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Sick of Earning Less than Your Male Counterparts?

Learn how to bridge the gender wage gap
 already!

Before we start talking about how women can start bridging the pay gap, it’s important to understand why men earn more. 

As a headhunter who has been in the industry for over 22 years, I believe the explanation is simple. There are a number of theories and factors –such as experience – at play when considering how much someone makes. But for women, the pay gap doesn’t start as they progress in their careers and gain more experience; it exists from day one of working life. The simple explanation for this phenomenon is that men ask for raises more often than women.

If you’re looking to bridge the pay gap within your own company, there are some steps you can take to encourage your staff members to be proactive about asking for higher salaries at regular intervals throughout their careers: train managers on how best to handle salary negotiations and create an environment where pay is openly discussed.

Last year, a study by Lean In and McKinsey & Company found that women are less likely to ask for pay raises than men because they don’t want to come across as pushy or overbearing. The most telling statistic from the report revealed that while seven out of ten male employees have asked for a raise at some point in their careers, only six out of ten females did the same. So, if men are getting paid more simply because they are asking for more money, this means that if women start overcoming the fear of being perceived as pushy or overbearing, then the gap can start to shrink.

The question here is: why are women less likely to demand a pay raise? 

What is it that makes women less likely to ask for what they want? It simply boils down to self-confidence and finding their own voice. As a life coach, I can safely say that women generally have less self-worth and self-confidence then men – and that results in asking for less. Women are more likely to wait to be promoted than ask for a promotion and are more likely to wait for a pay raise than ask for it. On the other hand, men are far more likely to ask for more and say that they need more. 

What can women do to get paid more?

  1. Ask for the pay raise. This sounds simple, but can actually cause anxiety for a lot of women. A way to get over this could be to e-mail a request to HR or your hiring manager. 
  2. Speak to your line manager. Ask what needs to be done in your appraisal to be in line for the next promotion or pay raise – that way, you are paving the way to bridging the gap. 
  3. Use your voice more. Start speaking up in different areas in your life so that you can start feeling more comfortable asking for what you want at work. The more you use your voice and stick up for yourself, the more likely you are to ask for what you want. 

As a group, us women need to encourage each other to speak up. Rather than putting each other down, we should start building each other up and supporting each other’s businesses and work. We are all responsible for creating this change and it starts with you, me, and us. If I can build confidence in myself and voice my needs and desires, then I can help other women do the sameat work. Be the bold change that we all want to create. Go out there and voice what you want and ask for the money you deserve!

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Unlocking Prosperity: Three Fundamental Money Principles for Abundant Living

Wealth Unveiled: Prosperity Principles

Money affects every part of our lives. It can bring joy and security, but it can also bring stress and worry. As women, we tend to have a different relationships with money. One thing is certain though: We all want to live a life of abundance and prosperity. Here are some “Money Principles” are not just theoretical concepts, but practical guidelines that can and should be applied in our daily lives to manage our finances effectively. Let’s create a positive relationship with money.

Understanding the dynamics of money and how it works is the first step towards achieving financial prosperity. Firstly, money, in itself, is not the end goal, but a means to an end. It is a tool that can provide us with the resources we need to live a fulfilling life. However, without the right knowledge and understanding, money mismanaged can be a huge blow to our dreams and sustainability. Therefore, it is crucial to learn and understand these fundamental money principles.

The Importance of Money Principles

Money principles serve as a guide for our financial decisions and actions. It’s about creating a framework for managing our finances effectively and responsibly and help us make informed decisions that align with our financial goals and values.

Its imperative we develop a healthy relationship with money. Instead of viewing money as a source of stress or worry, we can see it as a tool without our emotional involvement. Once we remove anger, fear, lack and other negative feelings from the equation, a shift is created in our energy field. This shift in perspective can have a profound impact on our financial well-being and overall quality of life. It can help us overcome financial challenges, achieve our financial goals, and live a life of abundance and prosperity.

The Three Fundamental Money Principles

Principle 1: Spend Less Than You Earn

This may seem like an obvious principle, but it is one that many people struggle with. As of today, we are an out-and-out consumer-driven society. This is an easy trap for anyone to fall into leading to overspending and living beyond their means. This is how one gets sucked into financial stress and debt, hindering our ability to live a life of abundance. It is therefore crucial to develop the discipline to spend less than we earn and live within our means.

The first step to implementing this principle is to create a budget. This involves tracking your income and expenses and setting limits for your spending. It may require making sacrifices and cutting back on unnecessary expenses, but it is crucial for living within your means and avoiding debt. A budget not only helps us control our spending but also gives us a clear picture of our financial situation, enabling us to make informed financial decisions.

Another important aspect of this principle is to save and invest wisely. By setting aside a portion of your income for savings and investments, you are not only preparing for the future but also creating a safety net for unexpected expenses. This can also help you achieve long-term financial goals, such as buying a house or retiring comfortably. Think about building wealth over time.

Principle 2: Give Generously

What goes out must come in! True prosperity is not just about accumulating wealth, but also about sharing it and using it to improve the lives of others. We are not talking about just giving to charity, but also being generous with our time, talents, and resources. It encourages us to share what we have with others and use our resources to make a positive impact in the world.

Giving generously not only benefits others but also brings blessings and abundance into our own lives. It helps us cultivate a mindset of abundance and gratitude, and reminds us that we have more than enough to share with others. By giving generously, we also contribute to creating a more just and equitable society, which ultimately benefits everyone. Give that tip to your hairdresser, sponsor a kid, help out a local charity in UAE.

Principle 3: Seek Wisdom and Guidance

The final fundamental money principle is to seek wisdom and guidance when it comes to managing our finances. This can involve seeking advice from financial experts in the UAE, reading books and articles on personal finance, or even seeking guidance from religious or spiritual leaders. This principle encourages us to continuously learn and grow in our understanding of money and financial management.

When we learn from the experiences and knowledge of others it also helps us stay accountable and motivated in our financial journey.

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