As the #BossInHeels, my personal mission is to empower women to run the world by showing them how to own their unique strengths to achieve success. Consequently, I developed my own website, heathermonahan.com, which is dedicated to providing insight into how women can succeed in business - and in life - through what I refer to as the ‘Monahan Method.’ I launched this social media initiative to motivate, inspire and teach women how to get ahead, and as a result, I have mentored various women and continue to work with these mentees monthly.
With over twenty years of experience in the corporate world, my tireless passion and hard-won wisdom has enabled me to be able to speak to other women with sage, firsthand experience. Additionally, as a single mother, I deeply empathize with the multitude of demands that women must meet every day. Transparency around my struggles as a single mom, my own life challenges and successes, allows me to connect with women, celebrate their attributes and teach them to leverage these traits in their favor. My goal is to inspire women to embrace their inner powerhouse so they too, may be unstoppable. Even if this means having to take a cue from our male counterparts here and there.
The reason I say this is because as someone who has decades of experience as a hiring manager, I have come to realize that there are several differences between how men and women approach asking for a raise and what universally works.
I have observed countless men and women position themselves for a raise and in every instance - either the employee sold the organization on why they deserved the raise - or the company sold them on why they couldn’t receive a raise at that time (usually told to women more often than not). But, don't despair, there's still hope, as outlined below.
Timing Is Everything
Mars' Money vs Venus' Money
1. Men are confident that what they are asking for is justified and they see asking for a raise simply as a formality. Women on the other hand are typically more unsure - and at times - even apologetic for asking for a raise at all.
2. Men typically take the position that their achievements speak for themselves and warrant the raise. Women typically are more easily talked into why it is not the right time for the company to give out the raise. Therefore, men are more focused on themselves, while women focus more on the company perspective.
3. Men come across much more bullish when asking for a raise which shows confidence. Women come across much more subtle in their approach which can be interpreted as insecure or unsure.
In closing, while there is a vast disparity between males and females on average when it comes to asking for a raise, the top differences listed above are ones that women should mimic and take into account for their own fiscal benefit.
Photo Credit: afewgoodclicks.com
In 2016, Renee Wang sold her home in Bejing for $500,000 to fund her company, CastBox. Two months later, she landed her first investment. Just a half hour after hearing her pitch, she was offered one million dollars. By mid-2017, CastBox raised a total of $16 million in funding. CastBox's user numbers at that point? Seven million. Fast forward to today. Renee Wang of CastBox announces a $13.5 million Series B round of financing, bringing her funding total to a tidy $29 million. CastBox is now serving more than 15 million users.