Three Tips that Can Boost Your Next Paycheck

Friday, December 27, 2013, AM | Leave Comment

In the wake of the 2008 Financial Crisis, many hourly employees are finding that their hours have been cut back or their pay has been cut, if they even still have a job in the first place. Money has become harder to come by and purse strings have been tightened in the past several years. Many employees, however, have some tricks at their disposal for making more money.

Three Tips that Can Boost Your Next Paycheck

Here are three tips that can boost your next paycheck.

  1. Do Some Research

    Make sure the amount that you are being paid is nearly the same or more than the average in your field. You can go onto websites such as Payscale.com that will allow you to compare your salary to that of others in your field or even at your company, in the case that you work for a larger firm. The information is online.

    Once you have done your research, go to your supervisor and talk to him or her about your salary, based off the information that you have found online. Of course, if your salary is already competitive to what others are making, you can still use classic negotiating strategies in an effort to bring home a bigger paycheck.

  2. Gain Some Skills

    Read industry publications, be up-to-date on the current happenings and latest trends in your field, and develop skills that your employer will find useful. An extreme case of this is going to college to get an associate’s/bachelor’s/master’s degree, while a more short-term example of this is taking a short course in a subject relevant to your work.

    The good news is online learning is increasingly attainable and more popular than ever, so many options exist that you can easily learn about.

  3. Work Overtime

    The overtime pay in most places is 1 1/2 the amount of your total pay. This is the case in most U.S. states. There are a few differences; it is proposed that overtime pay in Connecticut be tripled for employees that work on Thanksgiving.

    Consider it this way: would you rather have your employer restricting your hours or trying to get you to work more than 40 hours a week? If you could use the extra boost in your paycheck, talk to your employer and try to work something out.

While there are entire books written on increasing your paycheck at work, these tried and true methods should be the starting points for most people. Put them to use and you may find a little extra comfort with a nicer paycheck.

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