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HerMoney with Jean Chatzky

Ep 337: How to Negotiate Fearlessly

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.71.5K Ratings

🗓️ 21 September 2022

⏱️ 47 minutes

🧾️ Download transcript

Summary

Women face systemic challenges when it comes to negotiations in the workplace, but we also often don’t realize our inner strengths. All of us have the power to be great negotiators, and we don’t have to pretend to be tough while doing it, either. Wharton negotiation professor Mori Taheripour joins us to discuss the misconceptions people have about negotiations, and shows us how we can succeed more by being collaborative and true to ourselves. In Mailbag, we answer questions about creating a nest egg for your child and reopening a divorce case from years ago. And in Thrive, how to make your money last in retirement. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an AirWave Media Podcast.

0:04.0

If you're saying yes to everybody but yourself over time, you burn out, over time you start

0:12.4

resenting those people, not only will you start feeling sort of less of yourself, right?

0:18.0

You're coming into this world, you're arriving at these conversations drained, literally.

0:23.2

But that sense of resentment also starts impacting relationships.

0:27.0

So the very same relationship you want to protect, you're actually debilitating.

0:35.2

You probably have a solid plan for retirement, but you still might be wondering,

0:40.3

did I miss something? Is there something more I can do right now to secure my future?

0:46.6

It's time to find out. Visit planefb.com slash her money to schedule a free

0:52.0

appointment with an advisor today. Hey everyone, I'm Jean Chatsky, thank you so much for joining

0:57.8

us today on her money. Okay, I want you to do me a favor. I want you to picture in your head

1:06.6

what a good negotiator looks like. What comes to mind? Maybe somebody tall, imposing,

1:13.7

who knows how to command a room and demand what they want, or maybe you think of somebody who

1:19.4

doesn't compromise and isn't afraid to walk away from a deal. And maybe, just maybe the person

1:27.0

you're imagining is a man. Many women don't often behave like the intimidating negotiators of

1:37.1

our imaginations. The words aggressive and demanding aren't necessarily adjectives we want

1:44.4

applied to us. And research from the Harvard Kennedy School shows that women who negotiate

1:50.4

their salaries are already seen as less likable, less hireable, less likely to be promoted than

1:59.7

men who do the exact same thing. Knowing that, it's no surprise that women are less likely than men

2:07.2

to negotiate our salaries in the first place. But we can't just give up on negotiating.

2:13.3

We still earn just 83 cents for every dollar a man makes. And that's on average. The gap is much

2:20.7

wider for women of color. Negotiating for more pay is one of the most direct ways that we can work

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