Tuesday, September 26, 2017

The Best Tactics For Working Your Way Up Toward An Awesome Salary

Making money on your own is always going to be a challenge. If you don’t fancy taking the leap toward entrepreneurship, then why not consider a career move that could see you earning six figures or beyond? Staying in paid employment also offers benefits you might not have when you’re self-employed. Contribution pensions, paid annual leave, and bank holidays at home with your family certainly provide a lot of security. But can a job make you rich enough to stick with it?

Perhaps a job isn’t as highly regarded as owning your own business. But the security it offers better guarantees your income. As the owner of a company, you would set your own salary. In the beginning, you might not make it to five figures, let only six or more. Of course, you might have the potential to take it all the way, or at least as far as you want to.

Plan It Out

What you need is a plan. A set of tactics to ensure you are paid your worth in a job can help the most ambitious employee make it all the way to the top. Start with your skills and education. Could these be refined and improved? As a minimum, you should consider a masters degree. Don’t worry, you don’t need to quit your job and go back to school. Choosing an online Master of Arts degree gives you the freedom to study and work simultaneously. Best of all, you can keep your further studies secret for now if you like.

Profiles & Advice

The next thing to do is keep notes. Create a portfolio of all the projects you’ve contributed to. These might be from this role or previous jobs you’ve held. Summarize these on your profile at LinkedIn. This social media platform is still considered the best way to be headhunted. LinkedIn can also recommend peers and potential employers from the details in your profile.

Use your portfolio to determine how far up the ladder you can go already. Add your education to the mix. You might want to speak to a careers advisor or use online references to see where you should be placing yourself today. Chances are you might be recommended to apply for a promotion. Check in with your manager or HR department. Are there any opportunities coming up soon?

If the answer is no, you can always create opportunities. Where is your company heading, and what can you contribute to get there? If you’re proposing a new role that you can fill, you will probably need some statistics and data to back up your proposal. Offer a couple of options but strongly recommend the one that benefits the business most keenly.

Of course, the answer might still be no. It might be a good time to start job hunting! What is your end goal? Knowing where you want to take your career might determine which companies and roles you apply for now. Do you want to spend some time as a senior manager before pushing for director or partner position? Check the role you take can move you in that direction.

Get The Experience They Want

Perhaps all of these moves are things you want to think about in the future? Perhaps you’re not ready to make them just yet? There are still plenty of things you can be doing in the meantime. Volunteer to work on as many projects as you can. Even if you have a relatively minor role, there is plenty of experience to be gained. And it’s all good stuff for that portfolio! Perhaps you can also volunteer for projects outside of work? Are there any community projects happening? Check your local FaceBook groups.

A good portfolio details graphically what you did and what you achieved. Bullet-point the key details that summarize your involvement. Don’t forget to clarify the value of the project and the end result. You can publish this online at your own website, or even on social media. Ensure you have permission to publish material that affects your company though.

Volunteering for lots of projects also gives you a lot of opportunities to network with people. They might have some influence on your career. If nothing else, they might be able to offer recommendations or good feedback on LinkedIn. Be sure to develop good relationships that can be maintained. You want to listen and remember. After all, you can’t expect people to give you help in your career if you’re not caring for the relationship. Perhaps you can help them out too?

Negotiate

Negotiating for a top salary is never easy, but that doesn’t mean you can’t achieve a good figure with some haggling. If you can clarify the financial benefits to the business of hiring you for that role, you’ll be better positioned to argue a good case for yourself. Do your homework here. Make sure you’re fully aware of current salary bandings for the role you’re taking on. If you think you’re worth even more, you will need to have something more to offer.


Perhaps you will be responsible for more subordinates? Or maybe your role is in the public eye? Will you be handling very large budgets? Which of these things might push your salary up and into the next bracket? Of course, with more money comes more work, more responsibility, and more pressure. Is the cash really worth it, or are you just after the prestige of the title?

Is It The Right Time For You?

We would all love to make more money, but we’re not all in the right place to do so. If you have a family to care for, you might not be keen on taking on the heavy workload of a director position right now. That doesn’t mean you can’t lay the groundwork, priming yourself for that move when it is the right time. Are you willing to work hard now for a financial reward later? Perhaps this approach makes you better suited to entrepreneurship after all?

Education and experience go hand in hand when you want to earn a bigger income. Have a plan of action, and keep your education and experience detailed in a portfolio. You never know who might want to read it!



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