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Is Loyalty Hurting Your Salary?

Eat Your Career

Salary Discrepancies Between New Hires and Current Employees. According to Business Insider , the salary gap between new hires and current employees is 7% nationally and this is “inverted.” In many cases, these folks are not only negotiating more than they were earning previously, but more than their new colleagues as well.

Salary 290
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U.S. Workers Demand Higher Wages Amid Inflation and Labor Market Strains

Allwork

The data provided by the New York Fed serves as a critical indicator of the economic pressures facing both employees and employers, and it suggests workers are increasingly motivated to negotiate for higher wages. Interestingly, while workers are setting their sights on higher wages, employers seem to be pulling in the opposite direction.

2024 267
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Why I Negotiated for a 4-Day Workweek Instead of a Raise

Success

Upon reflection, I’d realized that a salary bump would not improve my vitality, but more free time absolutely would. The arrangement was a life-line; I could come up for air. At its heart, the conversation was a re-frame: I was receiving a pay increase—the same salary for reduced hours—I just wouldn’t see the increase in my paycheck.

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How to Upskill Yourself to Earn More Money 

Success

Upskilling, or the process of taking your skills to the next level at work, can be a great way to increase your value at your current company and help you negotiate a higher salary when you start looking for your next employment adventure. Low cost or free skill upgrades. Identify your blind spots. Final thought.

Salary 325
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10 Best Tools to Help You Land Your Dream Job [2021]

Success

And if you’ve worked in the same position for years, you might need some brushing up on your office skills and resume building too. Grow with Google offers free online tutorials and productivity tools to bring your office software and application skills up to date. Employees are leaving their jobs in record numbers.

2021 312
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The 6 Biggest Financial Mistakes to Avoid in Your 30s

Success

That keeping up with the Joneses can lead to expenses surpassing income—and the debt that comes with it. She advises her clients to have a full picture of the total cost involved in owning a home, which includes a down payment, mortgage, homeowners insurance, property taxes and ongoing maintenance and repairs. There are tradeoffs.

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Everything You Need to Know About Emergency Funds

Success

Because you’ve thought ahead and set aside money for a rainy day, you’re less likely to use a high-interest credit card, take cash out of your retirement accounts or try to access the equity you may have built up in your home. To help you get started, focus on saving six weeks of your monthly costs to help you cover most minor emergencies.