Excellent Ways to Keep Your Career Moving Forward

When you hear someone talk about how they are going to take their career to the next level, what do you think of it? Is it more likely that they will be talking about the things that they have done in the past to keep their career moving forward, or more likely that they will be talking about the things they are going to do in the future that will help their career move forward?

It’s no secret that the job market is changing. The future of the job market is heavily dependent on the kind of skills you have currently, and to advance beyond the current job you are in, you will need to keep working on your skills. What are the excellent ways to keep your career moving forward?

You And Your Career: Keep Moving Forward for The Better

Life is full of decisions and moments that can determine your path. The most important one is the decision to commit to your career. A career is a lifelong journey that requires special attention and consistency. Here are some of the excellent ways to keep your career moving forward:

  1. Keep updated with what’s new and trending.

We’ve all been there. We see a job posting, and it seems a pretty good fit. We have our interview, and we get the job. But then, a few weeks or months later, we’re conducting interviews, making the rounds at conferences, and generally getting caught up in the daily grind.

Whether you’re in the middle of a new career phase or just need to keep your skills sharp, it can be hard to know what to do next.  One way to keep your skills sharp and keep moving forward is to check out LinkedIn regularly. You can find out what your peers are doing and what you aren’t. Consider one of the ways to keep your career moving forward and keep your skills up to date.

  1. Continue cultivating your network

When it comes to keeping your career moving forward, a large part of that is cultivating your network. After all, where there are people, there are opportunities to network, even if you’re not at the point of needing anything from them. So, how do you cultivate a thriving network? It’s about taking the time to connect with others, even when you don’t see a need for it. It’s about being willing to reach out to people and watch as the connections are made.

  1. Always keep your resume handy

In today’s world, employers are hiring like crazy. Thus, it’s important to have a resume that captures what makes you a great candidate. While your resume is not a legal document, it can be extremely persuasive to an employer. If you focus on writing a great summary, you can create a resume that stands out from the crowd.

Keeping your resume updated is a simple yet useful habit that will help you land new positions and keep your career moving forward. Having your resume at the ready gives you confidence.

Work on skills that are in-demand in the future

Career advancement may not be the top of mind for many in today’s economy, but it’s not too late to take care of yourself and your future. It is important to keep moving forward. Good communication skills, writing, and presentation skills are important to get those promotions, raise your salary, and secure that job in the future.

  1. Think positive

In your own personal life, you know that it’s important to have a positive attitude. Positive thinking can help you tackle the hard stuff, and it can help you achieve more in everyday life. The same holds true in your career. If you think positively, you will be more likely to get a job that’s in line with what you want. If you can get a job that interests you, you’ll be that much more likely to excel at it. Negative thinking can hold you back.

While many of us would love to get everything we’ve ever wanted out of life, we assure you that a long-term career is not one of those things. Technology has made it easier than ever to pursue a different career that combines your interests and abilities in the past few years. You may want to get a few years of work under your belt at first, but the goal is to keep your career moving for the remainder of your working years.

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Money and How the Economy Affects Its Value

The value of our money is determined by factors such as interest rates, exchange rates, and inflation. Money can easily lose value if the economy is performing poorly and international trade is taking place with countries that have stronger currencies than ours.

With all this in mind, we shall think about just how the value of money is affected by what is going on in the world.

 

World Economies

It is what is going on with the global economy which impacts interest rates and inflation, whilst the currency exchange rate becomes the factor that indicates the economic health of a country.

A currency that is valued higher will mean that a country’s imports are less expensive whilst its exports are more expensive. This means that traders in the country with the higher value exchange rate benefit financially, but only if they can sell their product which becomes more expensive. Also, these rates affect investor confidence when it comes to investing in a certain country or currency. Nobody wants to see their investment become worth less.

A strong currency is also beneficial for people who like or need to travel abroad. Whilst a weak currency is good for jobs, it is not good for those who travel internationally or use imported products.

Britain and the US invented “protectionism”. In the late eighteenth and early nineteenth century, Britain had the most protected economy in the whole of the capitalist world. The protection would promote British manufacturers to allow them to compete with more superior European companies. The US would go further and develop a theory known as the “infant industry argument”, which would protect and nurture young industries until they were in a position to compete on the world stage. The man to thank for that was Alexander Hamilton, the first Treasury Secretary of the US, who would subsequently appear on the ten-dollar bill.

 

Interest Rates

The Central Bank will react to predicted rises in inflation and raise interest rates. It is higher interest rates that will be responsible for moderating the growth of an economy. In this sense, they are artificial but still something everyone has to deal with. The effect of a higher interest rate is that it will result in a reduction in inflationary pressures and cause the exchange rate to rise.

