Making more money at work

Cash is something we all need, just to keep life ticking over.

If you don't feel like your job is getting you enough in terms of financial reward at the moment, there are several steps you could take…

Finding something new

It doesn't necessarily have to be a job with more responsibility. You may be surprised by how much difference there can be in pay for what seem like pretty equivalent positions.

Provided you enjoy your line of work, you could keep an eye out for other jobs like your own and check exactly what they pay.

But remember that cash isn't the be all and end all – it will be a trade off between whether you think you'll get as much or more satisfaction from this new job and how much it pays, as well as other considerations.

Tips

In many hospitality jobs it's often possible to make that bit more money through tips.

One issue with this is that you may never be quite sure quite how much cash you will make via this source in any given month. So while it can be nice for letting you buy little extras, it's possibly not an income stream to rely on.

That said, it may be possible to increase how much you attract in tips by really upping your game when it comes to quality of service.

People are more likely to tip above and beyond the minimum if they feel like they've had a service experience that was really special.

In some places, tips are not kept in full by the person who has prompted them and may be shared among employees.

Getting a promotion

It's always a good idea to keep your eye on potential promotions. But there are often reasons why this might not be completely in your control. If your company doesn't see a lot of staff turnover, more senior positions might come up rarely, for example.

You could open up your options by looking for steps-up outside as well as inside your current organisation.

Asking for a pay rise

This is one that's unlikely to be successful for brand new employees. You're most likely to be able to ask for more pay from an organisation if you can show you're doing more than they originally employed you for, and are worth a bit of extra dosh.

Be sure you have a set of convincing reasons for your request.

Putting in extra hours

It can be a pain, but making sure you're always up for some extra hours can be a great way to boost how much cash you take home in a given month.

Getting more than one job

As we've already reported, about a sixth of UK adults have a second job, or so thinkmoney research suggests. Half told researchers this is for additional spends, a third that they wouldn't have enough cash to survive on just one of their jobs.

"Whilst extra income is always welcome, working all hours can put a real strain on health, family and relationships," thinkmoney's Ian Williams's noted, in some useful advice about not biting off more than you can chew!

Leave a Reply

Your email address will not be published. Required fields are marked *

ERROR: si-captcha.php plugin says GD image support not detected in PHP!

Contact your web host and ask them why GD image support is not enabled for PHP.

ERROR: si-captcha.php plugin says imagepng function not detected in PHP!

Contact your web host and ask them why imagepng function is not enabled for PHP.