September 1, 2020, 8:08 am

5 Ways to Make More Money in Your Current Job

by: The Financial Blogger    Category: Career,Personal Finance,Uncategorized
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There aren’t many people who can say they would turn down more money if it was offered to them, especially if it meant they could stay in their current jobs and save themselves the trouble of searching for something new and having to start all over again. However, the problem that many people face is that they just don’t know how to do both; they don’t know how to keep their current jobs and get more out of it. After all, if they continue doing what they are doing, why would they be able to get more money for it? If nothing has changed, why should their salary increase?

In reality, there are many reasons why this might be the case, and if you can find out what those reasons might be and take the time to really work on them, you may well be able to make more money doing the same thing you’re doing now. Read on to find out how.

Ask for a Raise

The simplest way to make more money in your current job without having to change anything at all is to ask for a raise. Don’t wait until your employer offers you more money, as this might never happen. Instead, make a list of all the reasons why you deserve a raise and call a meeting to give them this information. The reasons could include:

Ideally, you will want to have a specific amount of money in mind to ask for, and this is why research is crucial. Start a little higher than you might realistically be expecting (but not too high) and you can negotiate down to an amount that suits both you and your employer. The worst that can happen is they say no, at which point you can decide whether you want to look for work elsewhere or you’re content to stay where you are on less money than you feel you deserve.

Ask for a Promotion

Something that goes hand in hand with a raise, although isn’t always necessary to achieve the former, is a promotion. If there is an opportunity to rise to the next level in your current job and you want to take it, then that is what you must do. Take a look at your resume and make sure that it includes all the skills you have learned over time, mentioning specific projects where necessary. Your employer should already know about these things, but it is a good idea to remind them, and show them the value they have in you.

Even if there isn’t a specific opening available, you can always tidy up your resume and present it to your employer speculatively. They might realize just how important you are and create a role just for you.

Keep Learning

No matter what career you have or what level you are currently at, there is always going to be more to learn, and this is something that can increase your chances of earning more money. Always be aware of any additional opportunities to improve your education and yourself, and to gain extra qualifications in whatever field you work in. Pediatric acute care nurse practitioner programs are just one example of something you could specialize in if you are already in a nursing field, for example. Or you might want to go back to school part time to obtain your masters, or a PhD.

Anything more than you already have is going to look good on your resume, and your employer should be impressed by your dedication, passion, and knowledge. If they aren’t, these extra qualifications would certainly impress a different employer in your field, so don’t limit yourself; if you want to make more money and you have spent time and effort learning more about your career, sometimes it is necessary to move on to make the most of the knowledge and experience you have.

Build Relationships

If you want to improve your lot in life and make more money in your current job, it’s a good idea to build relationships both in your department, and out of it. You are going to generally need supporters and cheerleaders if you want to make more money and create something exciting out of your career; the more people you know who will be willing to be a reference or put in a good word for you when necessary, the more chances there are of you getting what you want.

This is why you need to make sure you treat everyone, no matter what position they hold, with respect. By building good relationships across the company, there is always going to be at least one person who will stand up for you and fight your cause alongside you when it comes to ensuring you are paid fairly for what you do. Plus, you never know what opportunities being kind and respectful to people right now will open up to you down the road.

Be Indispensable

If you can make yourself totally indispensable through your hard work, your experience, your willingness to help, and your character, you will stand more chance of making more money in your current position; no right thinking employer is going to want to run the risk of losing you to the competition by not offering you more money to ensure you stay where you are.

It won’t take much to ensure that your boss doesn’t want you to leave. Be kind, courteous, helpful, honest, adaptable, and as positive as possible, and this will all help. So too will the additional learning that we mentioned above. Although you don’t want to necessarily take on any extra work to show just how useful you can be, and you certainly don’t want to be taken advantage of, going just far enough is going to be a useful way to make more money in your current job.

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