How to Make More Money (Without Salary Negotiation)

Everyone should negotiate their salary. Research It's clear: If you ask for more money, you're likely to get it, and if you don't try, you'll miss out on a lot of salary and raises over the course of your career.

But even if you know you should make more money, you may be hesitant to ask. This is normal - in a Payscale survey, 28% of respondents who had never asked for a raise said they felt uncomfortable negotiating salary.

The good news is that salary negotiation is just one way to increase your salary. Learn about some others.

Find a new job

Changing jobs can be lucrative. Data from the personnel service provider Hays show , that wages can increase by 10 to 15% when workers change jobs. For workers who stay at the same job, wages only increase by about 1% per year on average.

The best time to negotiate salary is when you start a new job. Most hiring managers expect new hires to make a counteroffer and plan accordingly. So if you're changing jobs to make more money, you should negotiate your offer.

Transfer to another department

Do you love your employer, but want more money? Ask about a transfer to another department of the company. Watch for signs that other teams in the company have more room for growth - for example, when employees get promoted, receive bonuses, or move on to more lucrative jobs and employers if they decide to leave the company.

Learning hot skills

Learning in-demand skills can help you get promoted, get a better-paying job, or make more money without changing anything. The final option depends on whether your company places a high value on certain skills - and recognizes the value of those skills in salary planning. Ask your manager which skills are most important for your position.

Use your transferable skills for a new job

Do you feel like you're at a dead end career-wise? You may be working in a career field that doesn't have much room for growth. Statesman publishes statistics on market and consumer data. You can see the forecasts for your profession by searching relevant data of your market.

The transferable skills are either "hard skills" (job-specific knowledge such as programming languages) or "soft skills" (social skills such as listening, communication or emotional intelligence). These skills can help you get hired in more than one role or industry.

For example, let's say you have work experience in the hospitality or food service industry but want to move into sales. You can use your customer-facing skills and experience to impress hiring managers in your new field.

If it seems like your job is becoming less important, don't despair. Chances are, you'll be able to use many of the skills you've learned in a new field with better prospects.

Look for jobs at companies with transparent salary policies

Increased salary transparency makes it more difficult for companies to pay employees unfairly. Over time, an open pay policy can help narrow the gender pay gap and eliminate pay inequality.

Of course, knowing that you have the right to talk about your salary is not the same as feeling comfortable talking about your salary at the lunch table. So if pay transparency is important to you, you should find a company that shares your values.

In recent years, a number of companies have committed to pay transparency, including Buffer, Whole Foods and Starbucks. This means something different for every company - some, like Buffer, publish the exact amount for each salary earned. Others offer salary ranges for each job title and insights into how employees can earn more.

But any kind of salary information is better than what you get from most employers, where salary is typically a black box. So if you are looking for a job and want to know exactly what your salary will be, you should look for employers who are transparent about their salaries.

Conclusion

• If you ask for more money, chances are you'll get it.
• You may be able to stay with your current employer and move to a better paying position.
• If you work in a job with poor career prospects, consider using your transferable skills to move into a better-paying field.