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Get certified! A certification showing that you've gained job-specific skills and knowledge can substantially boost your bank account. The right certification can raise your pay by 50% or more. You can increase your salary by tens of thousands of dollars, in fields such as accounting, manufacturing, IT and health care.
After all, going into debt for a certificate is not a good idea unless there was a possibility of greater earning potential in the future. But an academic certificate program is well worth the investment. If you are considering the certificate route, make sure you find a certificate that meets your future career goals.
The GREW tells us that those who obtain certificates earn 20 percent more on average than people with only a high school diploma. That may not mean that getting a certificate is always a better option than a traditional degree, but it does suggest that there is value to many certificates.
Certificates of completion are available for a variety of areas, including cybersecurity, emergency management, marketing and project management. These certificates can attract employers and help you get a job particularly if the job requires some education, but not a degree.
This means that if you are earning $100,000 currently, and economic conditions are good, it is reasonable to expect an earnings increase between $108,000 — $110,000 in your next career move. If the economic climate is not prospering, it is reasonable to expect an increase of $105,000 — $108,000.
In a good, healthy economic market, we traditionally see 8-10% increases. Given the tight job market and economic climate over the last 2-3 years, we have seen increases that average between 5-8%. Many candidates are willing to accept lateral moves, or even a decrease in pay for an opportunity to remain employed.
Moving around can boost your salary Moving jobs quickly can be beneficial to your salary, and that's typically the main reason people do it. While employees who stick at the same company can generally expect a 3% annual raise, changing jobs will generally get you a 10% to 20% increase in your salary, King estimates.
For more competitive roles, like a software developer, switching jobs on the regular can be beneficial for a bump in pay. But for jobs where the market isn't changing quite so rapidly, like an operations manager or administrative assistant, employees can earn more by staying at their current company.
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