A One-Step Guide to a Better Job and More Money
There are hundreds of tips out there on how to become a better employee. I should know — I wrote a whole series about it. If you want to build a case for a raise or a new job altogether, this is a fine way of doing it.
But lately I've become a fan of making one sweeping change instead of lots of small ones. Trust me: it'll be easier for you to remember the one "big" thing you can do to open all kinds of new doors for your career.
So what's the secret to making more money and getting better and better jobs? Perform.
Forget about sucking up to your boss or doing favors to get in good with management. It will never be as effective as outperforming the expectations that were set on you.
And this is where it gets complicated: what are the expectations your employers/bosses have of you? Sometimes it's easy to tell — goals and targets are handed down and your task it to exceed them. That's if your lucky.
If your employer doesn't give you targets or goals, you need to have a sit down with your boss so you're crystal clear on what is expected of you and what the ultimate goals are for you and your team.
Trust me, your boss will much rather have a meeting about clarifying goals than a meeting where an employee is whining that he/she wants more money. Once you crush the goals, you'll be able waltz in and say, "OK, you know the drill. I crushed the goal so let's talk."
How Traders Get Rewarded
Traders are lucky: their bonuses are simply a matter of plugging in how much money you made for your firm, multiplying it by the percentage the company pays its traders, and boom — there's your bonus. How simple is that? It would be great to get paid like a trader because it takes a LOT of the grey areas out of the equation.
If you're a manager and want a clear-cut example of how this can work for your benefit, check out From Worst to First, the story of Continental Airlines and how one man came in and turned the airline around in less than a year. You'll read his mantra repeated over and over again:
What you reward and measure is what you get.
As an employee, you need to be clear on what you're being measured on so you can outperform the goal and put yourself in the best position to ask for a reward.
I'm sure there are people out there with horror stories of outperforming their goals and not getting what they want, and I'd love to hear some of them.
But I'm willing to get that, at most companies, they want to keep the people that are going above and beyond to provide results, and that's why my advice to everyone out there is to find out what you're being measured on and then beat those goals up with a big stick.
This post was included in the latest Carnival of Financial Independence.