It will be a difficult decision to make at times; you’ve found your perfect job, you like working there, but as time passes, the pay you’re receiving just isn’t enough. What do you think you should do? Is it time to quit and take a chance on a job you don’t enjoy as much (or no work at all) in the pursuit of a higher salary? Don’t panic; there are ways you can earn extra money in your present work so you can have the best of both worlds. Here are some suggestions.
Ask for a Raise
Don’t wait for your employer to give you extra money; it may never come. Unless you are exceptional or your employer is worried they’ll lose you (or they’re just particularly generous), they’re not going to voluntarily offer you a higher wage. This is why you need to ask for one.
Prepare yourself and demonstrate your particular accomplishments, showing exactly how you have helped the company, what your skills are, and why you deserve to earn more than you currently are. Investigate the wages of similar jobs and show your employer what other people in the industry are making. When you do this, it should be towards the upper end of the range so that you have space to negotiate, but not too high. The worst that could happen is if they say no. If they say no, ask them what particular objectives you need to meet to be considered for a raise.
In this way, you’ll know what you need to do to get the money you’re looking for. Alternatively, the incident might persuade you to look at other jobs, especially if you’ve used some currently vacant positions to prove your point to your employer.
Ask for a Promotion
If there is an opportunity for promotion with your company, be prepared to demonstrate your qualifications with your resume and list out your achievements relevant to the new position. Your boss might not want to pay you more money in your current position, but they will in a promotion – you just have to choose whether you’re happy to take on the extra responsibilities that come with this new job.
If no particular position exists, demonstrate your desire and commitment to the business by inventing a new role and presenting it to your supervisor. Make sure the conversation is open and honest. You must convey to them that you want to advance with your career, that you are a valued and engaged employee, and that you are ready for the next step. However, keep in mind that this is a two-way street. After you’ve presented your ideas, ask for feedback. If your proposal is rejected, ask for ideas on other potential career paths.
Continue Your Education
Always look for methods to expand your skill set or learn new ones. This could be a graduate course in the evenings or online, industry webinars, a new credential, or further training. Seek advice from your boss and coworkers as to what is going to benefit you the most.
You can choose something that will enhance the career you’re currently in, hopefully showing your employer that you deserve more money or giving you the chance to find a job elsewhere at a higher rate of pay. Alternatively, you can look for something completely different, such as a masters in education distance learning program that will give you an opportunity to expand your horizons in new ways.
Even if you take a course that has nothing, in particular, to do with your career, you’ll still learn something. Just the act of learning will give you skills you had never really thought about before, and these might be the skills you need to get the extra pay you’re looking for.
Build New Relationships
In general, building new relationships and developing old ones is a good thing to do. You need cheerleaders if you want to advance and earn more money, and you never know how the connections you’re making daily can help you in the future.
If you’re working in the same office, go to them personally when you need something. In this way, you can engage in a little small talk or show them that you are a real person. If you’re working remotely, rather than emailing, make a phone call. Hearing someone’s voice makes a much better connection than reading works on a screen, even if it does take a little more effort.
Respect everyone in your business (and in your life). Building connections and a strong reputation across your business not only creates support for the positions you want but may also open up possibilities in other areas in the future.
Make Yourself Indispensable
Being indispensable doesn’t necessarily mean taking on more work. What it means is that, by your character and hard work and effort, you can make yourself absolutely essential within the company. Be truthful, helpful, flexible, and upbeat. Simply ensuring your colleagues and management want to work with you, you will become essential. When that happens, a raise or promotion or both are much easier to achieve.
Have a Plan B
If you are completely reliant on a job and have no other alternatives, you may take less money than you deserve because you are afraid of losing that job. In other words, you’re stuck because you don’t feel you can take any chances.
The truth is, it’s always good to take chances. Keep up to date on industry developments, collaboration possibilities, and business prospects. Get extra training and education, even if it isn’t required for your present position. Most importantly, maintain a solid database of former colleagues and business partners in the sector who can offer insights and opportunities. With all of this behind you, you should be much more confident when seeking other positions or simply asking for more money.
Opportunities will not come knocking on your door. You have to go out there and look for them. There are options everywhere, but you must be present and ready to take advantage of them.