What is the biggest mistake women make when negotiating?

Ask An Expert

What is the biggest mistake women make when negotiating?

Joann North

Answered By

Kathleen Burns Kingsbury

Money Mindset Coach at KBK Wealth Connection

kbk@breakingmoneysilence.com

Question:

What is the biggest mistake women make when negotiating?

Answer:

Next to not asking for a raise or a higher fee, women (and men too!) often fail to be curious and ask open-ended questions during a negotiation. This can be caused by nerves and/or overly focusing on one’s own needs without considering what the other person or party’s interests are.

To rectify this, write down a list of questions before the negotiation conversation begins. Take some time to consider what is important to your negotiation partner. This dialogue helps build rapport and also provides you with valuable data.

Here are some curious questions to consider:
– What are your goals for your business or the team going forward?
– How do you see my role in achieving these objectives?
– What would make this negotiation a success for you?

Add to this list based on your individual circumstances. Want to know more about how to negotiate effectively, consider signing up for our free negotiation tips today.

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Negotiating Your Worth In The Workplace with Jen Pestikas

Our guest this week is the incredible Jen Pestikas, a financial services executive, leadership coach for women and host of the podcast Brave Women at Work. We had the pleasure of meeting Jen through social media and we’re so glad that we did. She joins us today to discuss negotiating your worth in the workplace and why this is such an essential skill for women to harness.

In our conversation, Jen shares her personal journey and highlights the societal factors that often deter women from negotiating their worth. We’ll hear some success stories of her coaching sessions and learn practical strategies to strengthen the negotiation muscle, set empowering baselines, and confidently navigate conversations about compensation, promotions, and more. Whether you’re entering a new job or seeking a promotion, this episode equips you with script tips and insights to tackle these conversations head-on.

 

Here’s some of what we discuss in this episode:

 

  • Why do many women find negotiation challenging?
  • The impact of not negotiating on the gender pay gap
  • Strengthening the negotiation muscle + some of Jen’s client success stories
  • Defining your baseline, understanding your worth, and confidently navigating financial conversations
  • Beyond salary, what other aspects should women consider when negotiating in the workplace?

 

Learn a little more about Jen:

 

Jen Pestikas knows first-hand what it is like to start from the bottom and work her way to the top in her career. Jen started as a bank teller in the financial services industry and over the last 20 years, she moved up the ladder to be the Senior Vice President of Business Development for a Chicago land banking institution. Jen understands what soft and hard skills are needed to make significant leaps in your career, including mindset work, asking for what you want, interviewing skills, negotiation skills, presentation skills and more.

Jen is now leveraging her experience to help her clients clarify what they want to do, identify obstacles, and take bold and brave action to achieve their goals without sacrificing their health and happiness.

 

Episode Links:

 

Where you can find Jen:

https://bravewomenatwork.com/

Your Burnout Proof Career Plan

https://bravewomenatwork.com/burnout-proof-career-plan-workshop/

Brave Women at Work Podcast

https://bravewomenatwork.com/blog/

75 Things You Can Negotiate Article

https://worthmorestrategies.com/our-1-most-popular-post-75-things-you-can-negotiate/

Jen on Linkedin

https://www.linkedin.com/in/jenniferpestikas/