Your Current Job Compensation

by : pmegan

The job compensation facts are out! Despite a flourishing economy, American workers are less confident about their financial security than they were two years ago.

Government statistics show that most families have lost ground. In 2005, more than 80% of American workers saw their inflation-adjusted wages fall for a second year in a row.

Quite simply, that means if you're not making more money each year, you're barely treading water. Over time that can be a very scary position to be in. You're just hoping not to get swamped.

You're not alone! Despite the low jobless rate, there's lots of uneasiness among workers. In fact, John Challenger of the Chicago-based outplacement firm notes that many people have been falling behind, especially in the middle class.

Experts tell the nation that the economy is strong. But, the fact is that real people are suffering. For example, in 2005 the average median income was $659. That's 1.9% less than in 2004. On top of that, workers retirement and health care benefits are shrinking.

So, if you're feeling the pinch, what can you do?

First, you need to understand that education is vital to salary gains. So, you need to explore ways to enhance your skills so you can demand more pay.

Secondly, you need perseverance, stamina, flexibility and patience to succeed in this difficult environment.

And, thirdly, you need a plan--one that will help you upgrade your compensation so that you can get ahead of the curve instead of biting your nails all the time.

Those of us committed to the alternative job search and non-traditional career advancement movement understand that there are two ways to accomplish this goal:

1. Make careful preparations to sit down with your boss. Do NOT ask for a raise. Instead ask him/her for feedback on your performance because of your interest in doing a good job. And then present in writing some very specific contributions you can make in the weeks and months ahead for his/her review. And express an interest in getting additional training.

2. Discover non-traditional career advancement strategies that allow you to explore other job opportunities either within your current organization or outside . . . without jeopardizing your current employment.

The good news is there are proven ways to advance yourself and take the edge off job compensation woes! The secret is to have a plan and then move ahead with it in systematic way.