Alternative Ways to Increase Your Salary
Alternative Ways to Increase Your Salary. If there is one thing that is true of most companies, it’s that they are frugal to a fault. This is why a company will spend millions of dollars on a new lobby two weeks before they lay off thirty workers. Money comes and money goes but which way, nobody knows. Who makes the decisions are known only by those entrenched in a corporate tower somewhere ten states away.
So it’s safe to say that when it comes time to argue salary, you’re left with no room to argue salary. I mean, you can, but your manager isn’t the guy making fiscal decisions so he or she can only tell you so much. There are a lot of companies where you can proceed to build a career: small businesses, essay writing services or some big corporations. It is up to you completely.
Salary question
However, the salary question is more complicated. The decisions on what you will get are, again, made elsewhere. From this complete disconnect, each year a merit increase is given to all associates with a generic percentage established across the board. Typically raises, or merit increases, are annual and barely outpace the cost of living which means they aren’t even raised at all. After working at a company or within a department for five or six years, you may be making $8,000 more annually but you’re also paying $7,800 more on gas and groceries, too.
Obviously, complacency is not going to bring in an appreciable bump in income. The only way to bounce higher when staying with a company is via promotion which, in and of itself, is never a given, nor necessarily fair or based on good judgment.
Promotions
Promotions will break up the steady pace of the annual merit increase but even then, the company already has you hooked. You are an employee and they know your current salary and what you have previously accepted. Oh, yeah, they also know that you are unlikely to argue the offered salary because you are already comfortable with the work environment and associated lifestyle.
Increasing your income through promotion isn’t bad, but it also isn’t great. An added caveat is that companies like to promote in a way that avoids having to dole out the annual merit increase to the promoted individual. This means, in a sense, you are only outpacing the world around you by two percent compared to what you would have without changing positions. The added workload, research paper and fresh responsibilities might not be worth such a minimal increase.
Now, if you’re positioning yourself for great things within your company and know you’ll be managing a division in no time, keep at it.
Salary Ranges
Companies generally do not have a fixed salary or coursework help in place for the position. There is a range of salaries that the company is willing to offer to the individual, usually dictated by the physical location of the job, comparable position salaries, and the related job sector. Companies do not like to offer a number because they are gambling as much as you. If they give out a number that is dead center in their acceptable range and you agree to it, they have saved themselves the headache of paying you top dollar, but they also have you placed higher than you might have suggested.
On the other end of the spectrum, for whatever reason, human beings undervalue themselves and are afraid of hurting the feelings of the Human Resources Director. They will look in the mirror and say “I’m not worth seventy thousand dollars” and then value themselves at some horrifically low number that is indicative only of their self-loathing and not of their actual work ethic (which is probably adequate, if not exceptional.) This is nonsense.
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If people would realize that value is not only subjective but also arbitrary, they’d have an easier time understanding how to live without regrets. Alternative Ways to Increase Your Salary.
Moving From One Company to Another
An alternative way to improve your salary in the corporate world – whether starting from an hourly position or a salary position – is to take the risk of moving from one company to another. This is the only way to discuss salary with any sort of guaranteed leverage in your favor. What leverage is that you might ask? The leverage is that you do not need the job for which you are interviewing in an essay format or by directly talking. You have nothing to lose by asking for more money and, unless you are a horrendously greedy excuse of a person, you will not fall outside of their acceptable salary range. This is your one chance to ask for what you believe is a fair market value and in all likelihood, if you ace the interview, you’ll receive your asking price.
As my father used to wisely tell me, “What’s the worst they can do? Say ‘no’ to you?” If one can withstand the potential rejection, which most men who lived through high school can, then there should be no fear in driving up your asking price. This is your one chance to value yourself as you see fit based on your skillset, the job for which you are applying, and other trends.
