Negotiating for a Raise with Renee Nguyen

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Financially Naked

Business


Our Trainer Mike Poulin is joined by his client, Renee Nguyen, who decided to join The Gym after graduating law school and wanting to get her finances in order. After doing some research and talking to her coworkers, she realized she wasn’t making as much as her peers. She talked to Mike about negotiating her salary and the 2 of them came up with some tactics she could use to negotiate for a raise. She went on some interviews to get an idea of salary range for her position in her city and that’s where she found the most compelling numbers. She spoke to attorneys about what their associates made at the three-to-five year timeframe, and she heard it over and over. Renee scheduled a meeting to talk to her boss about her salary when she had an offer from another company. If she got a no, she had a backup plan and that gave her confidence. Renee asked about a performance evaluation and she didn’t say anything about the other offer. She received glowing reviews, but she got the idea that a raise wasn’t going to happen. A week later, she put in her notice and her firm asked her to stay and they met the offer. She realized her worth and value to the firm was what another firm was willing to pay her. Renee stayed with her firm and she continued to keep her options open. Some of the interviews she had gone on before panned out months later and she eventually took a better offer with another firm. February 11, 2021 is AAPI (American Asian Pacific Islander) Equal Pay Day. It marks how many more days AAPI women need to work to make up their pay compared to what their white male counterparts made in 2020.