No, this isn't a trick. I have gotten people who have worked with me an increase in salary of $40,000 or more.
- You can't just go ask your boss for a huge raise. You can sometimes stay at the same company but at the very least you'll have to change positions or make yourself invaluable to the company. You can find a way to take on a sales role and earn a commission. If you are an engineer, for example, become a technical salesperson. You can learn to sell, so don't be afraid to take on a new type of role with your company.
- Changing companies is your best bet. If you are not being compensated for the contributions you make to your current employer you'll have to make a career move to make this happen. This isn't a trick and the company who made these offers weren't swindled. I found people out there who were big fish in a small pond. Some of these people had patents and had generated huge revenues for their previous employers but they were not able to market themselves the way they needed to get the kind of income commesurate with the work they were doing. Changing jobs is scary and uncomfortable but necessary to make a big leap in income.
- Don't disclose your current salary. With states like Massachusetts prohibiting potential employers from asking your salary this will give you even more negotiating power and allow you to get paid what the position is really worth. If you're being underpaid now, don't set the bar low. The company should know what the position is worth and your prior salary is not relevant to that.
- Join a growing company. The companies making these large offers were not tricked. They were able to see the value and potential revenue increase with hiring these individuals far outweighed a high starting salary or commission structure. $40,000 is nothing when the person you're hiring can create a new product, save you millions with new software, or otherwise affect your bottom line by much more than that amount. If the lack of a person fulfilling an open position's job duties is costing the company money (for example a lack of sales people) $20,000 or more to pay a great candidate is likely much less than the opportunity cost of lost revenue each day that position is open.
If you are ready to take the next step in your career and increase your income send your resume to Zach@stratussearch.com