Men are more likely than women to ask for a raise. And as a result, many women are leaving money on the table.
“Unfortunately, for a whole bunch of different reasons we do so at significantly lower rates,” says Sallie Krawcheck, the CEO of women-led digital investing platform Ellevest on a new episode of MAKERS Money.
Presently, women in the U.S. face a gender pay gap where they make 80 percent of what men make for doing the same job, and it’s even less for many women of color.
Women should be encouraged to make the ask because they’ll likely get that raise. A recent study by the Ellevate Network found that 75% of respondents received a pay bump when they requested it.
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