Re:Why women should embrace a ‘good enough’ life
by gte910h on Tuesday April 23, 2013 @09:00PM
(#5598995)
> It is hard to believe that a significant percentage of pay gap between sexes is determined by negotiation skills
Don't shortchange the effects of compounding on those negotiations. Most raises of BOTH sexes are percentage based. But those percentages apply ALSO to the past gravy earned by negotiation. So 4k extra at 24 turns into 4,000 *(1.04)^26 (a hair over 11k) at age 50 from just negotiating that ONE time. And that's PER YEAR. And that doesn't take into effect FURTHER negotiations.
Now that's not to say it's the WHOLE story, but teach your children of both sexes to negotiate
Don't shortchange the effects of compounding on those negotiations. Most raises of BOTH sexes are percentage based. But those percentages apply ALSO to the past gravy earned by negotiation. So 4k extra at 24 turns into 4,000 *(1.04)^26 (a hair over 11k) at age 50 from just negotiating that ONE time. And that's PER YEAR. And that doesn't take into effect FURTHER negotiations.
Now that's not to say it's the WHOLE story, but teach your children of both sexes to negotiate