-time executive coaches who are on staff.
- 36:26They have people whose full-time job is to coach their executives
- 36:30to be better public speakers.
- 36:32Like, they get training every single week.
- 36:34Because they're representing the brand.
- 36:36Like, who even knew those jobs existed in big companies
- 36:38with equity and shares and amazing compensation?
- 36:40Like, there's jobs in like one of my friends he works in facilities
- 36:44for meta.
- 36:46And his whole job is to scope out new locations
- 36:48where they could open new offices.
- 36:50Like, I didn't even know that property,
- 36:52like if you worked in property, you could actually work at a tech company.
- 36:54Like, it's so random.
- 36:56But there's all these jobs that you don't even know about
- 36:58because we all live in our own little bubble.
- 37:00It's almost like you're trying to get people
- 37:02to find out what their value is.
- 37:04And then it's like a questionnaire to find value.
- 37:06And then from there, how can you then like milk your value
- 37:10or like make money through your value?
- 37:12And who wants to pay you for that value?
- 37:14Like, what is your...
- 37:16And this is the step of like, you know, know your value.
- 37:18Track your contribution and find your cheerleaders.
- 37:20And the first step is understanding your value.
- 37:22You should do your own analysis.
- 37:24I really recommend Gallup Strength Finders.
- 37:26I love 16personalities.com.
- 37:28It's free. All those things are really good.
- 37:30Those assessments are great.
- 37:32So you want to try to understand what that value is.
- 37:34Then crowdsource around you.
- 37:36And then tracking your contribution.
- 37:38Which is a big part of why we built the pep talker app.
- 37:40You're doing all of these meetings, all of these podcast recordings.
- 37:42Probably in three months time when you're having a spiral.
- 37:46I bet you're not going to remember any of this.
- 37:48And how hard you worked.
- 37:50So you've got to track that in the app or wherever you track it as you go
- 37:52so that you can reflect.
- 37:54Oh, that's genius.
- 37:56Yes. When you're having those downward spirals reflect on,
- 37:58I know I did make progress.
- 38:00I do have wins. This is a bad day.
- 38:02And tomorrow will be better.
- 38:04I think that's such an important thing to remember.
- 38:06Because there are times where you forget your value or what you're good at.
- 38:08And if you're preparing for a pay rise the day before you do it.
- 38:10Of course, you're never going to remember those things.
- 38:12If you're taking notes and keeping track of it throughout the year.
- 38:16Totally. Well, and that's kind of thing.
- 38:18If you can put something in this app once a week,
- 38:20you'll have 52 things at the end of the year.
- 38:22Even if you only do it once a month, that's like 12 things.
- 38:24And so it's one thing to walk into a conversation and ask for a pay increase
- 38:28and be prepared and stuff.
- 38:30And it's another thing to walk in with receipts.
- 38:32And be like, hey, Joanne.
- 38:34As you know, I've had a stellar year.
- 38:36In January, I increased our retention by 11%.
- 38:40In March, I closed that $2 million deal.
- 38:42Your recall in May, I started the intern program.
- 38:44And in September, I organized the team off-site.
- 38:48And also, you know, brought in for new clients.
- 38:50For that reason, I would love to discuss my compensation moving forward.
- 38:54And so all of a sudden, that's a very different proposition from saying,
- 38:58hey, Joanne, I've had such a good year.
- 39:00So fun. Like, what are you thinking next year for my pay?
- 39:02What about the people who don't think that they're adding a huge amount of value?
- 39:06Well, this is where the third step of really, like,
- 39:08surrounding yourself with cheerleaders is important, right?
- 39:10Because if you think that you have no value, I reckon maybe you're just having a bad day.
- 39:14Because if you have no value, you're probably going to get fired.
- 39:16That's the reality.
- 39:18As I said, like most companies, if you're working there,
- 39:20you're bringing contribution to some extent.
- 39:22It may or may not be monetary. It might be culture ad.
- 39:24It might be what systems.
- 39:26It might be internal institutional knowledge.
- 39:28Whatever it is, you're adding value.
- 39:30And normally, if you don't add value, you get fired.
- 39:32So if you're employed and listening to this,
- 39:34I'm going to say you probably add some value.
- 39:36Try and track your successes yourself.
- 39:38Ask trusted colleagues.
- 39:40So just as I ask for feedback on my character and my behavior as a leader,
- 39:44you can also ask your colleagues like who you love trust and respect.
- 39:48We got an email from a 32-year-old listener.
- 39:50She's working in sustainability in the UK.
- 39:52And she's basically wanting career advice.
- 39:56She's been in her office six months at a really massive company.
- 39:58She's earning about £42,000 a year.
- 40:00About £52,000 USD.
- 40:02She feels like behind financially,
- 40:04she's done like a chemical engineering,
- 40:06like master's degree.
