The bad news is that getting a big pay increase isn’t always easy. The good news, however, is that with the right strategies, you should be able to boost your salary before the year is over. Here are five things you can do to start planning to make more money by the end of the year.
Start searching for a new job now
If your current employer isn’t offering you a raise or a promotion, it may be time to look elsewhere. Reports show that job-hopping is one of the best ways to increase your earning potential. Plus, the current unemployment rate is low, which means employers are willing to pay more to attract qualified candidates.
You don’t need to give notice at your current job immediately, but you should start looking at job openings as soon as possible. Keep your eyes open for jobs that are offering the kind of compensation you’re looking for. A new job could lead to a dramatic salary increase.
Apply for the job you want, not the one you have
A lot of people make the mistake of looking for jobs that are similar to the positions they currently hold. Doing this can limit your earning potential. If your new role has the same responsibilities as your current position, you might find that the salary is similar as well.
Try to move upwards when you apply for new positions. You may want to move into a management role or look for a job that will allow you to develop new skills. Think about your career goals when you’re applying for jobs. Search for a job that will help you to achieve those goals and earn a higher salary.
Work on your resume
Potential employers will offer you a better salary if you can demonstrate that you have the skills they’re looking for. A resume is the best way for you to showcase your skills and experience. When you have an excellent resume, you’ll be able to land interviews for high-paying jobs.
A strong resume will grab the attention of employers and recruiters. It will highlight your strengths and present you as an attractive job candidate. Improving your resume will open up new doors and lead you to exciting opportunities.
If you don’t quite have your resume figured out, take a look at our effective resume-building tips. While the advice is tailored to the healthcare industry, a lot of our tips will apply across the board.
Consider working in a new field
The amount of money you can earn is limited by the field that you work in. Thankfully, you don’t have to be stuck in the same career forever. It’s possible to make a career change and find a job that will pay you more.
Transitioning careers is easier than you might think. You don’t necessarily have to go back to college to find work in a brand-new field. If you talk to a recruiter, they’ll be able to look at your current qualifications and provide you with advice. You may already be qualified for a number of high-paying, in-demand jobs.
Invest in your job search
As the old saying goes, you have to spend money to make money. Don’t be afraid to invest in your future and put money towards your job search. For example, you may want to purchase professional clothing that you can wear to work and job interviews. Certification courses and training programs can also give you more leverage when you’re negotiating for a higher salary.
Spending money may seem like a bad idea when you’re job hunting. However, if you spend money on the right things, those purchases can pay off in a big way. Start saving money so that you can land a better job and earn the kind of salary you’re looking for.
If you’re not happy with what you’re earning, it’s time to take action. Staffing Proxy can help you to find a great new job with a competitive salary. Contact us today to start your job search.