An alarming Glassdoor survey found that more than half of Americans don’t negotiate their salaries. That means most people will continue working for the same pay, even as their value to the workplace and their experience increases. How can you teach your kids not to be afraid of asking for a raise?
Do some online research on how to ask for and negotiate raises. Then, share what you find with your kids. Set a negotiation time in the future and challenge them to come up with reasons why they deserve a raise in their allowance or chores. Lastly, conduct the negotiation with them as if you were an employer and make a decision on whether to bump up their allowance. You might be paying them more for the same chores, but they’ll have learned a lesson that will make them money for years to come.