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7 Ways to Earn More at Your Job Without Asking for a Raise

7 Ways to Earn More at Your Job Without Asking for a Raise

As employees, we too often experience the feeling of being stuck at a certain level of compensation, or hitting a “glass ceiling.”  We have a desire to change that, however, asking for a raise can be stressful and awkward. Additionally, if on the edge of a tax bracket, getting that raise can result in moving to a higher bracket and actually mean a decrease, yes, a decrease, in the amount of take-home pay.

Here are 7 tips to earning more in your job without asking for a raise. As an additional selling point, they give your employer an additional tax incentive. As in any negotiation, a win-win scenario works best and this is a great way to approach the conversation.

1. Education

Education is a great commodity in careers where a higher degree equals bigger bucks. Of course, it is generally useful when bettering oneself. However, with the price of education rising, the option is not as readily available as it was before. Asking your employer to pay for your education is essentially increasing your net worth but at the employers’ expense. There is some benefit in it for them, of course (use this when pitching if necessary). This makes their employees more competitive to clients in some industries and also creates a generally happier atmosphere.

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A few companies known for paying for education ranging from $2,000-12,000 per year: Starbucks, Apple, Oracle, Bank of America, Wells Fargo and Mckesson.

http://www.affordablecollegesonline.org/financial-aid/top-company-college-tuition-reimbursement-programs/

2. Food

Hey, we all need to eat to survive. Quite a bit of the income that we earn is spent on food. Many companies will offer free lunches and dinners as a perk. In some accounting firms, they will offer dinners and drink carts for their busy season to keep employee morale high.

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Additionally, when working for Google there is no need to figure out what to bring for lunch. Employees simply go down to their free cafeteria for lunch or dinner.

3. Travel

More specifically broken down, airfare and hotel. If your job is willing to send you on a trip for a conference or job-related activity, you can very easily turn it into the cheapest vacation of the year. Opt to extend your stay over the weekend and all you have to worry about is your additional hotel costs, given that they pay for your airfare to and from to begin with.

4. Service sabbatical

It sounds crazy to think that some companies would pay while you fulfill your calling to serve and helping others, but that is what several well-known companies are doing to keep their employees happy and help make the world a better place.

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Two companies known for offering this are Deloitte and Timberland.

5. Flexible spending account / per diem

When working, and especially traveling, for many companies, they will cover your per diem (“per day” in Latin), which is the amount allocated for expenses or expenses covered. They usually vary in price depending on the cost of living in the area that you are visiting. For those frugal individuals, you may not end up spending all of the per diem on food or other expenses, therefore you will essentially net the additional cash. Additionally, something that can be negotiated into the per diem or otherwise is the car allowance. A car allowance is a set amount of money that a company agrees to pay its employees for their vehicles, and sometimes gas. It is usually just added to their income and not taxed. A car allowance is easier to manage than a company car and gives many benefits to employees.

6. Gym membership

Many companies are emphasizing the benefits of preventative healthcare and one way to work this to your advantage is to convince your boss to cover your gym membership. This will be untaxable income in your pocket.

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7. Telecommuting / work from home

While this doesn’t immediately seem like a way to earn more, working from home poses significant benefits. The first being time. You eliminate the morning and afternoon commute to and from work. Working from home for three days per week can add six additional hours to your schedule you did not have before. Additionally, you are saving on gas, as well as wear and tear on your car.

In your next annual review, or a quick conversation, be sure to discuss a few of these perks with your supervisor. You may be pleasantly surprised with the outcome.

Featured photo credit: just get my money, forget the haters ;* / Megan mjdweuirjhfiu via flickr.com

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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