It
can be difficult to get perspective on your value in the workplace. Often
candidates’ ideas of what they think they should be earning are misaligned with
what employers are willing to pay, or what the marketplace will bear.
Wanting
to earn more can be a reason to change jobs, but if that’s the only reason, it
might mean you need to take a closer and more educated look at the marketplace,
your value in it, and your value to your existing employer.
Before
you begin, realize that your financial needs are not justification for earning
more. Take stock of your experience, not only in terms of years in the
industry, but projects and leadership roles that brought value to your
employers. If you have accomplishments in your current position such as: money
you’ve saved them; models you created; projects you were involved in or
spearheaded; results that went beyond your job description, you could use them
to ask for an increase. If not, make sure you include them in your next resume.
Knowing
what your position with your specialties is worth in your field could be
difficult to pinpoint. To assist actuaries, we gather information on actuarial
careers and offer detailed salary information, via great query tools that make it easy to see how your skills and salary measure up,
and what you need to reach the income level you want.