Comments on: Don’t Expect a Big Pay Increase: Other Options

By: Best finance articles from Carnival of Personal Finance #108 at Clever Dude Personal Finance & Money

Mon, 09 Jul 2007 16:34:46 +0000

[...] Commentary explains some ways to get more money even though employers are giving smaller raises this [...]

By: Carnival of Personal Finance » Carnival of Personal Finance #108

Carnival of Personal Finance » Carnival of Personal Finance #108 — Mon, 09 Jul 2007 13:12:02 +0000

[...] Consumerism Commentary: Don’t Expect A Big Pay Increase: Other Options [...]

By: Broke-Ass Student » Blog Archive » Welcome to the 108th Carnival of Personal Finance

Mon, 09 Jul 2007 10:27:10 +0000

[...] Ã‚Â¤ Consumerism Commentary illustrates creative ways to self-promote salary increases in Don’t Expect A Big Pay Increase: Other Options [...]

By: Who Reached Their Six Figure Net Worth Milestone? Who Got Married? The Roundup » Money and Personal Finance Blog In Silicon Valley

Sat, 07 Jul 2007 16:10:39 +0000

[...] Commentary: DonÃ¢â‚¬â„¢t Expect a Big Pay Increase: Other Options – No raise this year? No problem! Here’s how to work with your company or give yourself that [...]

By: thomas

thomas — Fri, 06 Jul 2007 15:05:12 +0000

“But loyalty has to be earned, and corporations must act in a way that shows their employees are their most valuable assets.”

Very good point, especially for the Gen Y crowd. Fortune magazine just had an article about Gen Y and the workforce. They have zero loyalty and will change jobs/quit for numerous reasons.

If your company is large enough, you could also look internally for a new position. Hopefully one that allows you to grow professionally and maybe even financially.

By: Jason

Jason — Fri, 06 Jul 2007 13:56:58 +0000

Another option is to negotiate for some short term (or immediately) vesting stock options. It is very much like a bonus, but easier on the companies balance sheet since they don’t have to allocate the money. This works very well with start-up tech companies, but likely will work just as well with more established companies.

By: Matt

Matt — Fri, 06 Jul 2007 11:38:16 +0000

As a general rule I find companies don’t like to give out big raises and if you look at it from their point of view it makes sense but sucks as an employee.

I think the best suggestion is to make money on the side – there are many ways to do it especially if you have hobbies that lend themselves to this.

Finally you can always change companies/jobs often just going to a competitor will give you 5-10% (though I guess that depends on your industry and where you live)

By: Compounding

Compounding — Thu, 05 Jul 2007 19:37:00 +0000

Well, I have not yet stayed in a job for much longer than two years. This strategy has paid-off well for me, to this point. My last two job changes have each yielded ~20% pay increases for me. I will likely stay in my current position for at least three and one-half years, which is until I am 30, because I want my next move to be towards management, and I have a lot that I can do in my current position that will lend well towards a move in that direction.

However, these job changes do provide for interesting challenges. For instance, I would say that I have missed out on several thousands of dollars in opportunity to invest in 401(k) accounts, because of the waiting periods. Also, I am gone without insurance for a month here, and a month there, because of it.

By: Hustler

Hustler — Thu, 05 Jul 2007 17:26:07 +0000

tighten your budget and create side income are the best options. There are always methods to cut your bills. Side job could be as easy as sign on bonuses.