How to double your salary
When you work as an employee, you’re essentially selling your time and skills. This is a business transaction like any other, where both parties try to get the best deal they can. You want to get paid as much as possible but your employer wants to give you the bare minimum.
In 2008, I got my first job as a Trainee Analyst Programmer. My starting salary was £17,000 and I was quite pleased with this given the state of the economy at the time. The company was going through a hectic time. Very disruptive changes required extensive support from the IT team, which was suffering from lack of resources. I was asked to offer a levels of service that would not usually be expected of a trainee and luckily for them, I was able to deliver. I won’t go into the boring details but for going ‘above and beyond’ my salary was increased to £25,000 after six months. After another six months, I was promoted. I basically did the same job but I dropped the ‘trainee’ status. At this point, my salary was increased to £28,000. The following year was quiet with nothing particularly interesting happening at work. I received a cost of living increase which increased my salary to £28,840. This year, my basic salary was increased to £30,000. At this time, I was told that I’m “on a path” or something equally obtuse. Reading between the lines, I think I’ll be promoted to Senior in 12 months time if I decide to stay with the company. I’ve also received £3,000 in bonuses this year and get paid for some extra support work so my total earnings this year from work are about £35,000.
I’m happy to say that I’ve doubled my salary in three easy years.
So why have they been so happy to throw money at me?
The following article covers my four tips for improving your salary, all taken from my practical experience over the last few years.