How to switch jobs to maximize your salary in your career

EPISODE SUMMARY In this episode of Chan With A Plan, host Max Chan speaks with Sonja Price, a Certified Career and Executive Coach. Sonja discusses how she helps professionals who want to have more meaning and fulfillment in their life and find jobs that are an excellent fit for them. She discusses steps professionals can make to not only make more money but be more fulfilled. This episode is to help you take a step up in your career ladder.   QUOTES “The challenge with this is that when you get a raise and an annual timeframe, you're getting lumped into the same bucket as everybody else, every single other employee is getting a raise at the same time. So there's not as much money to allocate amongst the workforce.” – Sonja Price “What you want to be doing is do that external… And even if it's like 5% or above, it's still percentage of what you previously made. Versus if you come in as a new hire. It's a whole new ballgame. We're starting over completely; we're starting from scratch.” – Sonja Price  “I think sometimes people can get into this like kind of call and response mode when they're in an interview setting. But instead, what you want to be thinking about is how can I help this organization or this manager sitting in front of me right now? How can I help them solve their problems?” – Sonja Price   TIMESTAMPS [01:46] Job Hopping Can Increase Compensation [04:35] Internal Promotion Challenges [07:42] Horizontal vs Vertical Promotions [10:35] Negotiating a Job Offer [13:31] Job Hopping Time Frame [16:51] Assumptions with Job Hopping [18:46] When Are You Ready to Hop? [20:47] Making the Right Move with No Regrets [24:48] Concerns with Hiring Managers and Recruiters [29:06] Company Counter Offers [35:17] Roadmap to Increasing Compensation via Job Hopping [37:22] Common Learning Lessons [38:56] Sonja’s Biggest Challenge and How She Overcame   RESOURCES & RELEVANT LINKS Free 14-Minute Masterclass Sonja Price Social Media: LinkedIn Twitter Sonja’s Website Chan With A Plan Max Chan on Social Media