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- Making more money in 2024
Making more money in 2024
Plus a couple of helpful articles and networking chat sign-ups!
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Resources of the Week!
I just wrote another article for Business Insider highlighting some tips to stand out in your interview! Nothing new here if you’ve been around for a while but hopefully this is helpful to some folks!
I also chatted with Huffington Post about job hopping last week - this article includes some tips for talking about job hopping (as well as a case for why hiring managers need to stop holding job hopping against people!)
And sign up for a networking chat! (I’m now going to drop these more regularly vs every month in hopes of giving more people a chance to see/grab one - so this has spots just for the next week.)
Get your MONEY!! 💰
Last week, I asked you all what was driving your desire to get something new. And the top answer far and a way? MONEY!
Why are you looking for something new?
🟩🟩🟩🟩🟩🟩 Compensation (48%)
🟨🟨⬜️⬜️⬜️⬜️ More flexibility (19%)
🟨🟨🟨⬜️⬜️⬜️ Workplace culture (29%)
⬜️⬜️⬜️⬜️⬜️⬜️ I'm happy where I am! (4%)
I’m not surprised that increasing compensation is a top priority for folks!
So a few tips:
If you’re currently employed, make sure you understand all of the benefits and levers for increasing your compensation. For example, if education and certifications can help you earn more and you have a budget for learning and education, then you may be able to have work pay for learning experiences that will increase your compensation! Talk with your manager about paths to promotion, or about opportunities for internal mobility. There may be paths to taking on new roles within your current company that could increase your compensation as well and showing interest in growth may result in your company investing more in you. It’s a longer game of course, but could pay off over time. Plus taking on more initiatives or projects can also help you build a stronger resume when exploring other new opportunities.
When applying for jobs, ask about how compensation is set. And understand the market for that industry, position, and company. Look up the company on Glassdoor or Blind to get insights from current employees so you can go in armed with good information. This will help you navigate the conversations around compensation as much as possible.
And finally, if you have a stable job that’s going well, maybe the best move is to build on top of that. Perhaps some fractional work, doing some coaching for people in your industry, etc. could allow you to charge a higher rate than you’d make in your current role and allow you to increase your total compensation more than a new job would!
As an example, if you start coaching people at $100 an hour (which is quite reasonable for this kind of work) 5 hours a week, you make over $20k annually - that may be more than the raise you get and potentially with less time and effort than it would take learning a new company and position!
And the good news is that once the market improves and people start landing new roles, hopefully we’ll see compensation increase again for everyone!!
🙋Answering Your Questions🙋
Each week, I’ll answer a few of your questions in this section. You can submit your questions here.
Can you share tips for landing US-based remote jobs for those of us based in other countries? My husband is military and we are on a base and I think that’s why they aren’t considering me.
I am not an expert on hiring on military bases. I know some people are able to use their home address even while employed on a base but I am not super knowledgeable here. I would also target international companies - many are hiring remote workers and open to US-based folks - perhaps you being in a timezone closer to them would be an advantage!
You might also look into any resources for military spouses, job openings on base (some are options for civilians!), and ask about Military Spouse Employment Partnerships. Power to Fly has some supports for military spouses as well!
For more resources to support you in your search, check out my Linktree.
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