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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 12, 2019

20 Inspiring Vision Statement Examples (2019 Updated)

20 Inspiring Vision Statement Examples (2019 Updated)

There is normally a lengthy list of things you need to consider when starting a business, and if you don’t manage them properly, your excitement can quickly turn into overwhelm. What can support you to stay inspired and on the right track when starting out? You guessed it: this is your vision statement.

What Is a Vision Statement?

A vision statement is like a photograph of your future business, which gives your business shape and direction.

A vision statement provides the direction and describes what the founder wants the organization to achieve in the future; it’s more about the “what” of a business. It is different from a mission statement, which describes the purpose of an organization and more about the “how” of a business.

If you were to take a photo of your future business now, what would it look like? What do you want your business to be recognized for one day?

You need to have a crystal clear vision when you start out, otherwise you can get easily lost in deciding the best way forward. When you are making strategic decisions for your business and even daily operation decisions, your vision statement will give you the inspiration and targeted direction you need.

The Importance of a Vision Statement

Without a vision statement, your business will lack motivation to keep going.

If you don’t aim for anything, you might not hit anything. The more specific and clear you are, the better your chances are at seeing your vision turn into reality.

The importance of a vision statement cannot be overlooked; not only does it provide long term direction and guidance, but it also gives you the inspiration and the necessary energy to keep going when you feel lost.

Always keep your vision statement alive by revisiting it regularly and communicating your vision with other members of the team, to inspire and motivate them as well.

How to Craft an Inspiring Vision Statement

1. Dream big and use clear language

An inspiring vision statement should inform a clear direction and priorities for the organization, while challenging all the team members to grow together. Based on our expert sources’ advice, we’ve got some great tips for you:

  • Imagine how you want the business to be like in five to ten years.
  • Infuse the business’ values in the statement.
  • Make sure that the statement is implying a clear focus for the business.
  • Write your vision statement in the present tense.
  • Use clear and concise language.
  • Ensure the statement is easily understood.

There are many different types of vision statements and there is no wrong or right way to do it. The most important thing is to resonate with it. It will always inspire you and give you a clear targeted direction.

2. Get inspirations from the successful companies.

Having researched on a number of successful companies’ vision statements, I’ve shortlisted 20 good examples for the new startups:

Short vision statements made up of a few words only:

1. Disney

To make people happy.

2. Oxfam

A just world without poverty.

3. Ikea

To create a better every day life for the many people.

Quantitative statements are based on numbers, quantities:

4. Microsoft

Empower every person and every organization on the planet to achieve more.

    5. Nike

    Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

      Qualitative statements are based on qualities that you want to have:

      6. Ford

      People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership.

      7. Avon

      To be the company that best understands and satisfies the product, service and self-fulfillment needs of women—globally.

      Competitor based statements – this type is becoming less common, but famous examples are:

      8. Honda – in 1970

      We will destroy Yamaha.

      9. Nike – in 1960s

      Crush Adidas.

        10. Philip Morris – in 1950s

        Knock off RJR as the number one tobacco  company in the world.

        Role Model Vision Statements – using another company as an example:

        11. Stanford University – in the past

        To become the Harvard of the West.

        12. Reach for Success – in the past

        To become the next Tony Robbins in self development.

        Internal Transformations vision statements:

        13. Apple

        To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

        14. Giro Sport Design

        To make sure that riding is the best part of a great life.

        15. Tesla

        To accelerate the world’s transition to sustainable energy.

        16. Sony

        To be a company that inspires and fulfills your curiosity.

        17. Facebook

        To give people the power to share and make the world more open and connected.

          Longer and more detailed vision statement:

          18. Walmart

          To give customers a wide assortment of their favorite products, Every Day Low Prices, guaranteed satisfaction, friendly service, convenient hours (24 hours, 7 days a week) and a great online shopping experience.

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          19. Coca Cola

          To achieve sustainable growth, we have established a vision with clear goals:

          Profit: Maximizing return to share owners while being mindful of our overall responsibilities.

          People: Being a great place to work where people are inspired to be the best they can be.

          Portfolio: Bringing to the world a portfolio of beverage brands that anticipate and satisfy peoples; desires and needs.

          Partners: Nurturing a winning network of partners and building mutual loyalty.

          Planet: Being a responsible global citizen that makes a difference.

            20. Heinz

            Our VISION, quite simply, is to be: “The World’s Premier Food Company, Offering Nutritious, Superior Tasting Foods To People Everywhere.” Being the premier food company does not mean being the biggest but it does mean being the best in terms of consumer value, customer service, employee talent, and consistent and predictable growth.

            The Bottom Line

            Remember, always keep your vision statement up-to-date to direct your company’s actions.

            Remember, once you reach your vision, it needs to be changed. General Motors overtook Ford as #1 automotive company in the world because once Ford’s goal was reached, they never updated it.

            Keep your vision statement alive and visibly in front of you, revisit it and let it help direct your actions and activities. This is the fun part: this is where you get to dream really big and allow your imagination to fly as high as you want.

            Don’t hold back, let your creative juices flow and give yourself permission to explore what is possible for your business.

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            To your success!

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