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Women & Negotiations Interagency Committee of State Employed Women January 16, 2018 Presenter: Michele Zukerberg

Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

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Page 1: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Women & Negotiations Interagency Committee of State Employed Women

January 16, 2018

Presenter: Michele Zukerberg

Page 2: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Negotiation

Negotiation (defined): Doing business. Discussion aimed at reaching agreement.

Page 3: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

What about you?

¤  Who taught you to negotiate?

Page 4: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Women & Negotiations

§ Women can’t win (competence vs. likeability tradeoff)

§ Women don’t ask

§ Women still face salary disparity

§ Women have to negotiate the deal aswell as the stereotype

Page 5: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Competence vs. Likeability Tradeoff

¤  HOWARD ROIZEN

¤  Cofounded a successful tech company

¤  An Executive at Apple

¤  Venture Capitalist

¤  Member of Board of Directors at >3 prestigious companies

¤  Extensively networked in Silicon Valley

¤  Friends with Bill Gates and Steve Jobs

Page 6: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Women Don’t Ask

¤ Not being liked by colleagues

¤ Appearing pushy or bossy

¤ Not feeling like they deserve more than the offer given (low sense of personal entitlement).

Studies show that in salary negotiations for MBA graduates only 7% of women who received an offer attempted to negotiate as opposed to 57% of men. (Babcock and Laschever, 2007)

Why don’t women ask?

Page 7: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Source: Institute for Women’s Policy and Research

Salary Disparity

Page 8: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Source: Institute for Women’s Policy and Research

Page 9: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Source: Institute for Women’s Policy and Research

Page 10: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Navigating stereotypes (Cognitive biases or short cuts)

¤  Stereotyping & Stereotype Threat

Page 11: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Stereotyping

Page 12: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Implicit Bias –Implicit Association Test

Page 13: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Implicit Bias (IAT Results)

0

5

10

15

20

25

30

35

Strong M Moderate M Slight M No Preference Slight F Moderate F Strong F

% IAT OVERALL % women and negotiations class participants

% o

f To

tal R

esp

ond

ent

s

Implicit Associations of Gender-Career IAT Survey Respondents by Percent

Page 14: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

90.0%

FY 16 % Female Employees by State Executive Branch Agencies

*State of Washington = 51.9 % DNR = 29% * State of Washington numbers reflect all Executive Branch agencies, not just those agencies included in this report (with the exception of those measures identified as agency tracked)

Page 15: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Leigh Thompson 2015 Kellogg School of Management Northwestern University

https://www.youtube.com/watch?v=JBc-3gyW2vY

Top Salary Negotiation Tips for Women: YouTube Video

Page 16: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Salary Negotiation Tips for Women

1.  Research and plan your opening offer (it determines final outcome).

2.  Initiate negotiations. Assume everything is negotiable.

3.  Know your market value.

4.  Visualize your constituency.

Source: Leigh Thompson, Kellogg School of Management, Northwestern University 2015

Page 17: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Women & Negotiations

§  Women can’t win (competence vs. likeability)

§  Women don’t ask

§  Women still face salary disparity

§  Women have to negotiate the deal as well as the stereotype

Page 18: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

What meaning do you make of this?

What is your experience with women don’t ask, salary disparity, competence vs. likeability tradeoff and navigating stereotypes?

Page 19: Women & Negotiations€¦ · Salary Negotiation Tips for Women 1. Research and plan your opening offer (it determines final outcome). 2. Initiate negotiations. Assume everything is

Women & Negotiations

Interagency Committee of State Employed Women January 16, 2018

Presenter: Michele Zukerberg