Talking about money isn’t always easy – especially when you’re at work. It sometimes seems like there is an unspoken rule preventing co-workers from discussing money, and it can be difficult to initiate those conversations even when you want to have them. However, discussing money matters like salaries, raises and expense reports doesn’t have to be painful. There are plenty of strategies you can use to navigate these conversations and ensure that they go smoothly.
If you are considering discussing money with someone in your workplace, read on or skip to the infographic below to learn how to navigate tough money conversations.
Why are Money Conversations at Work Important?
Talking about money at work is important for a few different reasons. You will likely have to negotiate raises with your employer throughout your career, and discussing salaries with your coworkers can help ensure that you are all being paid fairly. Discussing raises also gives you the opportunity to highlight your contributions to the company. If you are considering pursuing future promotion opportunities, bringing your skills and work ethic to the table now could make your life easier down the road.
How to Initiate Money Conversations with Employers
Approaching your boss to discuss raises or fair pay can feel intimidating. To make it easier, try choosing a time when your boss isn’t in the middle of a meeting or another task. You’ll also want to make sure you come prepared. To do this, prepare talking points in advance and compile a list of reasons you deserve the pay you are asking for. If you have a history of subpar work performance, it could be difficult to find the evidence to support your request.
How to Initiate Money Conversations with Coworkers
Discussing salaries with coworkers can feel unnatural, but it is a great way to promote workplace transparency and can help minimize the risk of discrimination. When approaching these conversations, just remember that a person’s salary can be a sensitive topic that involves a lot of emotions. To avoid offending your coworker, you should remain respectful and avoid gossip. Be sure to focus on the numbers and be prepared to explain why the conversation benefits both you and your coworker. If you only focus on yourself, your coworker might be less willing to talk. Money conversations in the workplace don’t have to be painful. If you are looking to talk about money with your boss or coworkers, check out the infographic below to learn how you can personalize your conversation to achieve the best results.
