10 NO BS Ways to Increase Salary 2023 | It took 10 years for me to learn this|How to Increase Salary
Vložit
- čas přidán 28. 07. 2024
- Management Consulting Program that I personally lead at Blue Chapter: bluechapter.com/consulting-ex...
If you are applying for fall 2024 MBA programs, check out the global MBA fellowship program: bluechapter.com/global-mba-fe...
*****
5 Ways to Improve Communication - • Improve your Communica...
*****
Follow me here LinkedIn - / pavan-sathiraju
Instagram - / pavan.sathiraju
*****
In this video, I shared 10 no-nonsense ways to increase your salary. A lot of us go to work because of job satisfaction but also because we get a good salary. Salary growth is often on an employee’s mind. This is because salary growth generally corresponds with career growth as well. Many of us don’t know how to optimize our salary growth apart from the 10-15% hike we get if we are lucky. In this video, I want to tell you things that you can do without stressing yourself to increase your salary.
So, the first on the list is building your own niche. Salary growth in IT sector is mostly not good enough for you in the long run. Even the salary growth in Infosys or salary growth in TCS won’t help you in the long run. You need to understand that building your own niche can give you the momentum to draw that high salary later on in the future.
Jack of all trades are not paid as much as a master of one single trade. In the first few years of my career, I was known as the Analytics guy. What are you known as? Build that one niche so that people can understand by looking at your resume in a very short time. You may say that the niche you are working in is not growing. This brings us to the next topic which is to orient yourself to work in a niche where you can grow.
AI, Machine Learning, Sustainability, and Digital Marketing, are all growing areas. Try to see how you can orient yourself to work in one of these areas. There are very few people who know these topics but the demand of folks who know these topics is pretty high. After building a niche in these topics you should try to build another secondary skillset to complement it.
You cannot do the secondary skillset before building a primary niche. If you are an analytics person then try to learn more about marketing analytics, if you are a backend guy then try to learn AWS as well. You need to have that primary and secondary skillset balance to perform better in the corporate world. From the recruiter's standpoint, it is difficult to find people who have the primary skillset plus the secondary skillset. Having both in your arsenal will definitely help you a lot. The third suggestion is to build that secondary income stream.
It can be through part-time work or moonlighting. Your company may say that moonlighting is banned. But go and see your CEO's LI profile. You will find that your company’s CEO is a board member in some other company as well. What they preach is different from what they do. You need to find additional sources of income. This does help to reduce the burden on your primary source of income.
The next thing is not to stick to the same job. You don’t need to change your job every year but at least try not to stay in the same job over a long stretch of time. Companies are not loyal to their employees. People come, take their salaries, and leave. Nobody cares about you in the corporate world. You need to prioritize your personal growth over everything else in the corporate world. The fifth way you can increase your salary is by exceeding the expectations in appraisal ratings.
You can ask your manager what you can do to exceed the expectations continuously. This can help you decide what can be done by you to ensure you get the exceeding expectations remark consistently from your top management. It order to get this remark, you need to go beyond your assigned tasks.
Only if you do that, your salary will grow exponentially. The next thing is that you can learn sales. People in sales are laid off very rarely and at the end only. Many people don’t prefer a sales job because of the many failures they have to face in it. Next, if you improve your corporate communication skills, it will help you grow your salary. You should manage your money properly. You need to avoid unnecessary EMIs. The ninth way is to go and increase your salary. Keep Learning.
*****
About Me
I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video
*****
Chapters
0:00 - Intro
0:40 - #1 Build your Niche
1:35 - #2 Growing Areas
3:20 - #3 Part-time work
4:48 - #4 Switch Jobs
5:57 - #5 Appraisal Ratings
6:53 - #6 Learn Sales
8:33 - #7 Communication Skills
9:40 - #8 Financial Management
10:35 - #9 Ask for a Hike
11:25 - #10 Keep Learning
12:44 - Outro - Zábava
Another way to earn more money is by creating nice CZcams videos like Pavan 😂🤣
Best option
It's not easy. Lot of struggle there as well
The part about collaboration not competition is so true. Most of the key opportunities I have got in my career has been due to the relationships I was able to build. Important yet overlooked way to grow in any organization (and salary) for young people.
Awesome information packed video.
Another great content Pavan garu, it's really helpful for experienced people like me to stay in right path!!!!
Love your series Pavan, more power to you
Great to knew many of useful info from this video.. Thanks for your hard work Pavan .
This is pure gold. Thanks, Pavan.
Hey Pavan, Thank you for this Video. Very helpful and thought provoking.
Can you please make a video on how to reach the Executive level in Communication? Please share the pointers.
Thank you Pavan sir for sharing valuable points regarding salary growth 📈
'Prioritizing your growth over company's growth'
Gem 💎
This channel is so underrated, it should reach more audience. Lot of power to you sir.
Nice content😊
Well said brother💯 👏👍
Content 🔥
Hi Pavan. How can I connect with you. Are you available on Topmate?
Also since this was a long video with 10 points I think concluding points at the end would help what say? Like in a slide with 10 points added at end?
Hi sir , can you please elaborate on how java developer is related to AEM ?
Your content is just a gold mine for those who are new in the corporate environment .
Keep posting such knowledge videos sir ... Very helpful to us. ❤
Good video, but I'm not sure where you explained the "collaboration " which you said is the key to success/ salary increase in today's times
4.40
So u r saying jack of all trades like full stack developer will b paid less than a backend or frontend developer?
Nice
Sir you've mentioned sales & communication skills here what would be some best books to read for on this topics..
"Learn Sales" - can there be any guidance in this area?
It’s really helpful video
What are your suggestions for a person with 20 years of experience?..please suggest!
Sir i have a doubt, jack of all usually earns more i.e. managers/executives, but master of one earns less. That s what i have seen, but you said opposite, why?
This is same I have seen.
I’m working as Windows application developer with VB and Sql for 6 years.. I’m good at Sql and VB, is there any idea or skill to upgrade and to make my job change based on my knowledge ?
Can u help me with this?
Like what you are better at like if you want VB -> visual basic [Correct me if i am wrong] with your experience it would be either take 2 paths one is go deep inside .net core or to get data roles so you can strive for these 2 both have an equal amount of opportunity and would require lot of time to master so pick that suites you the most.
Also at this stage, both role are adjoining and you will gain something from your current experience in terms of your salary .
Also as a side note do work on systems and other related architecture or specialist level things as you can be moving into that role very soon ie in next 4-5 years and firstly learn and switch
One thing i dont agree with is jumping over to sales. How can a software engineer who loves codig jump to sales? 😂
Be rest assured that you have missed nothing !
Become an employer instead of employee.
liked without watching the videos fully
I love your content
Thank you!!!
Your videos are in need of an hour
Sir I am learning data science should I go for ai
Deep data science it self is AI
Hope this helps - Choose AI if you enjoy creating algorithms, machine learning, and automation. Opt for data science if you prefer working with data to extract insights and make data-driven decisions. Both fields do overlap, so consider your specific interests and career goals.
@@BabbliShetty adding you, some knowledge about business acumen to develop.
@@BabbliShettyhi sir i am cloud devops engineer, everybody saying that AI is growing, i also have interest in AI, but dont know what should i start learning , which course should i do... ? Kindly help me in order to learn AI what should i learn first?
11:01
There is a man who lost his almost all respect with one advice to young people.
Avoid it.
😂😂😂.