Know Your Worth With Adrian Granzella Larssen




Listen Money Matters - Free your inner financial badass. This is not your father's boring personal finance show. show

Summary: Are you being paid what you’re worth? How can you find out what you’re worth? None of us deserve to be undervalued so we will tell you how to know your worth with Adrian Granzella Larssen.<br> Do you think you are being paid what you’re worth? How do you know what your position is worth? Adrian Granzella Larssen from the Muse is here to discuss getting what you’re worth.<br> Know Your Worth<br> Many people accept a job offer or a raise without knowing what kind of salary or increase their position commands. We don’t like to talk about money, but there are plenty of places to research salaries in your position and your geographic area. Sites like<a href="http://salary.com/"> Salary.com</a>, <a href="https://www.glassdoor.com/Salaries/index.htm">Glassdoor.com</a>, and <a href="http://www.payscale.com/">PayScale.com</a> let you see what other’s in similar positions are earning.<br> Get What You’re Worth<br> Great, now you know what you should be getting paid, how do you convince your company to pay that? Many companies don’t give automatic raises like they used to so if you want more money, you’re going to have to ask for it. We did a terrific <a href="https://www.listenmoneymatters.com/salary-negotiation-tips/">episode</a> on how to negotiate.<br> It’s not enough to ask for a raise. You have to be able to back it up. Why should you get a raise? It’s our responsibility to keep a running file of reasons; new skills we’ve learned, additional tasks we’ve taken on, compliments we’ve received from co-workers and clients. Many of us were raised not to sing our own praises, but that doesn’t apply when you’re asking for more money.<br> While you need to be armed with information from your side of the equation, you should know how your company is doing too. If the company has just closed down some offices and laid off employees, now is not the time to ask. Ask when things are good. You’re part of the reason things are good, and you have a right to ask for a share of the success.<br> Break the Stigma<br> A big reason we don’t know how much we’re worth is that there is such a stigma when it comes to talking about any aspect of money but mainly about salary. It’s understandable because our society places a lot of value on how much people earn. The more you earn, the better you are so no one wants to admit they don’t make a lot of money.<br> It takes some finesse to bring the subject of salary up, but it’s the best way to know if you’re being paid fairly. Do it over drinks! In vino veritas. Start subtly, don’t just go in for the kill. Ask if they keep a budget, if so, what tools do they use? Do they like <a href="https://www.listenmoneymatters.com/go/mint/">Mint</a> or <a href="https://www.listenmoneymatters.com/go/ynab/">YNAB</a> better? Ask what percent their last raise was, not a dollar amount.<br> The more information you have, the better but even talking to one person is better than nothing.<br> You’re Already Getting What You’re Worth<br> You did your research, and it turns out, you are being paid what you should be. What now? Money isn’t the only thing worth negotiating for and sometimes not even the most valuable. What else do you want? To work from home occasionally, to condense your 40 hours into four rather than five days, so you have an extra day off, more vacation time, a higher match percent for your 401k?<br> All of these things are negotiable too and time is often more scarce than money so if you can’t get more money, ask for more time.<br> Do you want a higher position in the company? Talk to people in that position both inside and outside your current company. What skills should you start acquiring? Start doing the job you want before you actually get the job.<br> You’re Fired<br>