by Angela Copeland | Jul 8, 2024 | Advice, Career Corner Column, Money, Newsletter
Do you ever wonder what your life would have been like if you had taken a different path? For example, what if you had studied something different in college? Or, if you had worked in a different industry? Or, if you had a different role at work?
When I was in graduate school, a professor casually mentioned that I should go into consulting at a big firm. I had no idea what that meant. I never asked, and he never explained. I have wondered what my path would have been like if we had just one conversation.
In the past, I would have said career differences don’t matter much. You simply needed to end up in a job that would pay the bills. But, a disturbing trend is becoming more apparent. There are larger and larger gaps in pay between workers.
This trend can also be seen in our economy as a whole. Many indicators say the economy is doing well. But, someone making less than $50,000 per year most likely doesn’t feel that way. They are probably struggling to make ends meet. On the flip side, those who are doing well seem largely untouched by our current economic challenges. But, they are also often making $200,000 or more.
What are these different groups doing differently? It can be more random than you might think. It’s not necessarily that the higher paid person is working harder or longer hours. And, it’s not necessarily that they are any smarter than anyone else. Often, it’s the particular educational and career path that they happened to end up on pays more.
If you are a parent of a teenager or young adult, this column is for you. If you want to help your child pick the best career, do research. Look at sites like Glassdoor.com to see how much various jobs pay. If your child is looking at certain colleges, look up what is called a “post-graduation report.” It will tell you which fields their graduates are working in, and how much money they are making.
Two different degrees may cost the same amount of money to earn. However, the careers they lead to may be very different. And, one career may pay $50,000 pear year, while the other pays $200,000.
Don’t get me wrong. Money isn’t everything. But, if there are two jobs that would be a good fit for a person, and one pays four times what the other pays, wouldn’t you want to select the higher paying option?
If you are already in your career path, and you’re feeling financially strained, do some research. First, learn if you are underpaid for the work you do today. If you aren’t underpaid, but are still not making enough money, look at other options. Consider what transferrable skills you have that you can take to another field that will pay more. This can help you to close the salary divide.
I hope these tips have helped you. Visit CopelandCoaching.com to find more tips to improve your job search. If I can be of assistance to you, don’t hesitate to reach out to me here.
Also, be sure to subscribe to my Copeland Coaching Podcast on
Apple Podcasts or
Stitcher where I discuss career advice every Tuesday! If you’ve already heard the podcast and enjoy it, please consider leaving a review in
iTunes or
Stitcher.
Happy hunting!
Angela Copeland
@CopelandCoach
by Angela Copeland | Jul 8, 2024 | Advice, Career Corner Column, Money, Newsletter
Do you ever wonder what your life would have been like if you had taken a different path? For example, what if you had studied something different in college? Or, if you had worked in a different industry? Or, if you had a different role at work?
When I was in graduate school, a professor casually mentioned that I should go into consulting at a big firm. I had no idea what that meant. I never asked, and he never explained. I have wondered what my path would have been like if we had just one conversation.
In the past, I would have said career differences don’t matter much. You simply needed to end up in a job that would pay the bills. But, a disturbing trend is becoming more apparent. There are larger and larger gaps in pay between workers.
This trend can also be seen in our economy as a whole. Many indicators say the economy is doing well. But, someone making less than $50,000 per year most likely doesn’t feel that way. They are probably struggling to make ends meet. On the flip side, those who are doing well seem largely untouched by our current economic challenges. But, they are also often making $200,000 or more.
What are these different groups doing differently? It can be more random than you might think. It’s not necessarily that the higher paid person is working harder or longer hours. And, it’s not necessarily that they are any smarter than anyone else. Often, it’s the particular educational and career path that they happened to end up on pays more.
If you are a parent of a teenager or young adult, this column is for you. If you want to help your child pick the best career, do research. Look at sites like Glassdoor.com to see how much various jobs pay. If your child is looking at certain colleges, look up what is called a “post-graduation report.” It will tell you which fields their graduates are working in, and how much money they are making.
Two different degrees may cost the same amount of money to earn. However, the careers they lead to may be very different. And, one career may pay $50,000 pear year, while the other pays $200,000.
Don’t get me wrong. Money isn’t everything. But, if there are two jobs that would be a good fit for a person, and one pays four times what the other pays, wouldn’t you want to select the higher paying option?
If you are already in your career path, and you’re feeling financially strained, do some research. First, learn if you are underpaid for the work you do today. If you aren’t underpaid, but are still not making enough money, look at other options. Consider what transferrable skills you have that you can take to another field that will pay more. This can help you to close the salary divide.
