How to Make More Money in 2020

The new year always signals a time of new beginnings and goal-setting. If your career resolution is to make more money in 2020, you’re in luck. There are several paths that can help you boost your earnings. Here’s a look at how landing a raise or promotion, launching a side hustle, and exploring new jobs in Cleveland, Ohio, could all help you achieve your goal. 

Score a Raise or Promotion

If you are generally happy with your current employer, then securing a raise or promotion might be a solid option. It allows you to remain with the company while enhancing your earnings.

Asking for a raise or promotion can be tricky, but it is doable. Begin by learning about your company’s practices for pay increases and promotions. That way, you can make sure you’re following any associated rules or standards.

Next, do some research and prepare a value proposition. If you can showcase that your compensation is below industry norms in your immediate area or that you’ve enhanced your capabilities substantially since your last salary increase, you may be successful. Ideally, you want to have evidence, so don’t be afraid to gather compensation reports and have specific examples of your contributions to back up your request.

Then, schedule a meeting with your manager. Go over your research and value proposition and express your desire for a raise or promotion. In some cases, this may be enough to land a pay increase. However, if your manager says “no,” it also creates an opportunity to request feedback. That way, you’ll know what you need to do to get a raise or promotion in the near future.

Start a Side Hustle

If you have skills that can be applied to side projects, consider freelancing for some extra cash. You can pick and choose projects that align with your interests and capabilities. Plus, you usually have an opportunity to set your own rates, so you can make sure that your compensation aligns with the amount of effort and expertise required.

A side hustle is a flexible option for increasing your earnings. You can do as much or as little as you want. Additionally, you can focus on your preferred niche, ensuring the work is engaging.

Find a New Job

Sometimes, your best option for making more money is to find a new position. If you can’t get a pay increase with your employer or aren’t happy with that company, starting a job search can be a smart move. You might be able to find better compensation with a competitor or secure an advancement opportunity that allows you to take the next step forward in your career.

Do You Need a New Job to Make More Money in 2020?

If you landing a new opportunity is your best path to an income increase in 2020, contact the experienced recruitment team at Vector Technical Inc. today. Our staff will provide you with the guidance and support you need to find and land an excellent position. If you want to start the job search process immediately, you can learn more about our available jobs in Cleveland, Ohio, on our website. Plus, you can send in your application online, ensuring you can get the ball rolling as fast as possible. 

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