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How to increase your salary: 3 tips you need to know

By Lokmat English Desk | Updated: August 17, 2023 17:47 IST

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In this competition with inflation, everyone wants his salary to increase to such an extent that he can combine a comfortable life and savings. At present inflation has increased tremendously and people are facing many difficulties in carrying out their daily life. In such a case, everyone's focus is on salary increment.
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Employees want increment in job according to merit. According to the financial advisor, the salary should increase in comparison to the inflation rate in the country so that one can lead a comfortable life. As stated by the Reserve Bank of India, inflation in the country is estimated to be 7 to 8 percent every year.
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Most of the private companies in the country increase the salary more than the rate of inflation every year so that the financial planning of the employees is correct. But what to do if the salary of the employees is not increasing as expected? Many say that they are not happy with the salary they get.
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What should an employee do if his salary does not increase well for many years and his expenses keep increasing? So that his salary increases. Today we are going to tell you 3 solutions. From which your salary can increase.
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First Trick – Find out about the salary structure of the organization you are working for. No company increases the salary according to the needs of the employees. If your salary is low, you should talk to your boss. You should have some facts when talking to the boss.
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Also mention how important you are to the company. If the boss refuses to raise the salary, don't think that the discussion stops there. Ask the boss what points you can reconsider. Never compare yourself with another employee in front of the boss.
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Another trick – how much demand is there in the industry for the work you do. Think about it. If you are not getting money in this field then you can consider changing field. Everyone knows what kind of people are needed in their field.
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3rd Trick – If you have been in the same company for a long time and your salary is not increasing in line with the inflation rate, then you change jobs without any thought. Often you get a new role by changing jobs.
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Apart from that, the way of working changes. You get to learn new things in a new company. But before changing job, do research, what salary should be in new company based on your experience, education and work.
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Changing job is not bad if you are getting better offer than current company. Often people compromise on salary by staying with the same company. But it causes financial loss to the employees.
Tags: Salary tips
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