Monday, December 11, 2017
Business

Learn how to get a high-paying job

Want a bigger paycheck? Of course you do. There’s nothing wrong with wanting to get a job where you can make money — lots of it. In fact, 63 percent of workers said compensation was "very important" to overall job satisfaction, a recent Society for Human Resource Management survey found.

Unfortunately, the average raise is only 3 percent, according to WorldatWork’s 2017 Salary Budget Survey. So how can you make money fast instead of waiting for your salary to grow over time? By revving up your job search to focus on jobs that pay well. That sounds obvious, but there’s actually a science behind it.

Wharton management professor Matthew Bidwell found that external hires get paid, on average, 18 percent to 20 percent more than internal workers who get promoted to the same position. Translation: To see a big pay increase, switch companies.

But how exactly do you find the highest paying jobs in today’s competitive workplace? The answer is pretty straightforward.

Establish yourself as an expert in your field

To make yourself more attractive to prospective employers, you should focus on not only building your brand but also marketing yourself as an expert in your industry, says Thea Kelley, a job search and interview coach in San Francisco. She says there are a number of ways to do this:

• Look for opportunities to speak at industry conferences

• Find podcasts or online radio shows that will welcome you as a guest

• Write about your field either on a blog or self-published eBook

• Post regularly on social media

• Create informative videos and a YouTube channel

• Pick up part-time work as a consultant

Taking these steps can also help you gain exposure to recruiters and headhunters.

Cross-train to learn skills

One of the best ways to strengthen your resume is to demonstrate you’ve pushed yourself to learn skills to boost your areas of expertise. To achieve that, you’ll need to create cross-training opportunities for yourself, says Teri DePuy, a Colorado-based career coach at ICC Innovate Coach Consult. "You don’t just want to go to your boss and say, ‘I want to learn more about our marketing department.’?"

A better tactic, she says, is to ask for permission to work on a specific project or task — and offer something in return. For example, "Bob in IT is willing to let me shadow him for a day. Can I do that and then share with our team what I learned?"

Develop leadership skills

No matter how much the job market shifts, one skill that’s always in demand is leadership. You have an advantage if you’re already in a management position, since you’re developing your leadership ability just by overseeing direct reports. But if you’re not a supervisor yet, there are other ways to develop leadership skills.

You can offer to mentor an entry-level employee, lead a training seminar or develop a volunteer program to improve the company’s image. Craig Toedtman, an executive coach in Blue Bell, Pa., says you can also sharpen your leadership skills outside your job by taking an executive position at a professional association or nonprofit.

Research companies’ financial health

Before you apply to jobs, create a list of employers that are hiring that you’d like to work for and do an analysis of each company’s financial health and stability. The better off they are financially, the more likely they are to pay employees well.

You can research this a few ways. If it’s a public company, look at recent quarterly earnings reports to see profit margins and net sales. (Those are good indicators of financial growth.) If it’s a private business, you may have to do a little more digging by looking at reviews on Kununu to see if the company is known for good compensation and career development.

Take smart risks

To make a big salary leap, you’ll likely have to push yourself outside your comfort zone and apply to high-paying jobs that might seem like a stretch.

"Disregard the barriers to entry," says Toedtman. "If you see a job you want, and you feel you can do it well, don’t hesitate to apply."

Focus on what you bring to the table and how you can add value to the company’s bottom line. Give examples that demonstrate you’re a problem solver who can take on challenges and turn them into accomplishments.

© 2016 — Monster Worldwide, Inc. All Rights Reserved. You may not copy, reproduce or distribute this article without the prior written permission of Monster Worldwide. This article first appeared on Monster.com. To see other career-related articles, visit career-advice.monster.com. For recruitment articles, visit hiring.monster.com/hr/hr-best-practices.aspx.

Comments
Tampa: Hundreds protest Trump’s decision on Jerusalem

Tampa: Hundreds protest Trump’s decision on Jerusalem

TAMPA — Hundreds rallied near the University of South Florida on Friday night to protest President Donald Trump’s recent declaration that the United States will recognize the divided city of Jerusalem as the capital of Israel.The protest was organize...
Published: 12/08/17
Updated: 12/09/17

Duke outage leaves 7,700 without power near Pinellas Park

PINELLAS PARK — Up to 7,700 customers across Pinellas Park, Lealman and Kenneth City lost power in a Thursday night outage, according to Duke Energy.The outage impacted a cloverleaf-shaped area of customers, with pedals extending in the cardinal dire...
Published: 12/08/17
Express lanes set to open on Veterans. They’re free -- for now.

Express lanes set to open on Veterans. They’re free -- for now.

TAMPA — Drivers on the Veterans Expressway will gain an extra lane from Gunn Highway to Hillsborough Avenue starting Saturday.But there’s a catch: Once drivers enter the lane, they won’t be able to leave it — not until a designated exit about six mil...
Published: 12/08/17
St. Petersburg chamber of commerce charts ‘Grow Smarter’ economic development strategy

St. Petersburg chamber of commerce charts ‘Grow Smarter’ economic development strategy

Times Staff WriterST. PETERSBURG — What started more than five years ago as an exploratory conversation among a handful of business leaders blossomed Friday into a full-blown community discussion of how to nurture business while working to make sure ...
Published: 12/08/17
Visit St. Pete/Clearwater makes Orlando tourists a top target

Visit St. Pete/Clearwater makes Orlando tourists a top target

In a decision driven by some major data crunching, Visit St. Pete/Clearwater next year will focus its tourism advertising on three target markets: Orlando, New York City and its Tampa Bay home."Research is going to dictate our behaviors and direction...
Published: 12/08/17
Having JW Marriott run Water Street Tampa’s new 519-room hotel expected to help Tampa pursue more upscale conventions

Having JW Marriott run Water Street Tampa’s new 519-room hotel expected to help Tampa pursue more upscale conventions

TAMPA — JW Marriott, a luxury hotel brand new to Tampa, will run the new 519-room hotel that the Water Street Tampa project is building next to the Marriott Waterside Hotel & Marina, developers announced Friday.Construction on the 26-story hotel is ...
Published: 12/08/17

Gravel spill shuts down parts of northbound Howard Frankland Bridge

TAMPA — Authorities are cleaning up a load of gravel spilled onto the northbound Howard Frankland Bridge on Friday afternoon, shutting down at least two lanes of traffic.The incident was reported at 2 p.m. on the stretch of the bridge drivers approac...
Published: 12/08/17
A longer wait: Some now try nearly 3 years to get disability insurance

A longer wait: Some now try nearly 3 years to get disability insurance

By the time Teralyn Fleming could finally plead her case to get federal disability insurance, she had been waiting two years and three months. The wait was not a peaceful one — a blood clotting disorder pushed her out of the workforce in 2015 ...
Published: 12/08/17
Why has bitcoin’s price shot up so fast?

Why has bitcoin’s price shot up so fast?

SAN FRANCISCO — Bitcoin has been in a bull market like few the world has ever seen.At the beginning of the year, the price of a bitcoin was below $1,000. It hit $5,000 in October, then doubled by late November. And on Thursday, less than two weeks la...
Published: 12/08/17
U.S. employers added 228,000 jobs in November, unemployment rate stays at 4.1 percent

U.S. employers added 228,000 jobs in November, unemployment rate stays at 4.1 percent

WASHINGTON — U.S. employers added a robust 228,000 jobs in November, a sign of the job market’s enduring strength in its ninth year of economic recovery. The unemployment rate remained at a 17-year low of 4.1 percent, the Labor Department reported F...
Published: 12/08/17