With great power comes great responsibility, and technically, great rewards.
Among the different types of professionals, where do you stand? Are you content with simply following orders, or do you prefer to be the driving force of your organisation? Are you happy being a cog in the vast machine of the workforce, or do you possess the ambition and skills to rise to the top of the ladder?
We all have different ideals and abilities, so naturally, not everyone can be a high-flyer. As we move up in our careers, the pyramid of available positions gets narrower. Only the cream of the crop will be able to reach the pinnacle of their organisation or industry, and make the decisions that matter.
That being said, aspiration and ambition will only get you so far. It’s not about working the hardest or being the most experienced, it’s about knowing how to put your innate talents to good use, and being able to lead and inspire others to do the same. If you truly want to be set apart from the rest of the crowd, you’ll need to have the x-factor, that killer instinct which allows you to move to the top of the food chain.
Why are high-flyers so well-paid?
Executive jobs are often stressful, time-consuming and have a large impact on the company’s success. As the stakes get higher, so do the rewards; senior employees who make daily decisions to drive the company forward should be well remunerated for their efforts.
It’s also a simple case of supply and demand. There are only a few select individuals equipped to take the helm of an organisation and deliver the results demanded by its shareholders. Organisations would typically have to pay a premium to get the best talents on board.
Hiring these individuals is just the beginning. After they’ve joined the ranks, the company would need to keep them incentivised, even as offers from other companies come in. A higher salary or greater benefits may be enough to entice them to jump ship; in these cases, a counter offer may be necessary to prevent losing a valuable member of the company.
Are you earning as much as you should be?
One question every top professional should be asking themselves is: am I earning as much as I should be? Depending upon their perception of their current role, and the personal value they place on salary, another question may crop up: am I earning as much as I could be?
Salaries are influenced by a variety of factors, including the size and sector of the organisation, the city or region in which they are based and the demand for the skills offered by each individual employee.
Organisations are looking to hire the best people, and this costs money. They are also looking to keep the best people, and this costs even more. The bottom line is, if your skills are in demand among potential employers, you’re in a great position to negotiate for a good deal.
To establish whether you’re receiving a suitable income, you’ll need to know the average earnings for professionals working in your role. If your current salary is below the average for someone in your role, it may be time to negotiate a better pay package or consider opportunities elsewhere. You may love what you do, but that doesn’t mean you should be paid less than what you’re worth to do it.
If you’re among the top earners, however, it may be more difficult to secure a significant increase in pay. The fact you have risen to this level may suggest you are ready to move up even higher on the career ladder and take on additional responsibilities. As smaller companies typically pay lower salaries, you might want to consider moving to a larger organisation.
What are the top leaders earning?
So what are the high-flyers earning? To find out how much the average employee in your profession took home in 2015, it’s worth looking at the Robert Half Salary Guide, These offer insight into the salaries paid in various different sectors while also projecting wage inflation for 2015.
Professionals working in leadership roles need to remember that not everyone can fill their shoes; they possess unique abilities which allow them to succeed, even thrive, in the most challenging of situations and environments. Having worked so hard to rise to the top, it only makes sense to be rewarded accordingly through a fair wage for a difficult job well done.
Make your days count when you love what you do.