Ladies and gentlemen. If you are like most people, you are finding it more difficult to pay your bills as easily today as you did a few years ago. After all, gas prices are much hire. Commuting costs are higher. Food prices are increasing. Health, life and auto insurance costs are increasing. The cost of you morning coffee is higher. Lunch at your desk costs more. Your morning newspaper costs more. And your salary is increasing by 4 or 5% per year. Do you want to increase your earnings by more than $54000 over the next 5 years? If you answered yes, the way to do this is to change jobs once for a $10000 raise and get a 4% raise each year. Thats it. Change jobs once for a $10000 raise and get a modest 4% raise. Now if you change jobs for a $15000 raise and get a 4% raise, you will earn $76000 more. The numbers are even more striking if you change jobs twice. Change jobs once for $10000. Year one: You earn $10000 more Year two: You earn $10400 Year three: You earn $10816 Year four, you get a $10000 raise. You earn $20816 more Year five, you earn $21648 more. In other words, over 5 years, youll earn more than $73000 more than you do today. If your two raises are for $15000 each Year one, youll earn $15000 more than you do today Year two, youll earn $15600 more than you do today Year three, youll earn $16224 more than you do today Year four, youll earn $31224 more than you do today Year five, youll earn $32472 more than you do today. By changing jobs twice and earning $15000 more each time, YOU WILL EARN $110520 MORE THAN YOU DO TODAY. So, unless you are independently wealthy, you need to change jobs in order to move ahead financially in the current system. Jeff Altman Concepts in Staffing jeffaltman@cisny.com 2006 all rights reserved. |
