Barbara Corcoran, the 74-year-old multimillionaire known for her real estate success, has shared a valuable strategy for securing a raise at work, even in situations where it appears there’s no budget for it. Corcoran, whose career began with launching her own real estate office in her early twenties and has since accumulated an estimated net worth of $100 million, turned to TikTok to offer advice to employees seeking better compensation. With over 1.1 million followers, she encouraged individuals to assertively request a raise, especially if they’ve taken on additional responsibilities in their roles.
In a video clip posted on the platform, which has garnered over 27,000 views, the Shark Tank entrepreneur outlined her approach. She emphasized that if an employee has expanded their responsibilities beyond what was initially expected when they were hired, they have a valid case for a raise. Barbara Corcoran then provided a step-by-step guide on how to approach this conversation with one’s boss. She advised setting up a meeting with the boss and bringing a list of the new responsibilities undertaken, effectively demonstrating why a raise is warranted.
Furthermore, Corcoran cautioned against accepting the response that there’s “no budget” for a raise. She asserted that the money exists somewhere within the organization and encouraged individuals to persist in advocating for fair compensation.
The comments section of her TikTok video was filled with praise for her advice, with many users expressing gratitude for her valuable insights. Some shared their own experiences and echoed the importance of standing up for fair compensation in the workplace.
World News