How can pay transparency make a difference for women

How can pay transparency make a difference for womenHow can pay transparency make a difference for womenIts well known that women still deal with apay gap relative to men. But some employers are moving toward addressing the issue a new way by opening the payroll books.Gwen Moran atFast Companywrites, There are many reasons that we should be more open about moneyearning it, spending it, and managing it.And while employers may be afraid of tough conversations as a result of salary transparency, it may also hold unexpected benefits for companies.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and morePay transparency can drive equitable workplacesI spoke to Moran to share factors that might be contributing to this controversial trend.A public vow.Itswell establishedthat a womans resume is valued less than that of a man (even when experience and educationare identical). Companies who talk a big game about paying women fairly should open their books. Then, they can use that momentum to systematically close wage gaps. By being transparent about everyones pay, these companies make an implied pledge. After all, theyre now answerable to any pay disparities. And that commitment can be an attractive enticement for current women employees to stay on board. It can also be a competitive advantage for those considering working for your company.Pay Transparency can right-size peoples expectations.Pay transparency gives a person an important context about not just their own salary but what others around them make. Considering that43% of people feel they are underpaid today, opening your payroll could serve to correct misconceptions. It can also calm peoples fears that they are undervalued. This kind of transparency can simultaneously boost engagement and productivity at work. Thats important because a key driver of our engagement is how valued we feel.Sunlight is the best disinfectant.Many of t he worst problems that have plagued companies corruption, misleading customers, unethical conduct have come at the hands of secretive cultures. As consultants whoassess corporate cultures, pay transparency sends a strong message to employees about the companys level of fairness and openness. Implementing salary transparency has the potential to create a sea change in your workplace that allows for more open dialogue particularly about prickly, hard-to-discuss issues. Not to mention improved cooperation among employees and a higher bar on using impartial, objective data to make your case, rather than relying on whats subjective or arbitrary.Read the Fast Company article, including the key factors that make us shy away from talking about money and yet plenty of good reasons why we should anyway.This article originally appeared on Be Leaderly.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people

Independent Sales Representative Career Overview

Independent schlussverkauf Representative Career OverviewIndependent abverkauf Representative Career OverviewFor those mavericks who prefer to set their schedules and who like the control of deciding what products or services to sell and which do not, Independent Sales may be for them. Being an Independent Sales Representative takes self-discipline, effective time management skills and requires a lot of hard work. For those who prefer to be on their own and are willing to pay the price, Independent Sales may be the perfect career. Day in the Life of an Independent Sales Representative While most independent sales professionals have a boss or a company with expectations about when they need to should show up to work and how much activity is expected on any given day, Independent Sales Representatives often set their rules, expectations, and schedule. With all this freedom, youd be tempted to think that Independent Representative only work a few hours a day and have plenty of free time. unterstellung perceptions only apply to those who dont last too long as an Independent Sales Representative. The successful reps usually work long hours that often stretch into the weekends and holidays. They are masters of time management and devote many hours and energy to learning everything there is to learn about the product or service they represent. In other words, Independent Sales Representatives who are successful are the hardest working reps in the selling field. The Rewards As hard as successful Independent Sales Representatives work, many would think that the only possible reward would be a high income. And while Independent Sales Representatives can, and often do earn a substantial income, the true rewards are the same as those experienced by entrepreneurs. Self-confidence in abundance, self-trust and reliance and, in most cases, an expansive professional network are just a few of the benefits that have a positive impact on many life areas. Types of Indepe ndent Sales Representative Positions Like Manufacturers Representatives, Independent Sales Representatives seek out businesses who either need to augment their sales force and are willing to outsource sales or already are active believers in outsourcing sales and marketing. Software developers are one of the most common companies that contract with Independent Sales, but positions can be found in many industries. When searching for a company to represent, you should avoid those with an existing sales force and focus mora on small businesses, start-ups and businesses whose home (or only) office is located outside of the United States. Compensation If you are expecting a base salary, you are looking for the wrong type of sales position. An overwhelming majority of independent sales positions are 100% commission based. That means that you only get paid when you sell something. Since the company you represent does not have to pay you a salary, cover your benefits, pay you for time off or pay any governmental or state employment fees, they are more willing to pay a higher percentage of gross profit to you. Commission plans that pay out between 30 and 60% are common in independent positions. The whole trick is to find a product or service that can be sold with substantial profit margins since that is usually the only way you will get paid. Things to Consider Many get into Independent Sales due to an inability to find a position as a salaried employee. These representatives usually only stay in the independent ranks until they find employment. But for those who choose independent sales, or for those consider an independent sales representative position, there are several factors that need to be considered. One is retirement and the fact that you will need to manage and contribute to your retirement plan. Another factor is health insurance. While there are countless insurance plans for Independent Representatives to choose from, these plans are often very ex pensive and cut directly into whatever commission you earn. Lastly, Independent Sales Representatives should consider how they will create a healthy work-life balance. With no set or guaranteed salary and relying completely on commission earned from sales, Independent Sales Representatives are typical workaholics. And while loving your job is important to your general well-being, time away from work is equally important.

Being Boss podcast hosts on the key to bootstrapping your business

Being Boss podcast hosts on the key to bootstrapping your businessBeing Boss podcast hosts on the key to bootstrapping your businessGot a side hustle? Even a little one? But do you dream of turning it into your full-time gig someday? Or maybe you are freelance or aspire to be?