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3 things to make more money at your job

Name: 3 things to make more money at your job
Uploaded: 2023-01-14T23:00:07+00:00
Duration: 54 s
Channel: Shanli Liu, CPA, CTP
Description: In this concise career‑advice monologue, the speaker explains that an employee’s compensation is tied to the leverage they provide the…

14 Jan 2023 · 1 min

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In this concise career‑advice monologue, the speaker explains that an employee’s compensation is tied to the leverage they provide the organization—essentially the value they generate relative to their salary. He identifies three levers that can increase that leverage: (1) Effort, meaning consistent, industrious work; (2) Education, meaning self‑directed learning that saves the company time and money on training; and (3) Experience, meaning external roles such as volunteering, internships, or other jobs that bring ready‑made skills and reduce onboarding costs. The speaker advises listeners to assess which lever their manager values most and to focus on developing that area, ultimately positioning themselves for higher pay.

Chapters

There's 3 things that you can do to make more money in your current job. You're paid according with how much leverage you bring to that organization. Leverage would be, I pay you $80,000 a year and you provide me with $500,000 a year in valuable income. If we think about how we can increase that, there's 3 ways. There's education, experience, and effort. Effort is how hard you work. It's the effort that you put in day in, day out. It's doing industrious work. Education is how educated are you. Organizations have to spend time educating people, but if you can buy them that time back by educating yourself, then you are creating more leverage for them. And then the third is experience. If you can go get outside experience by volunteering, by taking internships, by doing other jobs, then you're going to give them more leverage because they don't have to spend the time training you. You buy them back that time with your experience from other past things. If you're looking at all three and you're saying, well, how do I get paid more? Focus on the one. Even ask your boss, say, which one of these would be more valuable to you? If you put that into play and you focus on it, you will eventually be paid more.