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Wednesday, 24 May 2017

Closing the Wage Gap: 5 Salary Negotiation Tips Every Woman Should Use

Closing the Wage Gap: 5 Salary Negotiation Tips Every Woman Should Use


Nela Richardson, Redfin’s chief economist, shares advice for women on salary negotiation  
https://www.redfin.com/ 

Redfin's chief economist, Nela Richardson, has provided a guest blog for CareerEvolve.com.  In her blog post she offers us 5 Salary Negotiation Tips that all woman should use.  Her statement regarding negotiating for benefits beyond salary is a great reminder of work life balance and that sometimes having more vacation days or flexible hours is worth more than cash.  

I encourage you to read the blog post from Nela Richardson and comment on what negotiation tips you would also recommend.


It’s hard to know how much you should ask for before taking a job if you don’t know how much you’re worth to a company. You could sell yourself short if you walk into a salary negotiation unprepared and accept an offer for less than what someone with your experience is earning at other companies. Many women are still getting paid less than their male counterparts across all professions. According to the National Women’s Law Center, women would lose $418,800 over the course of a 40-year career based on today’s wage gap. But it’s not a hopeless situation. One way you can help close that gap is by negotiating for what you are worth, rather than just accepting an offer right off the bat.
Redfin chief economist Nela Richardson didn’t think she would ever be in that situation while working as a government economist, so she was caught by surprise when she learned a male coworker in the same position was getting paid over $60,000 more than she was!
That was a light-bulb moment for Nela and it changed the course of her career. So, what did she do? She made a plan and left her underpaid job to find one that paid her the amount she was worth. You have the most leverage when a company wants you, so always negotiate before you take a job.
Here are some tips from Nela for women about to head to the negotiation table:

Network

Knowledge is power. You should network to make connections with people in your field to get more information about the positions you are applying for. Go to events. Ask what companies are paying for certain positions. Networking with people in your industry will help you understand what a competitive wage is for someone in your position. You need to know what your market worth is in order to have the greatest negotiating power

Research It

In addition to  going to networking events, take your time to research different companies and the salaries they are offering. Use sites like Glassdoor and PayScale to find out what positions are worth in your area. You can use this information as leverage when heading into a salary negotiation meeting.

Be Realistic (But Don’t Sell Yourself Short)

You don’t want to ask for double what a company is offering, but you also shouldn’t settle for the bare minimum. There is always wiggle room. Ask for five to 10 percent more than the industry standard, but be prepared to explain WHY you are worth that much more. Maybe you have additional experience that would benefit the company, or you have a connection that makes you a more appealing candidate. Your company could regret hiring you if you ask for a lot more money, but can’t deliver on your promises. At the same time, a good company will value an employee who knows what they are worth, especially if they can deliver on the promises made during salary negotiations.

If the Employer Can’t Give You What You Want…

You have the MOST leverage in negotiations. There is a chance a company won’t be able to give you any more than what they are offering, but they might be able to give you a few extra vacation days or let you work from home once a week..There are things that can be important to you as a prospective employee other than money, but just make sure you get those other agreed-upon benefits in writing.
If the hiring manager says they can’t pay you what you’re asking, ask what you would need to do in the role to reach your desired salary. You could also request a guaranteed raise percentage annually or within a certain amount of time. Good employers will respect your drive.

Talk Career Ladder

A good company will value an employee’s vision for her personal career goals. Be sure to ask about the upward mobility in a company so you can envision what your future would look like if you decide to work for that company. You might not want to take the position if there isn’t much room to grow. An employer will appreciate a driven candidate who wants to turn their position into a career.
Let us know if these tips work for you!

Note:  the original post can be found at - https://www.redfin.com/blog/2017/05/closing-the-wage-gap-5-salary-negotiation-tips-every-woman-should-use.html

Saturday, 13 May 2017

9 Legit Master’s Degrees You Can Now Earn Completely Online

Over the past few years, MOOC (Massive Open Online Course) providers have focused on creating their own credentials. Some that you might have heard of include Udacity’s Nanodegrees or Coursera’s Specializations.
Another trend that has been slowly gaining momentum is the one in which MOOCs sometimes count toward official academic credit. Some credentials, like edX’s MicroMasters (which are offered by fourteen universities), can be used to earn a semester’s worth of academic credits towards an on-campus master’s degree. A detailed list of MOOCs that can be taken for credit can be found on Class Central here.

But the trend I want to talk about here is master’s degrees that you can take online, and which are offered by MOOC providers. The first MOOC-based degree was announced back in 2013. It took two years for the next one to be announced in 2015. But in the last year or so, seven more completely online master’s degrees have been announced by MOOC providers. If fact, Coursera plans to offer 20 such degrees by the end of 2019.
The advantage of MOOC-based master’s degrees is that many courses which are part of the degree are free to take. So you can preview a part of the content before committing to anything. Also, all of them are based on the pay as you go model; you only pay for the courses that you are currently taking. Some have the option to earn partial academic credits.
One thing to be aware is that each degree has its own application process (and deadlines), as well as minimum requirements like a bachelor’s degree or minimum work experience. Many require you to submit different standardized test scores, like GRE, GMAT, or TOEFL.
Without further delay, here are nine completely online master’s degrees that have been announced so far.