I hope these tips have helped you. Visit CopelandCoaching.com to find more tips to improve your job search. If I can be of assistance to you, don’t hesitate to reach out to me here.
Also, be sure to subscribe to my Copeland Coaching Podcast on
Apple Podcasts or
Stitcher where I discuss career advice every Tuesday! If you’ve already heard the podcast and enjoy it, please consider leaving a review in
iTunes or
Stitcher.
Happy hunting!
Angela Copeland
@CopelandCoach
by Angela Copeland | Mar 26, 2024 | Career Corner Column, Interviewing, Job Interview, Job Search, Money, Negotiation, Newsletter, Pay, Recruiter, Salary
It’s no longer socially acceptable for a company to ask an interview candidate how much money they currently make. It’s also not terribly good to ask the candidate how much they want to make. These days, the standard is to share the pay range for the role. Then, the candidate can decide whether or not the range is acceptable.
In the past, recruiters would argue that asking questions like these made sense. They wanted to know if the candidate was “within their budget” for a particular role. In reality, if the candidate provided a salary number at the low end of the range, they would be paid on the low end of that range. And, they might not ever know it.
Fortunately, many states across the U.S. have agreed that this practice is not okay. It’s not fair. And, it allows pay disparities to continue, and to grow. In other words, if you are currently underpaid, and your future salary is based on your current salary, you will continue to be under paid in the future. If a company pays a fair market rate, then you have a better chance of making what your skillset is truly worth.
Unfortunately, not all recruiters have gotten this message. When a recruiter shares that they have been working as a recruiter for over thirty years, you can bet there’s a decent chance they aren’t playing by the current rules. They will continue to ask questions they should not.
Unfortunately, as a candidate, there’s not much you can do about this issue. If a recruiter asks your salary and you don’t provide it, you’ll likely be eliminated from consideration. You’ll be perceived as difficult, because you aren’t willing to go along with this outdated line of questioning.
The good news is, you can decide not to work with a particular recruiter. You can decide you won’t participate when something like this occurs. There are many recruiters who will care about the candidate experience, and who are willing to follow the laws and this current way of interviewing candidates.
In addition to questions that a company is not allowed to ask, there is a question that candidates are allowed to ask. In certain states, it’s the law. A candidate can ask the company what the pay range is for a certain position. The company should be willing to provide the range. This gives the opportunity for the candidate to share with the company whether or not the range provided is one they are interested to pursue.
Sadly, this is another area where some recruiters are trying to do their own thing. When asked for the range, it is not uncommon for the recruiter to respond with, “My company hasn’t set a range for this role. We’re trying to see what the market will bear.” As you can imagine, this is most not likely accurate and is an antiquated way of interviewing candidates.
I hope these tips have helped you. Visit CopelandCoaching.com to find more tips to improve your job search. If I can be of assistance to you, don’t hesitate to reach out to me here.
Also, be sure to subscribe to my Copeland Coaching Podcast on
Apple Podcasts or
Stitcher where I discuss career advice every Tuesday! If you’ve already heard the podcast and enjoy it, please consider leaving a review in
iTunes or
Stitcher.
Happy hunting!
Angela Copeland
@CopelandCoach
by Angela Copeland | Apr 16, 2018 | Career Corner Column, Money, Respect, Stress
I recently had the privilege of interviewing Margaret Heffernan. Margaret is incredibly impressive, with a career that includes running five companies in the United States and the United Kingdom, being a college professor, authoring five books, and giving multiple TED Talks. Originally from Texas, Margaret has lived all over, including in the U.K.
Margaret’s career is so impressive that it was hard to narrow down the questions to a list that would fit into one podcast episode. As you can imagine, the interview was wonderful. The insights Margaret shared haven’t left my mind since we spoke.
Margaret describes herself as someone that has always done work that she’s loved. At times, she was paid well, and other times she made very little. But, she was always happy in her work. I asked her how she was able to organize her career this way.
She made two important points that I want to share with you. When a job wasn’t the right fit, she didn’t hesitate to walk away – even if she had only been there for a short period of time. This reminds me of the way a company would quickly fire someone if they weren’t the right fit. But, as employees, we stick around out of some kind of artificial loyalty.
When Margaret worked in an environment where it was clear that succeeding would be an uphill battle, she looked for another job that was a better fit. This would happen in situations where perhaps the staff didn’t treat everyone fairly. Rather than take it personally, she moved on and looked for a better situation. This must have been a tough decision at times, given how important equality is. But, I think we can all agree that it’s easier to succeed in an environment that supports you and your talent.
