Triple Your Salary in 18 Months: My Proven Strategy | Tim Wade

What is the best way to get a pay rise? Deserve it. There are ways to get promotions and pay rises that are unethical. There are ways to do it that are that are that just are uncomfortable or make you an unpopular person because you're stabbing people in the back, playing victim or blaming everyone. Ultimately, you'll hit a ceiling and you won't be able to survive with that strategy. So that strategy is a limited. It's it seems like a good strategy because you can move quickly, but you're going to you're going to make it really hard to get any further than that ceiling. Whereas you use a strategy that that sits with well with your values and the organizational values and that they're aligned, you can go higher, faster and much, much further. I'm going to give you a couple of ideas that you can implement right now. And the first one is called the Weekly Progress Report. And in the Weekly Progress Report, what you're going to do is it's just an email with little headings and a couple of bullet points. And in each heading is the following. What I've accomplished this week, what I've completed this week, what I'm working on next, my next five priorities, what I need help with and some insight to observations from the week. And you create that as a simple email to send to your manager once a week on a lull period during the week, like Wednesday 10 a.m. or something like that. Send that to your manager. You do this every week. Then when it comes to your performance review, you've got 48 weeks to 52 weeks of these emails that you sent to your manager. Now, what you would do is you go and find those emails and you'd cut out the what I've completed section, copy from there and paste it into a document. And you now have a list of, you know, 100 bullet points of things you've completed over the last 12 months. And you've and you say to your manager, hey, I recognize that my performance review is coming up in a couple of weeks. I thought that this would help. I just completed a dossier of all the things I've accomplished during the year and some observations for you. Hopefully that'll help us have a fruitful discussion. Now, what you've done is you've given your manager ammunition to defend their recommendation of your pay rise. And you've also given them a you've given them evidence of what you've done, because most managers can only remember the past two weeks of stuff that you've done and that big, giant thing you've screwed up in April. But here you've got the whole document of everything that you've actually managed to achieve. We can't expect them to remember everything we've done. It's our responsibility. It is your responsibility. Your promotion and pay rise opportunities are up to you. Now, I've created a promotion pay rise course and I created this because there was a time where when I was in corporate where I got I tripled my salary and was promoted twice within an 18 month period. And I was like, wow, this is great. And over time, a few years later, I look back and I go, how did I actually do that? Now, the model that I have is called the build value model. And in there, we've got examining your beliefs. For example, what do you think about your manager? Do you think your manager is a jerk? I mean, maybe they're not a jerk. You just think they are. So we need to change our beliefs the way that we're seeing our manager, because if we think they're a jerk and they're not, they can feel it. And that's going to impact your career prospects. Here's the other thing. Maybe they are a jerk. Now, if they are a jerk, we need to look at the second part of the build value model. Build is beliefs. The second one is uncover. We can't be only visible to one decision maker in the organization. We can't have just one customer or one person that is responsible for our opportunities for promotion or pay rise. We need other influencers and managers across the organization to know our value. And to do that, we need to be having conversations with them. Meet up with them for a cup of coffee. Ask one of them. Can you be my mentor for a six week period? Love to ask you some questions as to how I can be an even better contributor to the organization, to the team. They're going to go, I wish my people were like this. I want you to come and work with me on this new project. Invariably, these are the sorts of things that when you are delivering excellent work and you've got more visibility, your opportunities increase. The I is influence. Learn ways to be able to influence your manager. Get the resources that you need. A lot of people feel like I'm I'm invisible. I'm undervalued and I'm not getting supported with the resources I need to be able to succeed. Well, we need to be able to learn how to influence that. I've created something called the one page business case that's going to help you be able to do that. I've created videos on that. So you can have a look in the resources below. There's a whole mini course that you can do. And the other thing I want you to do is to continue to learn. So there's some leadership tools in there, like rule 15, investing 15 minutes with each of your direct reports or investing 15 minutes one-on-one with each of your direct reports or your manager each week to build the relationship, to build trust, to share ideas. It's critically important for you to be able to do this, to be able to get the promotion pay rise and also to seek developing your people, but also to develop yourself. And a great way to develop yourself is to subscribe to this channel. You're already here. It's giving you value. Hit the subscribe button. Find the bell. Hit the bell so you get notified of when new videos turn up and keep learning. Invest a portion of your time every week to continue to learn to become the even better version of you. So I highly encourage you to examine your beliefs, be more visible in the organization, influence your manager to get the resources, lead your people and those around you. If you're in a team, even better develop yourself, develop others to create more value in the organization. And that's how you deserve a promotion and a pay rise. The word deserve comes from of service. You are there to add value and they will see that value and know that I need to keep you. So I'm going to ensure that you are rewarded appropriately for your value. So that's how that is, how you get a promotion and a pay rise.