“Money is just a scorecard.” That’s what people of vast wealth say. Far more view it as a means to buy day-to-day necessities while juggling meager amounts just to keep their heads above water. Your beliefs about money could be limiting your supply. Follow along as we look at 10 flashing red signs that you’re underpaid and explore ways to remedy the situation.
1. You’ve Never Asked for a Raise
Those who don’t ask, often don’t receive. Part of the game is salary negotiations, so let go of the reluctance to ask for a pay increase. The Washington Post reports, “Between 74 and 77 percent of people in all [age] groups got the pay they requested or a smaller raise after asking.” If the thought of asking for more money terrifies you, study the “Salary
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You can play defense, or you can play offense. The choice is yours. To change your position on the field, speak up at meetings and volunteer to take on more responsibility. Once you achieve a few successes, you’re ripe for a raise. Head into your boss’s office and ask for an increase equal to your new responsibilities.
5. You’re Thankful You Have a Job
Maybe you haven’t reached your threshold for pain, or perhaps you don’t think you’re capable of holding a higher-paying job. To express gratitude for what you have helps you to appreciate your many blessings, but it’s a mistake to use it as an excuse to keep you from advancing. If you change your mindset, you can change your life. Work on your self-worth and your self-confidence, and good things will begin to flow to you. Once you prove your worth to yourself, then you can you convince others of your value and increase your bottom line.
6. Your Raises Can’t Buy a Starbucks Latte
It’s a tight economy, but it’s been that way for at least a decade. While expenses have skyrocketed, many salaries have not kept pace with inflation. Just because other people are “falling behind” doesn’t mean you must follow suit. Some people are doing well, making more money—that’s the group you want to join. If you’ve been receiving token raises for as long as you can remember, it’s time to ask for a meaningful
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You Can’t Remember Your Last Raise
You’ve been with your company for years. At one time, you were receiving regular raises, but it’s been a few years since you’ve had one. Ask yourself a few questions before you decide what action to take: Has your company been in outsource or layoff mode? Have your co-workers received raises? Did your pay raises cease when you were assigned a new boss?
10. Ramen Noodles Are Your Go-To Dinner
You’re frugal to a fault and you pinch every penny, but “too much month at the end of the money” is still your default mode. You load up your cart with Ramen noodles—when they’re on sale. If this describes you, take immediate action if you want to live a healthy life long enough to make some real income. Nutritional deficiency could be the reason you’re underperforming at work.
When you buy the leading brand of noodles by the case at Wal-Mart for $24.63, the cost is $1 per package. For $20, you can buy a 30-serving canister of organic smoothie powder full of nutrients to fuel your mind and body at 66¢ per serving. Productivity and results are a key to raising your income, but it’s difficult to perform when your body is running on
In my opinion, some may have the opportunity to better their lives and some may have the opportunity, but choose not to use their abilities to improve their situations. Then there are others who are never given an opportunity and are therefore stuck in that situation. This would then be the decision of the individual on how to prepare and manage the “cards” in which they are dealt. However, there are some professions and lifestyles that are simply underpaid and not given that chance.
One of the most important aspects of my life right now is my job. This has been shown by accomplishing many of the goals that you had set for me. I have been listening attentively to whatever you could tell me and respect your authority. I have never been late at work; working six days in a week, regardless of how busy we get I have always managed to keep the work in a balance and keep my internal customers satisfied.
According to the National Employment Law Project (NELP), one benefit an increased wage would bring would be an improvement in overall productivity resulting in a reduced turnover rate for the company (NELP, n.d.). It makes an employee want to come to work and perform at an optimal level if they are being paid well. Basically, the more we are paid, the better we want to perform and the more we will show up for work. Job satisfaction plays a huge role in an employee’s willingness to commit to a company. If we are satisfied with our employer and the pay, chances are we are going to remain with that employer. That is why this would ultimately reduce the employee turnover rates of companies. Good pay is an extremely important factor in job satisfaction. Some
Imagine what an extra 20%, or more, in your paycheck could do for you. Maybe it would be the difference between just scraping by and having a little discretionary income. Now, imagine being paid based on your own merit, and not some sliding scale which has historically favored men as the breadwinners of the family. Unfortunately, for most women, equal pay is still a dream. Today, as throughout history, there exists a gender pay gap where women are paid $0.79 to every dollar a man makes. Minority women make even less. Women, of course, have always known this gap exists, but they have had little power to change it.
Whether you are looking for a promotion or starting a new job, salary negotiation provides one of the best routes to increase your pay package. Unfortunately many people do not think of negotiating because they feel uncomfortable or are outright scared. A study conducted by Salary.com, extricates the divide by revealing that a sizable 18% of people do not negotiate for pay. The same statistics indicate that a whopping 44% of people have never considered bringing the issue to the negotiating table. The gender divide is also evident, since more women than men find themselves in this bracket.
Some people sit back and think about how good of a life they have, while others are wondering why they are constantly feeling like they are at a disadvantage. This is what Namit Arora, discusses in his essay “What Do We Deserve?” He often thinks to himself, “How much of my good life do I really deserve? Why me and not so many others?” (Arora 87) and what he means by this is, why is it fair that he receives so many rewards in life when others are struggling to pay the bills. Well I completely agree with him; not everyone is going to have the same rewards in their lives because of many different factors including family background, genetics, environment and so on. However, while one might not start off as wealthy or intelligent
I am very grateful for the raises I did received, however I do not think that for the amount of work that I complete and the responsibilities associated with it that I am being compensated enough.
One of the most important aspects of my life right now is my job. I've accomplished many goals and met standards set by you. I always listened to what you had to say and respected your authority. I've never been late to work; working 5 days a week. No matter how busy we get I've always managed to keep the box in balance and keep my customers satisfied.
I went on feeling this way for quite a while. It was when I became the president of my National Honor Society(NHS) chapter that everything changed. In the years’ pass, NHS was not extremely active and I set out to reinvent the chapter. With every ounce of motivation and determination I could scramble up, I made a difference within NHS. I established connections with a woman from the American Heart Association and set a goal to raise 2,000 dollars for the association. This was a massive goal, considering my high school was just shy of 250 students. With determination and long hours put in, we achieved our goal. We raised 2,000 dollars for a cause bigger than any of us. Hearing
Without the opportunities that others have, I have to work harder for what I want to achieve. I also know that there are obstacles that I may continue to experience while working
company is getting up to 35 percent more wages. One point I'd like to bring up
In any economy, once people realize that price levels are rising, a vicious cycle begins. People will start to ask for higher wages, anticipating higher price
Behavioral factors are related with lack of awareness of pay inequity. Women do not aware or
In most organisation, money is often seen as a prime motivator for employee in the government and corporate sectors. It empowers them to perform better and contribute to the organisation objective goals and productivity, however, following the shifting of economic conditions and social values, people's desire is dramatically changing. Most employee may feel that they are affected by internal and external
2. If salaries for new associates were to increase by $20,000, I would recommend a similar percentile of increase for the other levels of work, where greater seniority also means a greater increase in salary. If the $20,000 means an increase of 10%, for example, I would recommend an increase of 10% for