Friday, October 24, 2008

Maximizing Your Long-Term Salary Growth

Even if you are happy with your current salary, that doesn't mean you can just sit back and enjoy it (unless we’re talking about an “owning-a-few-yachts salary.” Then by all means, sit back and enjoy it). However, the experts advise that if you want to get keep your earnings rising over the long term, you need a strategy to protect against salary plateaus and unemployment.

Here a few tips to follow:

• Watch industry trends carefully.
• If you reach a salary plateau, understand the reason.
• Make yourself marketable outside your company as well as inside.
• Consider multiple income streams.
• Don’t focus too narrowly on money.

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