- 40:08She's got six years of experience.
- 40:10She's obviously super like.
- 40:12Yeah.
- 40:14Basically, she's like,
- 40:16she's accidentally discovered internal salary banding,
- 40:18which is like basically saying that.
- 40:20Yeah.
- 40:22So she was initially considered for a pay rise at a higher range,
- 40:24but they offered her a lot of money.
- 40:26She feels like she's got limited progression,
- 40:28like opportunities in her current role,
- 40:30a toxic work culture contributing to burnout.
- 40:32She's torn between like pushing for the pay rise or planning to leave
- 40:36in the next year or two.
- 40:38She's frustrated with like the lack of transparency in the job.
- 40:42Like they don't have like key benefits like parental leave
- 40:44and career development and stuff,
- 40:46which so she feels like she can't really plan for her future.
- 40:48Yeah, okay.
- 40:50She's basically looking for a job.
- 40:52So she feels like she can't really plan for her future.
- 40:54Yeah, okay.
- 40:56She's basically looking for advice or guidance on like what salary
- 40:58she should aim for, how she should advocate for that pay rise.
- 41:00Yeah.
- 41:02Immediately, but also like whether or not
- 41:04she should just be looking for a new role.
- 41:06So two things on that.
- 41:08I think she knows the answer to this question,
- 41:10because she used the word toxic work culture.
- 41:12And if you think about like health as wealth,
- 41:14if you don't have your health, you really have nothing.
- 41:16So if you're in a toxic workplace,
- 41:18I would always encourage people to find a plan B
- 41:20in terms she could have a con candid conversation with them
- 41:22and say, hey, listen, this is what I've just got,
- 41:24because it's actually a legal as well potentially.
- 41:26If she's being paid less,
- 41:28if there's other folks of a different gender
- 41:30who are getting paid more,
- 41:32there's possible that she may actually have a legal case
- 41:34because she may or may not want to explore that.
- 41:36But yeah, if it's a toxic workplace,
- 41:38and if it's not feeding your soul in some way,
- 41:40then I would always say start looking for something else.
- 41:42You can stay there while you start job hunting
- 41:44and building a network to help you get out.
- 41:46The other question I know in the prep we were talking about,
- 41:48is trying to understand how do you find out about
- 41:50parental leave benefits and career benefits
- 41:52without making it obvious that you want to have a kid really soon.
- 41:54I always say to people,
- 41:56during the hiring process,
- 41:58I would love to see the contract,
- 42:00and would you mind sending me a copy of the employer handbook
- 42:02so I can get a real sense of the culture before I start?
- 42:04Because that way, you're basically asking to see
- 42:06all the extended benefits without asking specifically
- 42:08for maternity leave.
- 42:10Very good answer.
- 42:12I'm really sorry. I think we're going to have to wrap this up
- 42:14just because I'm getting kicked out of this room.
- 42:16We'll do this again.
- 42:18But do you know what I was thinking?
- 42:20Can we just quickly please plug pep talk her?
- 42:22Anything and everything that people can find.
- 42:24Well, we're on Instagram, pep talk her.
- 42:26I'm on LinkedIn, Maggie Palmer,
- 42:28so don't be strange to say hi.
- 42:30Tell me you love the podcast because I love it too.
- 42:32And then if you want more support,
- 42:34we've got a great freebiepeptalker.com forward slash pay me more.
- 42:36And it's like a workbook that you can just like work through on your own.
- 42:38And obviously there's the pep talker app to help you track all your wins.
- 42:40Think period tracker,
- 42:42but it tracks your career instead of your cycle.
- 42:44It's a good tagline.
- 42:46Yeah. Yeah. Love it.
- 42:48Great branding.
- 42:50Thank you so much, Maggie.
- 42:52Thanks.
- 42:54Let's get a drink.
- 42:56It's the lady kicking our sellers for me.
- 42:58Let's go get cocktails.
- 43:00Thank you so much for listening to Raisin the Curve.
- 43:02These conversations are designed to teach you everything you need to know
- 43:04to be better with your money,
- 43:06saving, investing, talking with your friends about your salaries
- 43:08or that stuff.
- 43:10And if you like what you heard,
- 43:12really make our week a month, they're here.
- 43:14Yeah. Yeah. So please do it.
- 43:16Okay. Love you. Bye.
- 43:18Okay, quickly the Curve was created to empower and educate you about investing,
- 43:22but we are not financial advisors.
- 43:24Our platform exists for educational purposes only,
- 43:26and it doesn't provide personalized investing advice for your individual needs
- 43:30and should not be relied upon to make an investment or financial decision.
- 43:34And always remember to do your own research before making any investment or financial decision.
- 43:38We're here for any knowledge and support you need,
- 43:40but the final call is always yours.
- 43:42And thanks for being here.
- 43:44You got this. Yeah. We know you got this.