Key Moments
How to Make More Money in your Job
Key Moments
Learn 9 strategies to increase your income within your current job by improving relationships, visibility, and communication.
Key Insights
Prioritize your relationship with your boss; their perception significantly impacts your career and well-being.
Thoroughly prepare for one-on-one meetings by documenting progress and career goals in structured categories.
Proactively communicate your achievements and plans to your manager through regular updates, like a Monday morning email.
Frame your communications and requests around the value you bring to the company ('you-focused') rather than just personal benefit ('I-focused').
Practice concise and impactful communication ('taming the octopus') by identifying key points and offering solutions with a viewpoint.
Become an 'energizer' by being a net positive contributor to the team's energy and morale.
Schedule dedicated career development conversations to discuss growth, promotions, and raises with your manager and potentially their superiors.
Collaborate with your manager on achieving a raise or promotion by using open-ended 'what' and 'how' questions.
THE STRATEGIC IMPORTANCE OF YOUR BOSS RELATIONSHIP
The most critical factor in advancing your career and financial security within your current job is cultivating a strong relationship with your manager. Your boss holds significant influence over your raises, promotions, and project assignments. Beyond career progression, this relationship profoundly impacts your daily happiness, productivity, and overall well-being. A positive rapport fosters confidence and a sense of momentum, making it easier to achieve career goals and enjoy your work.
PREPARING EFFECTIVELY FOR ONE-ON-ONE MEETINGS
Regular one-on-one meetings with your manager are prime opportunities for career advancement, but they require diligent preparation. Instead of minimal or no preparation, structure your document with distinct categories such as business, operations, people, and career. Documenting specific achievements, challenges, and development goals with data and links ensures your manager understands your contributions and aspirations, highlighting your value beyond just completing tasks.
ENHANCING VISIBILITY THROUGH PROACTIVE COMMUNICATION
Relying solely on good work to speak for itself is a fallacy; visibility is crucial for career progression. Managers are often overwhelmed and cannot track every individual's contribution. Sending a concise weekly update, such as a 'Monday Morning Email,' detailing last week's accomplishments and this week's priorities, provides essential visibility. This brief, consistent communication allows your manager to stay informed and recognize your efforts, demonstrating proactivity and commitment.
MASTERING 'YOU'-FOCUSED COMMUNICATION
When communicating with your boss or in job interviews, shift the focus from 'I' statements to 'you' statements. Frame your contributions and requests in terms of how they benefit the company and your manager. For example, instead of stating 'I want to learn X,' explain 'My skills in Y can help your team achieve Z goal.' This approach demonstrates that you understand the company's objectives and are focused on adding value, making you a more attractive candidate for advancement.
COMMUNICATING WITH CONVICTION AND CLARITY
Developing the skill of 'taming the octopus' – communicating succinctly and with conviction – is vital. This involves pausing to gather your thoughts, identifying the most important points (typically three), stating them clearly, elaborating briefly, and then summarizing. Using a 'Grab First Slide' template for presentations ensures key information and requests are upfront. Offering well-researched options with a clear point of view also impresses leadership by demonstrating strategic thinking and preparedness.
BECOMING A NET POSITIVE ENERGY CONTRIBUTOR
Being an 'energizer' – someone who adds positive energy and morale to the workplace – is a highly valued asset. Managers look forward to meetings with energizers, while draining individuals are often avoided. Research shows that energizers receive better evaluations, promotions, and higher pay. Focusing on contributing positively to your team's environment, rather than being a source of negativity or complaints, can significantly enhance your relationships and career prospects.
STRATEGICALLY SCHEDULING CAREER DEVELOPMENT CONVERSATIONS
Proactively scheduling dedicated 'career development conversations' is essential for outlining your growth path. These meetings should be distinct from regular one-on-ones and focused on your aspirations for promotions and raises. Don't hesitate to engage in these discussions not only with your direct manager but also potentially with their manager. Building relationships across different levels of management increases your visibility and the likelihood of positive decisions regarding your career advancement.
COLLABORATING ON SALARY AND PROMOTION GOALS
When seeking a raise or promotion, approach it as a collaborative effort with your manager. Instead of closed-ended questions, use open-ended 'what' and 'how' questions, such as 'What would it take to achieve a promotion within six months?' or 'How can we work together to secure a raise?' This invites your manager to participate in the process, fostering buy-in and increasing the chances of a successful outcome by making them a partner in your career progression.
Mentioned in This Episode
●Software & Apps
●Companies
●Organizations
●Books
●People Referenced
Strategies for Earning More in Your Job
Practical takeaways from this episode
Do This
Avoid This
Common Questions
Focus on excelling in your current job. Strategies include becoming your boss's favorite employee, preparing diligently for meetings, and proactively communicating your accomplishments and goals to management.
Topics
Mentioned in this video
Google's largest career development program, founded by Jenny Wood.
Institution where Professor Grace Lorden teaches.
Former Google executive, Harvard Business School researcher, and founder of the 'Own Your Career' program. Author of 'Wild Courage'.
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