The second tip Margaret he was gold, quite literally. She said she was always careful to keep enough, “running away money on hand.” I can’t tell you how happy this phrase makes me. Running away money is often referred to as an emergency fund. It is typically six to twelve months of salary (or living expenses) saved up. Most people place this money in a savings account for safe keeping.
Having a financial safety net gives you choices. It allows you to walk away if you really need to. It allows you to control your own destiny, not your company. Very often, when we upgrade our house, our cars, and our lifestyles, we are simply chaining ourselves to the very company we hate.
And as Margaret noted, just having the running away money doesn’t mean you actually need to run away. It often gives you a boost of confidence to be yourself at work. You know you’ll be okay, even if everything else falls apart. That added confidence alone makes things at work go better, and it keeps you from running away at all.
You can listen to my entire interview with Margaret Heffernan here.
Angela Copeland, a career coach and founder of Copeland Coaching, can be reached at copelandcoaching.com.
by Angela Copeland | Apr 10, 2018 | Money, Negotiating, Networking, Pay, Podcast
Episode 165 is live! This week, we talk with Dr. David Burkus in Tulsa, Oklahoma.
David is an author, speaker, and associate professor of leadership and innovation at Oral Roberts University. His new book, Friend of a Friend, offers readers a new perspective on how to grow their networks and build key connections. He also gave a TEDx Talk titled, “Why you should know how much your coworkers get paid.”
On today’s episode, David shares:
- What pay transparency is, and the pros and cons of using it
- Why we may feel underpaid, and what we can do about it
- Why networking and professional networks are important to our careers
- What a super connector is, and why they matter
- What you can do if you’re looking for a networking option that’s not a mixer
Listen and learn more! You can play the podcast here, or download it on Apple Podcasts or Stitcher.
To learn more about David and his new book Friend of a Friend, visit his website at https://davidburkus.com.
Thanks to everyone for listening! And, thank you to those who sent me questions. You can send me your questions to Angela@CopelandCoaching.com. You can also send me questions via Twitter. I’m @CopelandCoach. And, on Facebook, I am Copeland Coaching.
Don’t forget to help me out. Subscribe on Apple Podcasts and leave me a review!
by Angela Copeland | Mar 28, 2018 | Annual Review, Career Corner Column, Money, Negotiating, Negotiation, Pay, Performance Review
Who wouldn’t like to make more money? If you’ve read my column before, you probably know that I’m an advocate of changing companies every three to five years (for many industries). On top of gaining extra experience, switching has the potential to bump up your pay considerably. But, there are often times when you need a raise at your current employer.
So, where do you start? If you want the best chance of landing a raise of more than two or three percent, do it at a time when your role has evolved quite a bit. This would be the case if your work has grown into a new area, has expanded significantly in scope, or has added management responsibilities. For example, if you were hired as an individual contributor and are now managing a team of seven, the scope of your job has changed.
It’s easier to ask for more money if your job has changed significantly because you aren’t asking for more money for your existing job. That may sound silly, especially if you’re doing more than your peers. You may be smarter, saving more money, or getting more done. But, it’s hard for a manager to justify paying you much more for any of these things.
When your job has changed, you’re essentially asking for a fair amount of money for a new job. While you’re making the case, it may also be a good time to request a new title and an updated job description. This way, you are officially taking your current position to the next level.
Once you’ve decided you’re ready to make a case for more, you’ll want to find the perfect time. It may be during your annual performance evaluation. Or, you may want to lobby for more money at another time, in hopes that your manager won’t be restricted by a certain pool of money.
Whenever you decide to do it, plan ahead. Request a meeting in advance, so your boss won’t be caught off guard. Prepare your case in such a way that your manager can easily advocate for you. In other words, don’t make it hard for your boss to give you more money. Do as much of the work for them as you can.
Consider preparing a presentation that shows how your job has changed. Highlight your accomplishments. Include any numeric results you can show, including how much you beat your goals, and how much revenue you saved the company. You put this much work into everything else you do at work. Why wouldn’t you take the time to put it into your own presentation?
Remember this. Your boss may say no. It may be out of their control. Be careful not to come across in a way that may jeopardize your current job. And, if your company isn’t willing to value you, be ready to begin looking for another one that will.
Angela Copeland, a career coach and founder of Copeland Coaching, can be reached at copelandcoaching.com.
Do you ever wonder what your life would have been like if you had taken a different path? For example, what if you had studied something different in college? Or, if you had worked in a different industry? Or, if you had a different role at work?
You must be logged in to post a comment.