So you've made it to the final round of those job interviews, and now they're talking money. You get excited at this point, especially because it's your dream job working for your dream company. You've beaten out the competition, and you're now meeting senior managers who make the final decision.
This can seem a bit intimidating since you really want the job, and these are key people you have to impress. Well, just remember, they need you, too. You're talented, skilled, and trained to do the job, so they aren't doing you a favor. It's business. And in that vein, you have to put on your business cap and start asking a few important money questions before even considering accepting a job offer.
I was once gaslit by a company to simply accept less money for more work, and I learned this lesson the hard way: Don't ever just accept a job simply because it's a power move. The money needs to be right, too, and you deserve it. Here are a few questions you should ask during your next job interview process to be sure you and your potential employer are on the same page:
1. "What final compensation range are you all offering for this position?"
First, please don't jump to answer this question if an interviewer asks this at the start of the interview. Kindly state that you'd like to know more about what the position entails and their expectations of you in order to give a sound and fair answer about compensation. When you do ask, be sure to use the words "range of compensation" when talking about salary versus saying, "What's the pay for this position?" There's tact needed and you want to be careful of the tone.
Get them to reiterate the salary range throughout the process so that you can be sure what they're offering is the same as the first round or other conversations you might have had with recruiters or managers along the way. And when reading the offer letter, make sure what was agreed upon (down to specifics about the hours and work that compensation covers) is clearly indicated and aligned.
If you're a newbie to the industry, just graduated college, or you're transitioning into a new career, this is still important because, again, you're still the prize. You'll need to be realistic and reasonable when it comes to your starting pay, but speak up and advocate for yourself in order to be more strategic about what you accept. This could affect your salary potential, quality of life, and work-life balance down the line. Sometimes, when you accept too low of a salary at the onset, it can be hard to get more from that same company later, even when promoted.
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2. "How are raises calculated, and when are they typically given?"
This is a very important question because you don't want to be stuck at a company that doesn't actually compensate their employees for growth and good work. Again, it's business. If the company is thriving and you've had a hand in that, you should be compensated. Find out details on their policies in order to make sure they align with your long-term goals as the ambitious, talented leader that you are.
Companies have various ways of rewarding their employees, so if that particular company's way is okay with you, move forward. If not, ask about incorporating accommodations for you in your hiring contract if your work experience and resume reflect a need for that.
3. "What are the guidelines related to bonuses and how are those given?"
This question can be very industry-specific (i.e., sales, retail, manufacturing, finance, IT), so if it doesn't apply to the industry you're in, you can skip this one. If it does, you definitely need to get the details on when, how, and how much. What factors affect quarterly, bi-annual, or annual bonuses?
The difference between a bonus and a raise is that bonuses, in some cases, are offered based on overall company performance, not an employee's.
There are performance-based bonuses as well, which work a bit differently from raises. A raise would be a long-term increase in your salary, while a bonus is a one-time incentive or addition to those funds. So, someone might, for example, get a 10% raise and a yearly bonus on top of that.
Just be sure you know what's what when it comes to this and consider how this factor might make or break meeting your financial goals, the type of work you do (and how), or the nature of the work you do (and how you're compensated for it.)
4. "What retirement fund options are available and does the company match any contributions?
If you're in your late 20s or early 30s, you might be thinking, "I'm too young to be worried about retirement savings," but take it from a so-called "geriatric millennial," you're not. Saving up for retirement is a must, and trust me, my 401K saved me in a clutch 10 years after I'd been mindlessly putting money away in it and had forgotten my company still had it. (And yes, there was a penalty for withdrawing from it early, but that's not the point. It truly was an emergency at the time.)
Some companies stopped matching contributions to 401Ks when recessions hit, but today, many have gone back to normal, offering matches on the funds that you put away via your paycheck.
Sometimes, companies won't match because they can't financially afford to, especially when it's a startup or a company that just isn't doing well financially. Keep this in mind when you're listening to their answer to this question.
Don't wait until the offer is signed to ask about this. Get the information you need now and be empowered to save up for your future. Even if the salary and other benefits are great and you want to take the job simply for those factors, at least you'll know what you need to do if the company doesn't offer retirement savings options.
5. "What is the process for compensation for overtime or work done outside the contracted work hours?"
Y'all, this one is key. Some company leaders will try to hit you with the okey-doke on this one, so stay vigilant and aware. I don't care what industry you're in or what position you're applying for. Get a clear understanding of their overtime policy before accepting the job. There's a lot written and talked about when it comes to burnout, and while we love being superwomen who can do multiple things well, we need to have a balanced approach to boundaries in the workplace.
You might not want to ask for money for every little extra task you do to get your job done. But you certainly don't want to be in the awkward position of coming back to your manager, after the fact, asking to be paid overtime for 20 hours of extra work you've done, only to find out the company does not offer it.
You also don't want to be taken advantage of simply because you don't know that your manager has you working extra hours, illegally or against company policy, without compensation (or even without the correct amount of compensation.)
And there's little to no guilt, at least for me, to say "No, respectfully, I cannot," when I know extra hours are being requested (or when a project requires a substantial number of additional hours) but I'm not going to be paid for it. It's against my contract or against policy. So, no, thank you.
I've made this mistake myself, many times, especially as a self-employed professional who did not initially set boundaries on this at the onset. I now have a sense of mental sanity and peace---as well as financial freedom not laced with resentment, burnout, and check-to-check drama--knowing I'm a stickler on asking this question at the onset before signing any contracts.
6. "What are the details of your standard benefits package?"
This is tied to money because it impacts your out-of-pocket expenses after you've been paid. So, it's vital to ask this one. The benefits that the company offers save you money, time, and stress in the long run, so be sure to consider all factors before saying yes to an offer. Do you need childcare? Do you need to work remote to do your best work or have time flexibility? Do you need more prescription drug coverage for a long-term illness you're managing? Are you caring for an elderly parent?
