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Ways to Boost Your Future Salary Everyone is looking for a better income. In fact Bayt. com’s December 2012 poll “MENA professional’s New Year Resolutions” revealed that 48% of professionals in the region were set to request a higher salary for 2013 during their appraisals. However, most people ignore some of the basic factors that influence salary growth, and thus lose out on a potential raise. To help you out, the career experts at Bayt.com, offer you top steps to follow in order to boost your future salary:
1
Observing industry growth trends:
Keep
an eye on industry growth trends, as soon as you see the industry growth curve tapering downwards, or if the quarterly growth figures in your industry show a continuous decrease, it’s time to reconsider your career path. Some industries are more susceptible to economic transitions and it’s unwise to remain in a volatile industry for too long. Similarly keep an eye out for indicators of industry growth such as stock prices, large investments or an increase in vacancies in that industry. According to Bayt.com’s 2012 “Top Industries in the MENA” survey, the oil, gas and petrochemicals industry emerged as a regional leader in terms of satisfaction with salary, employee experience, and the perception of professionals employed in other industries.
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2
Invest in education and certifications:
Many
people are reluctant to pursue higher education thinking that they will have to part with their jobs. However, this concern is redundant as there are many institutions and management schools out there providing online courses and executive evening classes. All you need is some research and you will find the programme that suits your needs perfectly. Investing in higher education can be very beneficial and offer you big future pay-off. Less expensive options include obtaining online certificates in technical areas or industry-specific certifications. Bayt.com’s March 2012 poll on “Online Education and the Job Market in the Middle East” showed that 39.3% of professionals in the region would consider pursuing an online course if given a chance. Through investing in education, you will not only be adding value to yourself but also to the company, which will increase your chances of getting promoted, facilitate career transitions and enable you to negotiate for a higher salary at each stage of your career.