Negotiating a pay rise in 2022 with Meggie Palmer
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What are the key reasons to negotiate a pay rise in 2022?
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Today's guest is Meggie Palmer, an Aussie expat and former foreign correspondent who launched a company called Pep Talk Her, which is on a mission to close the gender pay gap. Meggie, thank you so much for joining me on the Australian Finance Podcast today.
It's a pleasure, Kay. I'm excited.
And we're talking about a fantastic topic that I think has gone under the radar a little bit the last two years because we're all just being grateful to have a job during COVID, which is salary negotiation, especially as we head into a brand new year.
Yeah, definitely. And I think it's one of those things, you know, a lot of people during the pandemic had to take pay cuts, right. Or, you know, were unfortunately in a position where they lost their job, had their hours reduced. So figuring out how to navigate that during times of economic uncertainty is really important for sure.
Now, you're really passionate about helping close that gender pay gap and helping professionals like many of our listeners with getting pay rises, promotions and finding financial security.
How can tracking your achievements help in salary negotiations?
Before we dive into some of the more practical examples of actually getting a pay rise in your workplace, are you able to talk about some of the high level solutions to this pay gap problem, which we can contribute to?
Yes, I think the first thing is a lot of people think, oh, the gender pay gap, you know, it's a nice thing. We should close it. That's sort of like the moral right thing to do. But the reality is that if you're a capitalist, if you have superannuation, if you have a retirement account, if you're an investor like you and I, Kate, you should be in favor of closing the gender pay gap. It doesn't matter if you're male or female, however you identify, you should be in favor of it if you are a capitalist, right? Because we know from data and research that actually when we close the gender pay gap, GDP, gross domestic product, is actually going to go up. We know that when we have more women on the executive, we know that net profit goes up, which is a good thing for shareholders.
Right. So I think I just want to kind of dispel the idea that this is like a woman's problem and this is just like the right thing to do. And it'd be nice to do. The reason that, you know, ASX 200 companies, Fortune 1000 companies who we work with,
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Chapters
8 chapters
1
What are the key reasons to negotiate a pay rise in 2022?
0:00–2:43
2
How can tracking your achievements help in salary negotiations?
2:43–5:31
3
What are the 'wish, want, and walk' numbers in salary negotiations?
5:31–10:20
4
What strategies can help prepare for a salary negotiation?
10:20–12:49
5
How should you handle a negative response during negotiations?
12:49–15:13
6
What non-monetary benefits can you negotiate for?
15:13–17:36
7
How does gender play a role in salary negotiations?
17:36–20:45
8
What final advice does the guest offer for negotiating a pay rise?
20:45–35:31
Speakers
3 identifiedMore from Australian Finance Podcast
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