Many people think that in order to make more money, they must get a raise. This isn’t always true. You can increase your earning potential by showcasing your talents, and acquiring a few more. This will leverage your worth and allow you to move up the career ladder. Here are a few steps from Bankrate.com that may help you collect a bigger paycheck.
1. Don’t Fall Behind
Industries are constantly changing, and while everyone is strapped for time, try to budget some toward continuing to educate yourself. Advance your career by staying ahead of the changes.
2. If Possible, Stay a Step Ahead
If you think your job might be eliminated or outsourced, don’t wait around just to be sure. A job search takes seven to eight weeks to get going from a cold start, according to Bankrate.com. Waiting will not make the situation better, and may make it harder for you to reach your earning potential.
3. Make Yourself an Expert
Find an area in your company where there is a knowledge gap, and become the resident expert. If you are the first resource on the job for this kind of expert knowledge, your employers will definitely notice and this will boost your earning potential.
4. Be Different
In order to show that you’re the right candidate for the job, you should differentiate yourself from other applicants. Anything you can do to differentiate your resume from every other applicant’s is a huge help. Learn a language, earn a higher degree or list your leadership accomplishments.
5. Remember, Change is the Only Constant
Today people change jobs every four or five years, and industries at least a few times during their career, according to Bankrate.com. Assume that you will do the same, and begin to plan for a possible change a year or two in advance. Brush up on any skills, training or education a move upward might require.
6. Become a Thought Leader or Industry Role Model
Investigate associations and networking groups that are specific to the industry you’re interested in. If necessary, update certificates, credentials and advanced degrees to strengthen your industry experience. Certain industries have higher earning potential than others, so focus on those with a higher possible income.
7. Stay Focused at Work
Once you’ve decided to leave a job, it’s easy to just check out mentally. Mistake. Instead, this is when you want to be at your best. Stay on top of industry developments, news and trends. Network with your contacts. Keep your skills sharp with continuing education or additional certification. Continue adding to the skills that will make you valuable at your job and in the job market.
8. Don’t Let Your Career Take Over
Sports, hobbies and community service are great opportunities to market yourself professionally, but even more importantly, they’re better for you personally. Don’t become trapped by the long hours in the office, your career is not the only important thing in your life.
If you want to increase your earning potential, there are a few simple ways to do it. If you’ve tried all these ideas but are still not making enough money, contact us today. We can help you find a new job, or show you more strategies to earn more where you are. Menlo Partners Staffing, general & administrative recruiting experts for small to mid-size employers in Silicon Valley.
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