Tag Archives: Changing Jobs

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Salary

Happy New Year everyone!  As a major part of your total compensation, salary is the component that is what you get paid on your paycheck. There are many factors that influence your salary–some which are warranted, and others which may be a bit more controversial or subtle. At SpringRaise, we’re here to help you get the highest salary possible at every event throughout your career, whether it’s a raise, a promotion, changing jobs, or other opportunity to maximize your salary.

I’ve had many “springraises” throughout my career–raises in excess of 10% and even sometimes more than doubling my salary.  Check out the chart below to see my career compensation development.  After that, we’ll show you the seven factors that impact salary in your career.

Amazing!  I can show you how to get these types of raises throughout your career.

The Seven Factors That Influence Your Salary

To orient you with the way salaries are evaluated by employers, here are the seven factors–and some would be considered discrimination.  We hold nothing back here at SpringRaise.

1. Salary and Education. How educated you are matters in your salary.
2. Salary and Gender. Right or wrong, it has been documented that men often make more than women for the same job.
3. Salary and Weight. This would be considered discrimination by law, but your weight can influence how others perceive you and your value.
4. Salary and Years of Experience. How long you’ve been in the workforce and/or in your particular industry matters.
5. Salary Band. Where you are in your company’s salary band can influence your next raise amount.
6. Peer Salary. What your colleagues make can definitely influence how much you get paid. Knowing what they make is a big factor.

And  last, but most importantly…
7. Salary Negotiation. How well you negotiate at performance reviews or for new jobs can make a major impact on your lifetime earnings.

We at SpringRaise want you to know the seven salary influence factors so that you can manipulate them to your advantage.  Spend some time here and you’ll find a wealth of information that can help you make more money now and throughout your career.

For FREE sample salary negotiation letters, just fill out the form below with the subject “Salary” and we’ll send them to you right away.

* denotes required field

Your Name*

Your Email*

Your Situation*

Your Geography*

Your Salary + Bonus* (separate salary and bonus)

Subject

Maximizing Salary When Changing Jobs

OK, this is one of my secrets that I’m going to share with you. One thing everyone wants to know is how much of a jump in compensation should we get when we change jobs? There is a certain art to this, but there is a process that I use. My father told me when I was starting out that I shouldn’t change jobs unless the offer is 20% higher than my current compensation.

Salary Increase Benchmark
My father does deals for a living, so I’ve learned from a pretty good teacher about salary increases. In taking his lessons to heart, not accepting what someone tells me at face value, why take his word that 20% is enough? I didn’t. Over the course of my career, when I’ve changed jobs, my average increase in compensation is 30% and on average I’ve increased my salary 16% per year.

Confidence
Negotiating higher salaries is a function of communication, experience, and confidence. When we have our story straight and our minimum compensation threshold defined, there is no losing in the negotiation. If we are offered what we want, then great. Otherwise we walk. It’s simple.

What people tend to forget when looking for their next career move is that the company we just interviewed with spent thousands of dollars just to get us in that chair. That’s an investment they’re not keen to lose when they find a candidate they covet. That knowledge immediately swings negotiations in our favor. Have confidence and get the salary you deserve!

For FREE sample salary negotiation letters, just fill out the form below with the subject “Max” and we’ll send them to you right away.

* denotes required field

Your Name*

Your Email*

Your Situation*

Your Geography*

Your Salary + Bonus* (separate salary and bonus)

Subject