Some Ways You Might be Leaving Money on the Table

Everyone wants to earn as much money as possible. While negotiating your salary before joining a company is one way to make sure you are paid satisfactorily, there are other aspects to keep in mind once you join. In this post, we will discuss some ways you might be leaving money on the table.

The salary that you receive in your bank account is only part of the compensation that the company provides you. If you are not availing of the benefits that the company is giving you along with your salary, you are basically leaving money on the table.

Similarly, you miss out when you don’t take advantage of the perks that your company is offering. If you want to earn more money, we have some good news for you. The opportunities to do that have been right under your nose the entire time!

Here are the some ways you might be leaving money on the table at your job:

By Not Saving Receipts 

Most companies offer reimbursement for work-related expenses. The employees are supposed to save receipts when they spend on any work-related expenses and submit them for reimbursement. Forms are usually provided for this process. When you travel for business, the company usually covers the travel expenses. 

But most people don’t want to seem greedy and often end up paying for small expenses even when they are doing some work for their office. You might be tempted to pay for small stuff and not ask for reimbursement, but all the little things add up. 

By Not Taking Time Off

Your paid leaves have real value. If you don’t use it, you are letting that money go down the drain. People sometimes don’t take all of their paid leaves because they don’t want to be seen as lazy or laidback.

They are so invested in coming across as overly dedicated to the work that they end up wasting a lot of their paid leaves. You should take these leaves as relaxation is also necessary for maintaining the health of the mind and body. Also, at many companies, the paid leaves simply expire at the end of the year.

Not Negotiating Your Salary

A lot of people lose out on a good amount of money when they don’t negotiate their salary before joining the company. Often you feel so relieved to land a job that you don’t bother negotiating the compensation with HR.

This is a massive mistake as negotiation of salary can get you much better pay than initially offered. Also, you don’t stand to lose anything by asking for more. You can always accept the initial offer if the negotiation does not go your way.  

Not Going For More Education and Training

Many companies offer opportunities for higher education and training programs. If you go for an advanced degree or take up short courses, you will be increasing your value at the company and improving your chances of getting promoted.

The management notices when an employee is willing to take advantage of the opportunities that they are providing. It is essential to keep upgrading your CV and developing your skills. 

By Not Going to the Doctor 

Most companies provide health insurance, but unfortunately, this is often taken for granted by the employees. People tend to wait out any illness they may be suffering from instead of going to a doctor at the sign of the first symptoms. With the price of healthcare increasing rapidly in the whole world, one should utilize the health insurance being offered by the companies. 

Conclusion

It is important to avail yourself of all the benefits that the company provides you as they are part of your salary package. If you don’t make use of these benefits, you are basically leaving money on the table. Which benefit are you not taking advantage of? Let us know by writing in the comment section below. 

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