10 Expert Tips to Increase Your Salary
6. If you return to school, make sure that it will pay off.
Ivey said it’s important to investigate degree programs before launching into one that might not increase your salary — and could end up costing you more in the long-run. Also, find out what continuing education benefits are offered by your employer. You may be able to “earn more” by getting your employer to cover tuition costs. Research the best college degrees for higher earnings.
7. Absorb and adapt to new methods.
“Things are changing quickly; what is state of the art now will be obsolete 10 years from now,” Staten said. When things change at work instead of getting grumpy, be the first to jump on board. Your enthusiasm for change and adaptability to new systems and ideas are to how your employer values you and could lead to a salary increase.
Quiz: What's Your Money IQ?
8. Be receptive to criticism.
Constructive criticism can help you improve your performance, Ivey said. Not only is it important to be able to gracefully accept criticism from your coworkers and boss, but integrating that feedback into your work can win you points and opportunities for promotion.
9. Sharpen your communication skills.
“I don’t care what role you’re in. If you can read and speak well, you are way ahead of the pack,” Ivey said.
10. Get comfortable with math.
“A lot of people coast through college without number knowledge — just basic knowledge, like how to read a financial statement. We live in a Sarbanes-Oxley [SOX] now. If you work in a publicly traded company, you will be affected by SOX. Accounting is a great skill to have in your tool set,” Ivey said, referring to the federal law that tightened corporate governance standards.
Kristina Cowan is the senior writer for PayScale.com. She has over 10 years of journalism experience, specializing in education and workforce issues.