Although money shouldnt be the most important factor in career decisions, it has a big impact on our lives. How much money we earn will dictate where we live, where we vacation, the lifestyle we enjoy, and how and when we will retire.
When you work for someone else, you have a limited amount of control over your salary. You negotiate your starting salary and then you are given increases at management’s discretion for annual reviews and promotions. Do you want more control over your salary? By understanding and increasing the value you provide to your organization, you have the ability to increase the amount of money you can earn.
Here are five ways to start increasing the value you provide to the organization and ultimately, the salary that you earn.
1. Specialize in a new area. Research upcoming trends in your industry or find an area of weakness in your organization and establish yourself as the expert. It may require additional education, training or certifications, but if you are the go-to person for all related matters, you become an indispensable asset.
2. Make a direct impact on the bottom line. The sole purpose of every company is to...