April 2nd is Equal Pay Day for Women. We know that all women do not make the same for some of the same jobs--but if we keep negotiating and asking, our hope is to get closer to dismantling the wage gap. Recently, Payscale.com released a report and the discrepancy in pay as it pertains to women of color was simultaneously heartbreaking yet not not surprising. Check out their comprehensive report here.
Did you know that our CEO, Minda Harts, has a podcast? It's called Secure The Seat, and is in its second season. Secure the Seat is about women of color in the workplace — what does it take to secure a seat at the table, and once you do, how can you bring others along with you?
Recognizing the well-documented reasons why women often fail to negotiate – after having been guilty of a few myself – I continue to seek resources to mitigate my fear of negotiating. The best resource I have found to date: female mentors. Due in no small part to my mentors, I have been able to embrace my role in correcting these negotiation-failure trends early in my career. I’d like to share the following story with you as an example of how you, too, can empower and support your fellow female professionals.
As our accountant friends know all too well, tax season is upon us! Many of us dread this time of year, but for others they know that refund check is headed their way.
When I was right out of college, I remember getting my refund check and not knowing what to do with myself. Twenty something me was so excited for all this "free money" (I didn't know better), but I had no plan or strategy in place for what to do with it. So I’d do my happy money dance and throw the money into a savings account, thinking I was being so practical.
By definition, the word *invisible* means unable to be seen, or not visible to the eye.
As a black woman in the workplace, there have been times I have been made to feel invisible. Growing up, so many of us are told we need to work twice as hard to get half as much.
When I heard this 80 cents number thrown around (research has suggested that women make an average of 80 cents for every dollar a white male makes), I was upset. The more I heard it, though, the more infuriated I became, because it doesn't tell the whole story: this number does not take into account that the average for women of color is often much lower! Women of color need to be included in the salary gap conversation. Point, blank, period!
Today has been designated as **[Black Women’s Equal Pay Day]**. The wage gap is a persistent issues that harms women, the ones they lov
“Women aren’t afraid of money, we have to learn how to establish a new relationship with it. Money is sexy.”
A colleague said this to me once, and I couldn’t agree more, sister! It’s important to empower women around financial literacy. Last week, we told you how to start investing. In the final part of our series, we want to share 8 terms every woman should know once you’re ready to start investing.
I used to be one of those people who thought I could never invest because I wasn’t rich. After reading several investment books, I quickly realized that I was completely wrong. You don’t have to be rich to invest at all. The only thing you need is patience and a little self-control, and luckily, both of those don’t cost a thing! I started investing with less than $100. If you feel broke now, it’s a good bet you don’t want to feel the same way 20 years from now.
Here are some things that helped me along the way...
Do you have enough money saved for your future #goals? If the answer is no, or if you aren’t really sure, you aren’t alone -- just 45% of the 62 million working women (aged 21-64) in the U.S. participate in a retirement plan. Women are more likely to do part-time work that doesn’t come with a retirement plan. We also earn less on average, and leave the workforce at a higher rate to care for small children or aging relatives.
Especially if you’re young, you may think that savings and retirement planning is something for “Future You” to worry about. However, the best time to start saving is now!
With this in mind, we asked women: **What is something you wish you knew sooner about saving?**
Have you ever been afraid to ask for something? Maybe it was a small thing: like borrowing a cup of sugar from a neighbor, or asking a friend to take you to the airport. I hate asking other people for things. Unless I absolutely need something, I won’t ask (and even then, I’d still lean towards not asking).
Then one day, I found out you could (and should) ask for more at work. This, of course, can go two ways: 1) Ask for more work and responsibility, or 2) Ask for more money. Have you tried either one?
The end of summer is approaching, but there’s still time to get in some productive summer-reading! Here are a few titles that will help you get ahead in your career and life, or might simply help you to unwind.
Unclutter Your Life in One Week by Erin Rooney Doland
The end of summer signifies back-to-school for students and teachers, and back to the office for others. As a student, I feel especially disorganized right now! I have to finish everything that I put off all summer, and reorganize before I get back to my classes. Doland’s book will help you tackle the “physical, mental, and systemic distractions” in your life. Erin Rooney Doland has a website, unclutterer.com, where she runs a blog about staying organized.