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Article #43: 8 Ways To Boost Your Salary

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Studies show that job satisfaction rises expanding your circle, and getting your
with an employee's salary. It's a simple name out.
equation: The more money you make, the Tell the Boss: "Have you met our
more valued you'll feel. supplier's new assistant? You should grab
Money can't buy happiness, but proof that lunch with us today, I'll introduce you."
you're important at work can be very The Bottom Line: A powerful network can
important both in and away from the put you in touch with different people
office. A low salary could be the biggest and skills, increasing your own value.
reason why you're unsatisfied at work, 5. Use Your Experience
but there are a number of things you can In the journal Training, Jeff Barbian
do to increase your worth. reports that workers with 13 or more
1. Watch Your Benefits years' experience can expect to earn 33%
Many employees are still reeling from the more than their coworkers with less than
layoff scares of the 1990s. However, some three years of experience. If you've been
reasons behind layoffs and low pay health with one company for a while, you have a
care insurance benefits, for example, powerful bargaining chip towards a better
have since changed. According to an paycheck. If you're new to the company or
article in U.S. News & World Report, the field, however, you can still use the
"since 1995, the spread of managed care, experience you have to your advantage. A
plus other cost-containment measures, has familiarity with machines or computer
freed up dough that otherwise would have programs at work could make you an
been consumed by health care inflation." appealing trainer for new hires, earning
Ask your HR department for the numbers on you more respect and an argument for a
health care and pension plans from the raise.
past ten years. Sometimes, employers are Tell the Boss: "Let me give James the
willing to pass the savings on to their tour--I'll show him how to un-jam that
experienced employees. printer that's giving you trouble."
Tell the Boss: "Since the new insurance The Bottom Line: Experience can be
plan raised my deductible, I need a measured in more ways than years.
dependable way to cover the difference." 6. Go Where You're Needed
The Bottom Line: If your salary hasn't A recent survey in Network World found
changed since the Clinton administration, that employees often benefit from "job
but your benefit package has, asking for hopping," or quitting one job in favor of
a raise shouldn't put your job in one with more benefits or higher pay. IT
jeopardy. professionals loyal to their company made
2. Take On Responsibility an average of $74,010 a year, while job
Even small tasks can make a difference in hoppers averaged $85,200. More employees
your value as an employee. If you're the are keeping their eyes on the classifieds
only one in the office who can operate even if they are somewhat satisfied with
the projection machine or maintain the their jobs, and enjoying the rewards for
company website, you'll be a leader among doing the same work in a new office.
your coworkers and an asset to your boss. Tell the Boss: "I want to be on board
Employers appreciate a willingness to with a company that values its employees,
volunteer, and a list of your unique and I've heard great things about your
abilities can be a benefit to you at a team."
performance evaluation. Of course, the The Bottom Line: If you're ready to
more training you have in the field, the change your routine, a new job in the
more likely you'll be able to handle new same field can be a challenge and a
tasks and technology. reward.
Tell the Boss: "We could organize this 7. Change Your Scenery
paperwork into an Excel file pretty Your location can mean a big difference
easily. Do you want me to set up a in the money you bring home. According to
template?" Salary.com, human resources managers
The Bottom Line: If you have the time and making $77,885 in Des Moines, Iowa, might
knowledge, a new task can both challenge average $80,967 in Syracuse, New York, or
and benefit you. $83,477 in Portland, Oregon. You'll need
3. Educate Yourself to take things like relocation cost and
There are real financial benefits to cost of living into account, but a change
getting an education. In 2005, the U.S. of scenery can revitalize your outlook on
Census reported that a college degree life, as well as your paycheck.
nearly doubles a worker's salary, on Tell the Boss: "I've always heard this
average. Workers over 18 in the U.S. with part of the country was beautiful, but I
a bachelor's degree earn over $23,000 a had to see it for myself."
year more than workers with a high school The Bottom Line: A new location is a
diploma, and any level of education can drastic change, but moving can mean more
mean a permanent raise in your salary. than a better salary.
Because employers often want their 8. Bargain Smart
employees to be trained and educated, When it's time to negotiate a raise, you
some companies offer tuition assistance need to be prepared. Come to the table
for workers willing to go to school on with your qualifications, and anticipate
their own time. your employer's concerns. In Business
Tell the Boss: "If you invest in me, I'll Week, management professor Deborah M.
use my education and training to benefit Kolb suggests coming up with rebuttals
the future of this company." for an employer's likely concerns. Among
The Bottom Line: Higher education can be them: "I realize the budget is tight; it
a financial commitment, but the benefits has been that way for some time, but we
could last a lifetime. have some new hires," and "I know the
4. Shake Some Hands budget is tight, let's see if we can work
From multinational corporations to the around it." In both cases, empathy, or
row of stores in a small-town block, taking the time to understand your
success in business is all about who you employer's concerns, combines with your
know. A recent article in Black own plan to make the negotiation more of
Enterprise illuminates the secrets of the a cooperative effort.
casual network: "Lunchtime and coffee Tell the Boss: "We both care about the
breaks provide an excellent opportunity future at this company. I want to feel
for informal meetings, while workplace confidant that I'll be here for many
organizations such as affinity groups, years to come."
softball teams, and voluntary committees The Bottom Line: Realizing that your
offer more structured methods of getting employer has his or her own set of
to know people from all walks of the concerns can help you work together.
organization." If you want to advance in For every salary boosting strategy,
your field, think of the tasks you confidence is the key. Once you realize
complete at work as only half of your that you're worth a more lucrative day at
job--the other half is meeting people, work, make sure your boss knows, too.






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