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How To Make More Money As $50K Employee

Name: How To Make More Money As $50K Employee
Uploaded: 2022-04-03T15:00:24+00:00
Duration: 26 s
Channel: Shanli Liu, CPA, CTP
Description: In this segment, Shanli Liu, CPA, CTP, advises $50,000‑salary employees on a negotiation tactic to boost earnings before their next job interview. She…

3 Apr 2022 · 0 min

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In this segment, Shanli Liu, CPA, CTP, advises $50,000‑salary employees on a negotiation tactic to boost earnings before their next job interview. She explains that many companies prefer to allocate a larger portion of compensation to variable, performance‑based pay rather than a high fixed base, but employees often resist such structures. Liu suggests that when a prospective employer offers a base salary (e.g., $65,000), the candidate can propose taking a lower base (e.g., $50,000) in exchange for a variable component that could raise total compensation to $90,000‑$100,000 depending on departmental or role performance. This approach leverages the employer’s willingness to shift pay risk while giving the employee upside potential.

You're a $50K employee looking to figure out how you can make more money before you go for your next interview. Do this. So what most people don't know is that most businesses would love to pay people less of a base salary and more variable compensation, but they know that most employees don't actually want to take that. Here's the thing: if you go into a place and they're saying the base salary is $65 grand, you can come in and say, what if I take $50 and then I have variable compensation up to $90 or $100 grand based on the performance of my department or my part of the company or my role?