Interest rates are considered a continuous battle with inflation. The only way that a saver can hope to earn a decent profit on their investments or deposits is when their interest rate is above inflation. However, as someone trying to afford a mortgage, you will want the interest rates to be lower so that the cost of borrowing is less. This is quite a balance to maintain and is certain to benefit some and create financial hardship for others.

 

Exchange Rates

Exchange rates are determined by the current account on the balance of payments and so are economy influenced. Other factors that determine them include interest rates, investor confidence in the markets, and an economy’s growth. For example, if any economy was worried about the future of its economy, it would tend to sell its currency, which would then lead to a fall in its value.

 

So, you can see how closely linked the state of the economy, interest rates, exchange rates, inflation rates, and the level of employment can be. It is not an easy task balancing all these so that an economy can prosper and everyone is kept as financially well off as possible.

The companies that are set up in certain countries will only be encouraged to stay in the longer term if they can trade at profitable rates with other countries. Whether or not they do will impact jobs. The confidence to invest will affect where the money is going and who is benefitting from that money. Interest rates affect the saving and lending of money in terms of returns on investments and the affordability to take out a loan or mortgage. Beneficial exchange rates are important to those involved in international trade or travel. All these factors working together makes for an economy a government can be proud of and something which will affect how electable they are in the future.

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Asking For a Pay Rise: How to Do It

Professionals tend to get paid more, but they also get stuck in a cycle of self-sabotage, making it almost impossible to be as successful as they wish. In our recent post “Treating the ‘Why Me?’ Problem”, I talked about how to ask for a raise, and today I want to talk about some different ways to deal with other kinds of self-sabotage. Ask for a pay rise, and you’ll be told you’re greedy, or too demanding, or you’ve been around too long.  But is it such a bad thing to ask for a pay rise? If you’re doing your job well, and if you’re behind your team, who’s to say you don’t deserve one?  Just because you haven’t asked doesn’t mean you don’t deserve one.  That’s the crux of the problem, and that’s the problem many find themselves in.

How much should you ask for in salary? Should you start by asking for a pay rise, and if so, when? When you ask for a pay rise, you have to be prepared to negotiate an acceptable amount, but is it possible to ask for more without getting a negative response? Is it wise to ask for a pay rise at the same time as asking for a pay review, or should you wait until after that has taken place?

Know the worth of your work

Imagine you’re working hard for your boss all week long, and you finally get a chance to ask for a pay rise. How do you know if you’re even worth what you earn in your job? The challenge is definitely not an easy one. Do you need to have a lot of experience to earn the promotion? Are the other employees in your department as productive as you? If so, are they paid more? Who decides what prices you, or your colleagues, should be paid?

Be considerate about your timing

Depending on your industry, the deadline for submitting your pay details may be up to several months before the official start of a pay period. If you’re an hourly worker, you could be waiting until the end of a pay period to ask your employer for a better wage. But if you’re a salaried worker, some employers may ask for a salary increase during the same period. The subject of a pay raise is a tricky one, especially if you’re asking for it. Not everyone is in a position to ask for a raise, so you may need to be creative. So, how can you beat the system? The most useful approach is to ask for a raise at the right time. If you ask for a raise too early in your career, your boss may not be willing to give you one. If you wait too long, you may have become a liability to the company and may only receive a much lower salary.

Do some investigations in your company’s salary structure

By now, most people have probably heard of the term ‘glass cliff.’ More commonly known as the ‘women’s salary. The term was coined to describe the phenomenon where female executives are more likely to be promoted to a position of leadership when the economy is struggling, and their company is facing hardship than their male counterparts, regardless of actual skills and qualifications. When it comes to negotiating pay raises, the advice you will get is ‘you ask, you negotiate.’ This is misleading. Most people don’t ask for more money. They should, but they don’t. Ask for what you deserve, and be prepared to negotiate.

Do you want to ask for a raise but are afraid you’ll be turned down? You’re not alone, according to a survey by Salary.com. 56% of us will ask for a pay rise in the next year to get more money in the next year, but only 39% are satisfied with their salaries. Another study by PayScale found that more than a quarter of us feel pressured to ask for a raise, but only 2% will ask for more money. Many people are unemployed or in positions that are underemployed. For some people, this means a full-time job that pays well, but for many others, it means that they are working just enough to get by, but they’re not working enough to live a decent lifestyle. For the underemployed, the path to earning more money can be tricky.

 

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