We asked Paysa users what has worked for them to make more money. Here are their answers. We limited answers to tech professionals. You’ll noticed some interesting themes in the answers. Enjoy!
Q. What has worked for you in the past to make more money?
A: Switching to another company. This is the only way to get a guaranteed raise.
A: Job commitment and learning new skills whether that be self taught or provided by my company.
A: Research the market you’re in, pull data from salary sites. Create a reason for the employer to pay you more and always ask for more than what you actually want to try and meet somewhere in the middle.
A: Find a boss who acknowledges and appreciates your skill set. A boss who has sway, new to the job potentially, and wants to build a team of top performers will have more leeway in paying more
A: Finding the right niche for both parties usually works well. It great when you know both can benefit, and grow together.
A: Working hard to get my employers to recognize how skillful I really am in order to receive raises and prove my loyalty to the company
A: 1. Learn more about stuff related to your career (eg knowing reactive or functional programming is worth more than not knowing those things). 2. Learn more about stuff orthogonal to your career (eg knowing software engineering for a specific industry is worth more than just knowing software engineering). 3. Learn a niche related to your career (eg knowing security software engineering is worth more than just knowing software engineering). 4. Learn to be more efficient and productive. Do the above consistently. Over the years, the learnings will compound.
A: Learning more open source technologiea, Adapt DevOps skills and automation and be a coach in tbe company.
A: The quickest path to compensation increase has been taking jobs at different companies.
A: Read through Josh Doody’s book Fearless Salary Negotiation. For me the best raises have come when changing jobs or getting counter offers. I’ve had one good raise for staying at a company all other raises for loyalty have been 2% and lower.
A: Improved technology skill set. Took on larger projects. Introduced management processes to teams.
A: Taking ownership of results, having a commitment to continuous learning, and a strong work ethic.
A: Switch job regularly every 2 years or so. Interview annually to keep yourself sharp and know your market worth.
A: Ambition. Critical self-evaluation. Always striving to do better. Learning new skills, or expanding on my current skill set. Demonstrated proficiency in taking on special projects when necessary. Being involved in my professional development.
A: Impactful projects, technical challenge, communication, leadership skills.
A: special initiative project having more visibility.
A: Self-education and rebranding. First, educational options are available online for free (Open Source Data Science Masters) which are high value. The second in that you will have to go through a process to accumulate projects, references, and generate a genuinely creative marketing campaign for your self.
A: Obtained a promotion, took on more scope, developed new technical skills.
A: Straight up asking for a raise. It helped that I had a competing offer from another company that was willing to pay me more.
A: By learning a new technical IT skill that is in high demand, I’ve been able to make more money.
A: The most successful way I have found to significantly increase pay is to change companies.
A: I have 15+ years of technical and team leadership in predominately male fields. Many times I was the first woman to join or lead a particular team. I worked hard, was persistent, built good relationships and also asked to be appropriately rewarded for the significant results I delivered.
A: Just Ask. Only caveat being, this is far more effective in the job interview than at your current job.
A: Machine learning algorithms, python skills, on-time completion of work.
A: Looking for new jobs, that require more skill and dedication, also it has worked for me to relocate to other countries where my career is more valuable and in demand.
A: Changing employers, every 3 years, has been the most effective way that I’ve found to increase my salary.
A: Obtaining more education, taking on more leadership roles, working another job
A: Being able to distinguish my work from others. Add to that taking initiatives on the right timing and ask for more responsibilities. Showing leadership through mentoring others and cross functional work.
A: Just ask for more money, indicating how your workload and responsibilities have changed, and how your personal contributions to the business have added value. The hardest part is getting the timing right, but worst case they say “No.” If they reject your proposal, the only other way to make more money is to switch jobs.
Personally, like that last one 🙂
How about you? Join the conversation.