Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
All trains traveling in and out of New York Penn Station have been halted because of an Amtrak overhead wire issue, New Jersey Transit said Wednesday.Transportationread more
This just might be Fed Chair Jerome Powell's toughest meeting yet because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
Facebook has given us plenty of reasons to quit, including a new report that talks about the disgusting working conditions of a company it uses to employ contractors, named...Technologyread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
Tesla shares are nearing Morgan Stanley's price target but the firm isn't sure how to tell investors to value Elon Musk's company.Investingread more
Singer Ed Sheeran is on track to break the record for the highest-grossing concert tour ever, The Wall Street Journal reported Wednesday.Entertainmentread more
Companies are increasingly willing to pay for employees to go to the doctor. Uber is partnering with Grand Rounds, a start-up that sells into the employer channel, to make it...Technologyread more
The #MeToo Moment — the flood of sexual harassment scandals that began when Hollywood film producer Harvey Weinstein was accused of assaulting more than 80 women — has brought some pleasant surprises to Lisa Gates, the co-founder of a consulting and training company for professional women called She Negotiates.
Amid the headlines, one of Gate's clients, a human resources director, grew increasingly bothered by the fact that she was being vastly underpaid. (She had researched average salaries for her position).
"She went to her boss and said, 'Here's everything I've done for you, and this is the market value for someone like me'," Gates said. "She got her confidence because of the environment being ripe for the conversation."
"He doubled her salary on the spot," Gates said.
As the conversation about sexual harassment gets louder, women are also bringing up the pay gap — to their bosses, according to experts.
"Women are saying not only is sexual harassment not okay in the workplace, but neither is the disrespect of unequal compensation," said Victoria Pynchon, another co-founder of She Negotiates.
Women earn around 80 percent of what men do — and the gap grows wider as the positions get higher. For example, women managers make 77 percent of what men managers make. As a result, women can earn almost half a million dollars less than men throughout their career.
Kate Bronfenbrenner, director of labor education research at Cornell University, said women have been more likely than men to organize in unions and report grievances in the workplace since at the least the 1980s (when data collection on this began).
It's people's tolerances for discrimination that is at an all-time low.
"That's what the MeToo movement has done," Bronfenbrenner said. "The public isn't going to want to hear that corporations are paying based on race and gender. "
Here are some steps you should take to navigate your way to a pay increase in the #MeToo Moment.
The first step to getting a raise is showing you deserve one. Many clients at She Negotiates complain that their male colleagues speak over them at presentations or take over a project that they'd both been assigned to work on.
"It's not harassment," Gates said. "It's the winnowing away of opportunity."
In these cases, you should speak to your co-worker about the problem.
Gates gave an example of what you could say if a male co-worker cut you off in a meeting. Rather than point your finger, she said, ask "diagnostic, reporter questions."
"Hey, I noticed in the meeting today that you interrupted me and took over my pieces of the presentation," she recommends saying. "What was going on in your mind?"
This way the onus will be on your co-worker to provide you with an explanation — one that you can address and then leave him with fewer reasons to do it again.
Bronfenbrenner at Cornell said that women can also band together at the job and discuss problems with co-workers or bosses as a group.
To bring "authority to your ask" for a raise, keep a record of everything you've contributed to the company, said She Negotiates' Gates.
For example, the human resources manager who doubled her salary came equipped to her meeting with Excel spreadsheets, which detailed all of the quantifiable differences she'd made at the company.
Gates said some clients bring charts into their meeting, showing how profits or customers clearly rose (or complaints fell) as a result of their efforts.
Also research what other people with your title are making.
"Know your market value," Gates said.
"Get the men to tell you what they make," she said. "You'll find people are willing to talk to you." (Some men might want to know if they're suffering from a pay unbalance, she said, due to something such as favoritism.)
When you're done with your survey, plug the information into a spreadsheet, Bronfenbrenner said. "You don't have to get all the workers, you can do a random sampling," she said. "And if the random sampling shows bias, you take it to the employer."
As your meeting with your boss approaches, make a list of all the topics you'd like to talk about, such as your title, salary, vacation days, etc.
"You want to have things to play with," she said. For example, if your boss won't meet you fully on your salary request, you can ask for more vacation days.
Gates at She Negotiates recommends women prepare and memorize a script. Start off with a quick rundown of what you plan to address, then move into an opening statement and finally make your requests.
Prepare for any possible objections your boss might have, Gates said, with a pivot that takes it into account. If your boss insists he can't raise your salary, dig for a reason.
"Instead of turning pale and saying 'Okay,' say, 'I'm curious, what's behind your decision?'" Gates said. "Don't accept ambiguity."
More from Personal Finance:
Now may be your best shot to get a raise, thanks to corporate tax cuts
Trump's budget calls for six weeks' paid family leave. What it will cost you
Here's what you lose if you join the gig economy