In most cases, you'll apply for a job by emailing you résumé to a potential employer. Simple enough. It's the first set of things they'll learn about you and will make or break your chances of coming in for an in-person interview or be selected for an eagerly-awaited follow-up call.
If you get that far, it's surely the outcome you were seeking, but there's more. Even if you make it all the way to the finish line and are offered the job, next comes the nerve-wracking salary discussion. Fear not. You can instantly put yourself in a higher salary bracket by sprucing up your résumé to say, "Show me the money!"
Here are some tips to get the most bang for your buck with a résumé that stands out above the rest and let's your prospective employer know you're worth every penny. Make these changes and see the "change" in your paycheck!
Easy to Scan
While you need your résumé to include all the important points you want an employer to know, it's important that the high-level points are easily readable and quickly scanable at first glance.
As per Jessica Hernandez, Executive Résumé Writer as posted on LinkedIn, "Keep in mind that whoever reviews your résumé first will typically scan it for critical information. The first thing they'll look at it is your title/branding statement, bolded keywords, position titles, and dates. If they like what they see, they'll go through it again with a more-thorough read."
In other words, without getting right to the point clearly and concisely, you won't likely make it through round one. With no chance of having the final hiring manager see your résumé, your efforts will be wasted.
Hernandez adds, "Using a profile or career summary is gradually fading away. Instead, replace it with a branding snapshot or profile snapshot. Write the newsworthy information in short, impactful statements or with as few words as possible so they can get the facts immediately."
Money Crashers adds, "With dozens or hundreds of résumés crossing the desk of an employer, your résumé needs to be logical, concise, and easy to read in order to help the hiring manager or recruiter find the important information as quickly as possible. You have 30 seconds at most to grab their attention, and to get the company to put your résumé into the 'interview' pile."
Not only will this make your organizational skills and accolades stand out, but your ability to garner positive attention is an attribute employers look for. This type of go-getter, no-nonsense sensibility makes for a valuable employee that is worth their time and money.
For more detail on how to make your résumé easy to skim, check out The Muse's "12 Tiny Changes that Make Your Résumé Easy for Recruiters to Skim."
Spell Check and Format
Something as simple as a misspelling or a poorly laid-out résumé can be the difference from landing the job and missing out on something you're qualified for. Don't let laziness or carelessness interfere with your other redeeming and outstanding experience and characteristics. A hiring manager will take note of such easy-to-remedy errors and can deem you as absent-minded or irresponsible. But you do make it past the first test even with such errors, when it comes to salary negotiation, you'll put yourself in the "indifferent" box automatically.
Money Crashers notes, "Make sure your résumé does not have any grammatical or spelling errors before you send it to prospective employers. Use spell check, but also enlist a few friends or family members to review your résumé. Receiving a promising résumé riddled with errors frustrates hiring managers and recruiters. The résumé appears sloppy and hastily prepared." Not something that will give you any sort of edge when it comes to beating out your competition or negotiating your potential salary. Attention to detail is seriously valuable to any business.
As far as formatting goes, keep your résumé as concise as possible. Rid it of very old jobs that were short-lived and don't benefit your overall chances of getting this new job. U.S. News & World Report suggests shortening the résumé, "If your résumé is multiple pages, you might be diluting the impact of its contents. With a shorter résumé, you'll ensure that in an initial quick scan, the hiring manager's eyes fall on the most important things. Plus, long résumés can make you come across as someone who can't edit and doesn't know what information is essential and what's less important. As a general rule, your résumé shouldn't be longer than two pages, maximum."
That said, Money Crashers advises, "Don't sacrifice quality for brevity." If you have a world of noteworthy experience, share it. Just keep things as brief as you can while still getting the major details across. Be sure to keep your résumé updated and relevant as well as tailored to the job you want. Employers will know if you've sent the same exact résumé out dozens of times to different HR departments with no specific tweaks to show you've fine-tuned yours for their unique position. This minor, yet important attention to detail can give you the extra oomph when it comes to money talks.
Quantify Your Work
Along with showcasing your previous experience and education, if possible and applicable, highlight how you helped your prior employers make money for the company and the impact your hard work made. This will immediately show the hiring manager that you've got the goods as well as the know-how to make a positive change for their company. Knowing that you have the capability to make money will be an incentive for the employer to give you a higher salary, thanks to the returns they can expect from having you on their team.
ASME, The American Society of Mechanical Engineers recommends to, "Include and highlight specific achievements that present a comprehensive picture of your marketability. Quantify your achievements to ensure greater confidence in the hiring manager and thereby generate interest percentages, dollars, number of employees, etc. Work backwards to quantify your accomplishments by asking, 'If I had not done X, what could have happened?'"
