Latest news with #incomegrowth
Yahoo
10-07-2025
- Business
- Yahoo
1 Thing To Do Every Year If You Want To Make More Money, According to a Money Expert
Most wealth-building practices aren't very difficult to comprehend or implement. Strategic investing, budgeting and income diversification are key. But when it comes to making more money specifically at work, the rules are a bit more situation specific — or are they? Is there something all of us can be doing to increase our income? Learn More: Read Next: Sallie Krawcheck, the co-founder of Ellevest, a women's-focused investment platform with more than $2 billion in assets under management (AUM), wrote a piece for CNBC Make It about how to increase your earning power in the workplace. The tactic? Negotiating your salary. This is hardly an unheard of maneuver, but it's one that a lot of people miss out on, perhaps because they don't know their worth as an employee or they're struggling with impostor syndrome or they think it could anger or insult their boss. Go about it tactfully and you have nothing to lose. Here's how to successfully negotiate. Negotiating for more — be it a raise or better benefits — is difficult for some, including those who consistently put 110% into their work and always go the extra mile for their boss. Advocating yourself can be hard for a lot of reasons; what's usually a lot less difficult is advocating for somebody you really care about. So, if you have mixed feelings about negotiating for you, think about the other people in your life who would benefit from a successful negotiation. It can be kids or parents or even a stranger in need of charity. 'If you want a raise, focus on how that raise will help you put funds toward your kids' college educations or your favorite non-profit,' Krawcheck wrote. 'If it's a more flexible schedule, think about how our friends and family may appreciate having us around more.' Find Out: Usually, we set out on a negotiation with our boss with a single goal in mind and usually that goal is more money. This can be a setup for failure if we walk out of the negotiation without a pay raise. Instead of heading into talks dead set on the one thing you want, be open-minded to other types of wins that may be less obvious. 'If you go in with just one ask, you sell yourself short, because if you hear 'no,' you leave empty-handed,' Krawcheck wrote. 'There are many things to negotiate for that can have value for you, and your employer, as you develop your career. This could be a more flexible schedule, exposure to other parts of the company, working on a project with a top manager or even a sabbatical.' Negotiation isn't something to do once or even just a handful of times in your career. It's something you should do on a regular basis. Krawcheck recommended doing it annually. 'You should be having the raise conversation with your boss every year,' she said. 'Ask them, 'What does it take to be successful in my role? What are the metrics I'm being measured against? If I hit these metrics, what kind of career progression and raise should I expect to see?'' If you've read all this and you're thinking, 'Sound great, but this won't work with my boss,' you're surely not alone. A 2022 survey by GoodHire found that only 44% of American workers said their manager was 'open and honest during salary and compensation conversations.' So how do you break through with your boss in order to have a productive negotiation? Consider Krawcheck's recommendation to get into the habit of talking with your boss casually and frequently. 'You don't need to have a serious, sit-down conversation with your manager every month,' she wrote. 'But I do recommend getting comfortable with talking more consistently about compensation and bonuses in a low-stress environment.' More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 7 Things You'll Be Happy You Downsized in Retirement Warren Buffett: 10 Things Poor People Waste Money On This article originally appeared on 1 Thing To Do Every Year If You Want To Make More Money, According to a Money Expert Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
02-07-2025
- Business
- CBS News
High incomes and good work-life balance. See which U.S. cities have the best job markets.
