Performance review season is coming up.
Here are some of the best ways to fast track your way to a bigger pay check & bonus at work.
This article was written by a Financial Horse Contributor.
1. Change jobs
“Job switching is one of the best ways to get a raise,” Nick Bunker, economic research director at Indeed, told CNBC.
One of the fastest ways to get a higher paycheck is simply to change jobs.
So keep in touch with recruiters, and update your LinkedIn page, to make sure you are on the radar of hiring managers.
Update your CV and make sure you are ready with all your application documents.
Learn how to make sure your resume stands out!
Also consider getting your CV reviewed by a professional, to increase your chances of getting called for an interview.
Pro tip: try to score a signing bonus!
2. Ask for it
It is rarely effective to just wait for your boss to offer you a bonus, sometimes you need to be vocal to get what you want.
If you never ask, you never know.
How to ask for a raise?
Schedule a meeting with your boss, and choose a good day/timing (after lunch, and not Friday afternoons where people are rushing off).
Asking for a raise:
- know what you’re worth (market rate)
- highlight your achievements
- reiterate that you are committed to the job
- ask for a progression roadmap
Be open to the outcome, and actually listen to what your boss has to say.
Even if a raise or promotion is not possible right now, ask about what you can do to make this happen in the near future.
This shows that you are serious about your future in the company.
3. Climbing up the ladder
If you really want a raise at work, you need to climb the corporate ladder.
You have to make yourself visible to higher management.
Be in the right places, and take on additional responsibility.
BTW – we share commentary on Singapore Investments every week, so do join our Telegram Channel (or Telegram Group), Facebook and Instagram to stay up to date!
I also share great tips on Twitter.
Don’t forget to sign up for our free weekly newsletter too!
4. Upskill
According to Coursera, these are 7 high income skills worth learning:
- data analysis
- software development
- user experience
- web development
- project management
- account management
- content creation and management
To add value to your current job, consider picking up these additional valuable skills:
- social media marketing
- basic programming skills
- excel and accounting
- UI/UX design
- language skills
Also, think about soft skills that will help you advance in corporate culture.