Hernandez agrees, "Share a challenge/situation/problem, the action you took to address it, and the result. Write the result by sharing how it positively impacted your employer or client. These statements make an impact, tell a story, and give the reader context. When writing your career history it's best to lead with the result/impact to the client or employer because this is usually quantifiable."
Along with quantifying your work, include other aspects of your life that can show the hiring manager that you have the skills and history to help take their company to a new level. Perhaps you've served as President of a debate team or lead a Scouts' troop to aid in making the community better.
It's also wise to include other skills that give you more of an advantage vs. others up for the job such as special tech or coding knowledge, an accounting or artistic background, or public relations experience. Your unique and marketable qualities will make an employer open to paying a higher salary for a person with versatility.
Are you ready to make your résumé top-notch? The effort to update and perfect this valuable document is well worth the better salary it will help you obtain.
The National Financial Educators Council (NFEC) surveyed young adults in 2017 and asked them what high school level course would benefit their lives the most.
The majority responded that money management was the course that would be most beneficial.
With personal debt is at its highest record and COVID-19 threatening to have the hardest economic effects on youth, understanding money and finances is an important life lesson that should be taught to children at a young age.
The following is a list of the best financial literacy lessons and tips to teach children throughout different life stages.
I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.
There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).
After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.
It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.
That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.
I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.
Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.
Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).
More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.
The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.
I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.
My buddies and I always try to make it out to a game, but we never really care which one we end up at. Obviously we have our favorite sports and teams, but it was rarely about what game we went to or who we saw playing. It was about watching the game live.
In the early months of lockdown, all we had was Korean baseball, and trust me, we loved it. The only issue was, none of us had any idea what the commentators were saying. Even then, a few of my friends weren't huge fans of baseball. They were into sports like football and basketball, ones that moved at a quicker pace with less down-time in between plays.
We decided to see if there were any other events going down and came across horse racing. Yes, horse racing. It was perfect--short, fast-paced, and most importantly, an opportunity for betting.
I had never really considered watching a horse race any time other than the Belmont Stakes, but the prospects of the sport seemed exhilarating. Even better, with horse racing we knew we could still recreate the atmosphere of a race track. Salty snacks? Check. Stale beer? Check. A simple and easy way to bet? Check.
One quick Google search later, we came across TVG, powered by FanDuel. It's an online betting platform that takes you right to the heart of the action. We were a little apprehensive about using a mobile app to place our bets, but TVG's ability to bet on live horse races from all over the world was too good to pass up.
Here are 5 reasons why we are obsessed with horse racing thanks to TVG:
1. Betting has never been easier
Use your phone or computer to watch and bet on live horse races in real-time. TVG offers a bunch of features to make betting even simpler--live odds and handicapping tips leverage recent learnings to help you make your best bet. Not to mention, TVG's exclusive race content and wagering guide offers an under-the-hood look into the strategy behind horse race betting.
2. The biggest selection of horse races out there
If you're looking to drop a little dough on a horse race, chances are your best option is your local race track. But watching the same few horses races over and over again isn't the most exciting thing. With TVG you have access to over 150 tracks worldwide with races happening consistently throughout the day.
3. Get a generous sign-up offer when you place your first bet
Once you register your account, you will be eligible for a $200 risk-free bet. All you have to do is place your first bet and you're covered. If you happen to lose, TVG will insure you for up to $200 as a sort of wagering credit. I may have been a little trigger happy when placing my first bet, so having this insurance was a great perk. There are also a bunch of promotional offers available year-round.
4. Making deposits and cashing out at the touch of button
With a ton of payment options such as PayPal, BetCash, debit/credit, wire transfers, and other third-party services, making a deposit is a breeze. But what about the payout? Depending on your deposit method, your withdrawal will be available in a few days. No more waiting in-line to collect your winnings!
5. Watching live races with your friends while betting is exhilarating
Even when we were watching Korean baseball, Zoom calls with my friends were a little dull.
With TVG, we haven't had this sort of fun in months! Every weekend we'll turn on a race and throw our bets in. After a few races, and quite a few drinks, we'll tally up our winnings to see who won the most! Sometimes it's not even about making money, but just having a good time.
TVG is the perfect way to add a little excitement to an otherwise mundane afternoon. It introduced me to the world of horse racing, a sport I never would have considered otherwise.
The races just keep ramping up and thanks to TVG, I can always get in on the fun.