Are the insurance providers accessible and applicable to your healthcare providers? Is there a technology stipend to cover the technology or wifi you're using to do your work from home? Do they offer coverage, programs, partnerships, or discounts for wellness, counseling, or reproductive health?
Don't explicitly ask the potential employer the above questions, but keep them in mind for yourself when taking in all the information they're giving you about benefits. These are all things to consider when it comes to benefits, your money, and the quality of life you'd like to have when taking on a new professional role. Be sure you're advocating for yourself by asking the money questions that will provide answers for protecting your well-being and your future.
And if an interviewer seems a bit rude, off, vague, uninformed, or dismissive in answering the above, very standard, inquiries, consider interviewing elsewhere or accepting offers at companies that value the above and are equipped to handle a qualified, innovative, magnificent creature such as yourself.
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Exclusive: Dreka Gates Talks Farm Life, Self-Mastery, And Her Wellness Brand
Dreka Gates is making a name in wellness through authenticity and innovativeness. Although we were introduced to her as a music manager for her husband, Kevin Gates, she has now carved out her own lane outside of music as a wellness entrepreneur. But according to Dreka, this is nothing new.
In an xoNecole exclusive, the mom of two opened up about many things, including starting her wellness journey at 13 years old. However, a near-death experience during a procedure at 20 made her start taking her health more seriously.
“There's so many different levels, and now, I'm in a space of just integrating all of this good stuff that I've learned just about just being human, you know?” Dreka tells us. “So it's also fun because it's like a journey of self-discovery and self-mastery. That's what I call it. So it's never-ending.”
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If you follow Dreka, then you’re familiar with her holistic lifestyle, as she’s no stranger to promoting wellness, self-care, and holistic living. She even lives part-time on a Mississippi farm, not far from her grandmother and great-grandmother’s farm, where she spent some summers as a child.
While her grandmother and great-grandmother have passed on, Dreka reflects on that time in her life and how having a farm as an adult is her getting back to her roots. “So the farm was purchased back in 2017, and it was like, ah, that'll just be a place where we go when we're not touring or whatever,” she said.
“But COVID hit, and I was there, and I was on the land, and I just started remembering back to going to my grandmother's during the summertime and freaking picking peas and going and eating mulberries off the freaking tree in the bushes.
“And she literally had cotton plants. I know some people feel weird about picking cotton and stuff. She had cotton plants and I would go and pick cotton out of her garden. And she had chickens, and I literally just broke down in tears one day when I was on the farm just doing all the things, and I'm like, ‘Oh my gosh. I'm literally getting back to my roots.”
"I literally just broke down in tears one day when I was on the farm just doing all the things, and I'm like, ‘Oh my gosh. I'm literally getting back to my roots."
You can catch glimpses of Dreka’s farm life on Instagram, which shows her picking fruit and vegetables and loving on her animals like her camel Eessa. Her passion for growing and cultivating led her to try and grow all of her ingredients for her wellness brand, Dreka Wellness. However, she quickly realized that she might be biting off more than she could chew. But that didn’t stop her from fulfilling her vision.
Watch below as Dreka talks more about her business, her wellness tips, breaking toxic cycles, becoming a doula, and more.
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Muni Long Opens Up About Domestic Violence: ‘You Don't Expect The Love Of Your Life To Turn Into Your Enemy’
Since leaving songwriting full-time to pursue her dream of being a singer, Muni Long has seen mainstream success. Her song “Hrs & Hrs” went viral during the pandemic and won her a Grammy, and since then, she has had everyone singing, “Twin, where have you been?” which are the lyrics to her song “Made For Me."
But while her star was rising, she was battling hardships in her personal life. In August, Muni released her new album, Revenge, and during her visit to The Terrell Show, she opened up about what inspired her recent music, particularly her song “Revenge."
“One song that just evokes a lot of emotion is the title track, “Revenge,” because I talk about some domestic violence there in the bridge. And I don't think a lot of people understand, like, I've been through a lot, and I just don't talk about it,” she revealed.
When asked how faith played a role during this turbulent time in her life, she shared how it was difficult as she was often told to just pray. “I’mma just say this, a lot of times, organized religion and old-school thinking will have you in bondage to some very misogynistic beliefs and ideals. And so a man can do wrong a million times, and you should forgive him because that is the blank thing to do, right? It's the right thing to do. It's the Christian thing to do, it's the feminine thing to do, it's the wife thing to do, right?” She explained.
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“But what about all this stress and drama and all that whatever, and him knocking me upside my [head?] How much of that should I take before a grown-up realizes that I'm out of control and I need to get help? There's only so much you can do for somebody who doesn't see the error in their ways. I was a little bit embarrassed that it was happening to me.
She continued, “I present myself as this very strong [person,] which I am, but when you got somebody that's like 200 pounds coming at you, it's nothing you can do. Yeah, you want to leave. They follow you. It's very, very nasty. I don't wish it on anyone. It's not that I didn't want to leave, but the way that my life was set up, you don't expect the love of your life to turn into your enemy.”
The mother of one made a plan, which included becoming a successful singer as a way to finally leave. Because, as she said, “I just knew, like, no one's coming to save you. It was me who walked down aisle, so I'm gonna have to figure out how to get up out of this.”
Back in 2022, the “Ruined Me” singer revealed she had lupus, and in 2023, she shared that she was autistic and that repressing her autism led to her having lupus. While talking to Terrell, she said she hasn’t had any flair-ups since leaving her relationship. If you or you know someone dealing with domestic violence, call the National Domestic Violence Hotline at (800)-799-7233 or text START to 88788.