Listen "Why you should care about salary negotiations"
Episode Synopsis
In this episode, Dr. Toyosi Onwuemene discusses the surprising perspectives of early-career faculty on salary. After a recent coaching session in which salary was ranked as the least important factor in choosing an academic position, Dr. Onwuemene dives deep into the reasons why salary plays a critical role in career success and sustainability.Key Points:Salary Reflects Value: Whether or not you equate salary with your personal value, institutions often do. The pay you receive signals how much your work is valued.Sustainability: Earning enough to meet personal and professional needs, such as childcare or student loan repayments, ensures you’re not distracted from your core academic work.Opportunities for Growth: A higher salary can support your continued professional development, allowing you to attend conferences, invest in training, and pursue career-enhancing opportunities.Flexibility: Financial freedom enables more personal and professional flexibility, from taking vacations to managing unexpected expenses.Compensation for Effort: When your your salary matches the time and effort you put into your academic role, you’re not under-compensated.Equity and Negotiation: Negotiation is an essential skill. Understanding expected salaries for your role allows you to advocate for fair pay, particularly in the face of gender and racial pay disparities.Long-Term Financial Health: Starting with a good salary impacts your long-term financial future, from investments to retirement savings.Final Thoughts: While salary may not always be top of mind for early-career faculty, it plays a fundamental role in your ability to thrive both personally and professionally. Ensuring you're fairly compensated means you’ll have the resources you need for career sustainability and growth. Don’t miss out on future episodes! Follow the Clinician Researcher Podcast for more insights on navigating academic medicine and research.
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