When it comes to finding a job, where you look can be just as important as who you know. A new analysis by SmartAsset sought to identify the best job markets around the U.S. by ranking 348 cities based on six metrics: unemployment rate; rate of income growth; percentage of workers with employer-sponsored health insurance; typical commute time; percentage of remote workers; and median housing payments as a share of income. Read on to find which cities have the most to offer U.S. workers. Which cities have the best overall job market? Bend, Oregon, has the top job market in the United States, according to SmartAsset. The West Coast city notched points for its low unemployment rate (3.1%) and high income growth. From 2020 to 2023, the median income in Bend grew 44% — the fourth highest rate after Richmond, Virginia, (50%); Nampa, Idaho, (47%); and Dayton, Ohio, (45%). A hub for outdoor recreation, Bend also stands out for its work-life balance. The median commute time for workers in Bend is 16 minutes, with just over a quarter of the city's population working remotely. Trailing Bend in the No. 2 and No. 3 spots for best overall job markets are Richmond, Virginia, and Seattle, Washington. Which cities have the highest percentage of health care coverage for workers? For workers looking for solid health care coverage, a move to Santa Clara, California, may be worth considering. Over 88% of the population in the southern Bay Area city have private health insurance plans through their employer. Cambridge, Massachusetts, and Bellevue, Washington, follow close behind with roughly 87% of their residents having health coverage through their employers. Which cities have the shortest commutes? Spending large chunks of time sitting on a train or stuck in traffic is not conducive to good work-life balance. For that reason, cities with the shortest commute times contribute to top job market rankings in SmartAssets' study. With a median commute time of roughly 14 minutes, workers in Wichita Falls, Texas, have one the shortest commute times in the country, according SmartAsset. Abilene, Texas, and Topeka, Kansas, workers also spend less time in transit than others, with median commutes of around 14 and 15 minutes, respectively. Which cities are remote-work friendly? When it comes to cities with the highest percentage of remote workers, Frisco, Texas, part of the Dallas-Fort Worth metro, stands out from the crowd, with over 32% of workers conducting their jobs remotely. Berkeley, California, and Charlotte, North Carolina, also embrace work from home with a total 29% and 28% remote workers, respectively.
CBS News
01-07-2025
- Business
- CBS News
High incomes and good work-life balance: See which U.S. cities have the best job markets.
Finding a job can be a tall order in today's economy, given the recent slowdown in hiring. For those searching, a new study on the best job markets in the United States may come in handy. With an eye toward job-hunters' needs, SmartAsset ranked 348 U.S. cities based on six factors from the most recent Census Bureau data, including unemployment rates (from 2023), income growth, health insurance coverage, median commute times and more. Read on to find which cities have the most to offer U.S. workers. Which cities have the best overall job market? Bend, Oregon, has the top job market in the United States, according to SmartAsset. The West Coast city notched points for its low unemployment rate (3.1%) and high income growth. From 2020 to 2023, the median income in Bend grew 44% — the fourth highest rate after Richmond, Virginia, (50%); Nampa, Idaho, (47%); and Dayton, Ohio, (45%). A hub for outdoor recreation, Bend also stands out for its work-life balance. The median commute time for workers in Bend is 16 minutes, with just over a quarter of the city's population working remotely. Trailing Bend in the No. 2 and No. 3 spots for best overall job markets are Richmond, Virginia, and Seattle, Washington. Which cities have the highest percentage of health care coverage for workers? For workers looking for solid health care coverage, a move to Santa Clara, California, may be worth considering. Over 88% of the population in the southern Bay Area city have private health insurance plans through their employer. Cambridge, Massachusetts, and Bellevue, Washington, follow close behind with roughly 87% of their residents having health coverage through their employers. Which cities have the best work-life balance? No one wants to spend large chunks of their day sitting on a train or stuck in traffic. For that reason, cities with the shortest commute times and highest percentage of remote workers receive top rankings for work-life balance in SmartAssets' study. With a median commute time of roughly 14 minutes, workers in Wichita Falls, Texas, have one the shortest commute times in the country, according SmartAsset. Abilene, Texas, and Topeka, Kansas, workers also spend less time in transit than others, with median commutes of around 14 and 15 minutes, respectively. In terms of work-life balance, Frisco, Texas, part of the Dallas-Fort Worth metro, stands out from the crowd, with over 32% of workers conducting their jobs remotely. Berkeley, California, and Charlotte, North Carolina, also embrace work from home with a total 29% and 28% remote workers, respectively.