1.  Georgia Tech and Udacity: Online Master of Science in Computer Science

Announced Back in 2013, Udacity and Georgia Tech’s completely online Masters in Computer Science was the first degree announced by a MOOC provider. It was dubbed “OMSCS.” The entire degree was going to cost less than $7,000.
The tuition fee has since then increased from $402 per three-credit hour to $510.
Zvi Galil, Dean of Georgia Tech’s College of Computing, speaking to OMSCS students at an event (which I got to attend) organized by Udacity at SXSWedu.
Zvi Galil, Dean of Georgia Tech’s College of Computing, speaking to OMSCS students at an event (which I got to attend) organized by Udacity at SXSWedu.
Things were really slow at the beginning. It took two years before the first batch of eighteen students graduated in December 2015. A year later, in December 2016, around 200 students had graduated.
But the OMSCS is gaining momentum. There are now over 4,500 students enrolled in the spring 2017 semester.
You can find more details here: https://www.omscs.gatech.edu/

2. Georgia Tech and edX: Online Master of Science in Analytics

Building on the success of its OMSCS program, Georgia Tech has announced a second, similar program: Online Masters of Science In Analytics (OMS Analytics). According to Georgia Tech, the OMS Analytics will cost less than $10,000 and will be offered in August this year.
Three of Georgia Tech’s OMS Analytics foundational courses will form the Analytics: Essential Tools and Methods MicroMasters credential program on edx.org. It consists of three free online courses: Introduction to Analytics ModelingComputing for Data Analysis, and Data Analytics in Business. The first of these courses starts on May 14 2017.
The tuition fee will be $825 per three-credit hour course, and an additional $301 per academic term of enrollment. The first cohort will start in August 2017 and will be limited to 250 students. Applications opened on January 12, 2017.

3. University of Illinois and Coursera: Master of Business Administration (iMBA)

University of Illinois at Urbana–Champaign became Coursera’s first partner to announce a fully-fledged business degree with them. Announced back in 2015, the iMBA (as it’s called) costs around $22,000 and is designed to “help you achieve deep mastery of business strategy and leadership.”
Coursera’s degrees are built on top of Specializations, which are sequences of courses that amount to micro-credentials. These Specializations are open to anyone in the world, and as far I can tell the individual courses of these Specializations are free to audit.
According to Coursera, the iMBA program is heavily interactive, with live global classrooms, team projects, and personal contact with top professors.
You can find more details here: https://www.coursera.org/university-programs/imba

4. University of Illinois and Coursera: Master of Computer Science in Data Science (MCS-DS)

According to U.S. News & World Report, the University of Illinois is in the top five schools for Computer Science. So it’s a good thing that they launched a MS CS in Data Science.
MCS-DS costs less than $20k. Here is what the information page says about the program:
The MCS-DS builds expertise in four core areas of computer science: data visualization, machine learning, data mining and cloud computing, in addition to building valuable skill sets in statistics and information science with courses taught in collaboration with the University’s Statistics Department and iSchool (ranked #1 among Library and Information Studies Schools.)
Similar to iMBA, the MCS-DS consists of Specializations that are available for anyone to signup for everyone. Two of these Specializations, those on Data Visualization andCloud Computing, are already available.

5. University of Illinois and Coursera: Master of Science in Accounting (iMSA)

According to U.S. News & World Report, the University of Illinois’s on-campus accounting program (both undergrad and master’s degrees) is a top three program. The cost of the online program is an estimated $27.2k, making it the most expensive master’s degree offered by the University of Illinois on Coursera.
This iMSA was announced just last month, and applications for the first cohort are open now.
You can find more details here: https://www.coursera.org/university-programs/imsa

6. HEC Paris and Coursera: Master’s in Innovation and Entrepreneurship (OMIE)


HEC Paris became the second university to offer a masters program on Coursera. HEC Paris is one of Europe’s highest ranked business schools (#2 on the Financial Times’ rankings).
The online Master’s in Innovation and Entrepreneurship (OMIE), announced last month, costs €20,000. OMIE also includes a certificate program, which costs €5,000. The Certificate in Innovation Management and Entrepreneurship does not have an application process and is open to everyone. Once completed, it can be applied towards the full degree.

7. Deakin University and FutureLearn: Cyber Security

FutureLearn is a UK-based MOOC provider backed by The Open University. Last year FutureLearn announced that it will launch six post-graduate degrees in partnership with Australia’s Deakin University.
The certifications awarded by FutureLearn and Deakin University are: a graduate certificate, a graduate diploma, and a master’s degree. Of the five announced so far, three of them are available as a master’s degree.
Each degree will consist of up to sixteen FutureLearn Programs, which are similar to a Coursera Specialization or a Udacity Nanodegree. Most of the courses that are part of these degrees will have a fee attached, but there will be a few “taster courses” for each degree that are free.
The Cyber Security master’s degree will cost around £30k. Students will “gain knowledge from system security and digital forensics to analytics and organisational security.”

8. Deakin University and FutureLearn: Professional Practice: Information Technology

Here is a description of the degree on FutureLearn:
This degree recognises the discipline-based knowledge and skills developed by professionals in the workplace. This is coupled with employability skills that are validated and endorsed through a final holistic assessment. Upon the completion of this degree, graduates will possess advanced skills and complex knowledge in the discipline areas they have selected.
FutureLearn’s degrees haven’t launched yet, and complete details are still lacking. The pricing for this degree will be around £10.7k.

9. Deakin University and FutureLearn: Development and Humanitarian Action

This master’s degree has been developed in association with Save the Children. Here is a description of the degree on FutureLearn:
These degrees – developed in association with Save the Children – build a unique, global platform where development & humanitarian practitioners and academics can share knowledge and experience, with a focus on improving leadership, preparedness and response capacities to national and international emergencies and developmental issues.
This master’s degree consists of sixteen programs and costs around £24k.

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