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7 factors that can improve your salary

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7 factors that can improve your salary

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Whether you are starting a new job, or have been in your role for a while, the thought of trying to improve your salary has probably been on your mind.

While proving your worth and benefit to the company are certainly important factors, there are other things that come into play as well. Here are just some of the things that can improve your salary.

 

Years of Experience

The longer time that you stay in a job, the more chance you have of increasing your salary since you are able to really grasp the ins and outs and learn and grow with the company. It also shows commitment and dedication to a company – much better than someone who chops and changes every 6 months.

If you end up applying for a new job, and the position requests five years of experience, you are in much better stead for getting the high salary range rather than the lowest number.

 

Qualifications & Certifications

improve your salary

While experience counts for a lot in today’s market, having a relevant qualification to support your experience certainly can improve your salary. Having a degree or masters’ in the field that you are working looks excellent on your CV and will give you the edge over others that do not have this.

But the learning does not need to stop just because you are comfortable in your career. Consistently staying updated with current trends and furthering your skillset will work in your favour as well. Gaining certifications in your spare time that will class you as an expert in your position also helps lead the way to getting a pay rise.

 

Your bosses ranking

Being a direct report of someone that is higher up in the company definitely comes to your advantage since they are likely to have more say in salaries and promotions. They know how the books are looking, the overall strategy for the company, and are likely to have more push when it comes to your salary negotiation.

 

Relationships with colleagues

If you have been in the workplace for a number of years, you will no doubt have come across one kind of colleague that everybody struggles to have a good relationship with. You know that person that makes life extremely difficult, does not get involved in company team events and is simply not a team player.

Do not be one of these kinds of people.

Employers treasure their employees that are well-liked throughout the company and are always showing their loyalty and willingness to help others. Being in your boss’s and colleagues’ good books day in and day out surely works in your favour when the topic of pay raises comes about.

 

‘Can do’ attitude

Following on from the previous point, a ‘can do’ attitude when dealing with anyone in your company always goes a long way. Whether you have been asked to chip in with a task that is outside of your job scope, or even been asked to make a coffee for your boss who is stuck on a long conference call, going the extra mile works wonders for improving your salary when the time comes.

 

Consistently meeting objectives and targets

Almost every job has set objectives and targets, and these are what will be evaluated when you have your yearly performance review. If you are consistently meeting these and even exceeding them, you are showing that you are dedicated to your role and are capable of more responsibility within the company.

 

Working odd hours or overtime

Shift workers are often paid slightly more for working those odd hours such as nights or weekends since employers realise that working outside of ‘normal working hours’ means you need to adjust your lifestyle and lose precious time with your loved ones. If you are able to have flexibility with the shift times that you work, try putting your hand up for doing some weekend or night shifts from time to time, and reap the financial benefits.

Alternatively, doing some overtime every now and then will certainly help improve your salary. Some employers offer time and a half, while others will just offer a standard hourly rate. Doing a few extra hours every week adds up – but just make sure to check your contract to see what you are entitled to before making any commitment.

 

Start improving your salary today!

While some of the points listed above like years of experience or your bosses ranking are not able to be put into action straight away or they might not apply to the position you are in, they are definitely worth keeping in mind throughout your career.

Other points such as making sure you have a can-do attitude and a great relationship with your colleagues can be started right now, plus you can start to investigate what qualifications or certifications will help you improve your salary.

Can you think of anything else that will help to improve your salary? Let me know in the comments below!

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