No matter how good you feel about it, do not boast, act on or go to press about a deal you just made (business, employment or otherwise) until the first check goes through. I learned this in Hollywood and continue to stand behind it as I make deals or watch deals unfold around me. You can never completely guarantee a deal will go through until it actually goes through. You can make a serious fool out of yourself by jumping the gun, making public announcements or spending money you don’t have. Better to keep your mouth shut and fingers crossed until fiction becomes fact.
How much are you worth? How much money do you deserve to make? The only official frame of reference for that question is minimum wage. And I’m pretty sure you’re worth more than that.
But how much more? The average person is not comfortable discussing income with others. And some companies require employees to keep salaries confidential, for fear they might expect more, do less or leave for better. But why not hold our bosses accountable? We should share our numbers – at the very least with peers of the same age and industry – to frame how well we are being compensated for our work.
Getting paid more than peers? Great, appreciate your job more. Getting paid less? If you think you deserve the difference, knowing your friends make more should boost your confidence to ask for a raise or better negotiate future offers.
Aside from union stipulations, Hollywood is all over the map with compensation. Talented harder-working people can make as little as $100 per day while entitled fools make $5,000 per day filling the same position. And you wonder why Hollywood is wrought with ego?
Know where you fit. Earn what you deserve.