How to bump pay?
I'm wondering how I can bump up my pay. Is there a strategy or a specific approach I should take to negotiate a higher salary with my boss? I want to make sure I'm being paid what I deserve.
How does bump pay work?
Bump pay, also known as a pay bump, refers to an increase in salary, often as a result of acquiring new skills or certifications. For instance, having advanced tech skills can lead to a significant bump in pay, with some studies showing that workers with these skills earn about 49% more. Certain skills, such as machine learning, are highly valued in the job market, and obtaining a certificate in this area can potentially increase income by nearly $40,000. Bump pay is a reward for professional development and acquiring marketable skills.
How to use bump pay?
I'm trying to figure out how to use bump pay, but I'm not sure where to start. I've heard about it and I'm interested in using it for payments, but I need a step-by-step guide or some clear instructions on how to get started.