Planning the Future: How to Get a Higher Salary in Your Career Field

 

Planning the Future: How to Get a Higher Salary in Your Career Field

 

Most workers want to make more money. However, many are afraid to ask for it. If you’re currently in this predicament, you know what a pickle this situation can be. However, if you don’t ask for more money, you may not make what you’re worth. Here are four tips for making the most of your next salary negotiation.

 

1. Do Your Research

 

If you don’t know how much people in your field and even more specifically, people in your field in your area make, you might sell yourself short in the salary department. You can research salaries by going onto sites like Indeed.com or Monster.com. You can also search the Bureau of Labor Statistics website.

 

2. Just Ask for More

 

Sometimes, making more money comes down to asking for more. Many people sell themselves short when it comes to asking for more money. However, if you know the salary range for your field, you should have an easier time asking for a salary that’s on the higher end of the pay scale.

 

3. Consider the Education Factor

 

If you’ve ever considered getting a MBA master’s degree or if you’ve ever taken an exam to get a special certification, chances are you did it to eventually get better pay or to otherwise seek career advancement opportunities. According to Ohio University, that’s why most of the people who take the CFA exam do so—a full 37% of them do, to be more exact. If you want to earn more money, is there something you can do like get an advanced degree or can you get certified as a specialist in your field? These steps may make you more money in the long run.

 

4. Don’t Speak First

 

According to Forbes, candidates should avoid giving a salary when first asked. This allows them to have a bit more leverage when they come to the bargaining table. If pressed, candidates can suggest that the employer wait until all the responsibilities of the job are on the table. The candidate can also point out that salary conversations may not be directly applicable if the candidate was previously self-employed. Very often the hourly or even the salary per job will be higher in this case.

 

You don’t have to work for less money. Asking for more money is just a part of the business landscape. If you’ve ever been in a situation where you needed to ask for more money, following these four tips could mean making the money you deserve.

 

By: Hannah Whittenly