🎉 60% Salary Increment + 2 Internal Promotions in 5 years 🎯
- Nicole Book Club

- May 30, 2024
- 2 min read
My candidate’s success story:
We are always looking for ways to increase our salary.
The 2 traditional methods would be:
1) Stay put within the same firm for promotion
🔺 But if you stay too long, you run the risk of being underpaid
2) Jump to another company for salary increase
🔺 But if you jump too often, companies judge your loyalty
🥂 It’s all about striking a balance.
5 years ago, a CFO of a retail company reached out to me to hire a Finance Manager.
I recruited an Assistant Finance Manager from another retail company and placed him at this new firm as a Finance Manager.
💌 We keep in touch with each other every year
I would visit his company’s stores from time to time
🎯 So what accelerated his promotion and success?
3 years ago, his CFO decided to change to Part Time and wanted him to take on more workload without promoting him.
😔 Anyone (including me) would complain this situation – More workload but nothing in return?
However, my candidate accepted the increasing workload
⏰ Fast forward 6 months later, he was promoted to Senior Finance Manager with a 30% salary increase.
Last year, the CFO retired and he was promoted to Financial Controller with another 30% increase.
📊 And I think it’s time for him to start looking for another role this year or next year to get another increment.
If that’s the case, he will experience at least 75% increment in 5-6 years.
📝 To be honest, I think luck and his capabilities contributed to his success.
Luck – His CFO first changed to Part Time then retired
Capabilities – He can handle the CFO’s increasing workload without complaint
✅ How was your salary increment over the past 5 years?
✅ What do you think?
✅ Will you grind through or will you stay?
✅ We can never predict what will happen in the future
Summarising my 7 years of recruitment and 3 years of banking experience, I wrote a guide on
📝 Fixing your CV & LinkedIn in 1 Day:
Link: https://lnkd.in/ggNqAK87
📊 Interview Preparation For Success:
Link: https://lnkd.in/ghaJcDy4








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