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Posts Tagged ‘base compensation’

TheLadders Survey Reveals Correlation Between Short Names & High Salaries

Let’s say your name is Robert. Maybe you should go by Bobby at work? Check that — why not Bob instead? According to a recent report released by TheLadders, the shorter the name, the better (when it comes to your wallet, that is).

Upon analyzing the first names of the site’s six million members against factors such as industry, salary level and location, their experts concluded a correlation between the number of letters in a name and actual salary ranges.

So, if you want to go by Bobby instead of Bob, it’ll cost you about $7,200. Here’s why: Every letter added to a name decreases a salary by $3,600. This could equate to almost $288,000 over a 40-year career for dear ol’ Bobmeister! Read more

Mediabistro Course Freelancing 101

Manage a top-notch freelancing career in our online boot camp, Freelancing 101! Starting August 18, freelancing experts will teach you the best practices for a solid freelancing career, from the first steps of self-advertising and marketing, to building your own schedule and managing clients. Register before 7/16 and get $50 OFF with early bird pricing. Register now!

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How to Ask For a Raise

Let’s face it. When you work hard, as in really hard to exceed expectations and always meet deadlines, a great work environment is helpful but so is getting paid what you’re worth.

If you want to ask for an increase in base compensation, be tactful. First, write down tangible reasons why you deserve a raise. Simply stated, it’s not advisable to just go into your boss’ office and demand to be shown the money.

In today’s New York Post, Gregory Giangrande, chief HR officer at Time, Inc., indicates, “Write down the objective business reasons why you feel you deserve a raise — which could include how you consistently perform at a high level, generate revenue, etc.” Read more