Experience vs Income

What is more valuable, the experience you gather from working in a particular position or the compensation for the work you create?

Let’s first isolate each variable, in order to distinguish there contents. First, you have experience, which combines the communication and technical skills, along with the cognitive and business skills that you gather while “experiencing” your job. As you gain more and more experience, your resume becomes more distinguishable and expanded. Experience is how you distinguish yourself from the competition, when interviewing and while moving up the corporate hierarchy. I consider noteworthy experience to be success on a major project that has direct business impact on your company. Other experience is more day-to-day work that can be summarized in a few sentences. Since this experience is what differentiates you and markets you to various audiences or employers, it is the major factor in granting you a high salary. Compensation is the capital you acquire from experience and accomplishments. The more experience, success and major projects that you are involved with, the more compensation you will obtain.

Conclusion: An increase in experience will yield an increase in job compensation.

What this means to you: Focus on gaining experience first and let your high salary follow!

Picture of Dan Schawbel

Dan Schawbel

Dan Schawbel is the Managing Partner of Millennial Branding, a Gen Y research and consulting firm. He is the New York Times and Wall Street Journal bestselling author of Promote Yourself: The New Rules For Career Success (St. Martin’s Press) and the #1 international bestselling book, Me 2.0: 4 Steps to Building Your Future (Kaplan Publishing), which combined have been translated into 15 languages.

TRENDING AROUND THE WEB

Orphan works, AI training data, and the ongoing fight for creator rights

Orphan works, AI training data, and the ongoing fight for creator rights

The Blog Herald

How to protect and prove ownership of your blog content

How to protect and prove ownership of your blog content

The Blog Herald

A therapist says people who stay in relationships where they feel invisible aren’t lacking self-respect. They were taught so early that love means tolerating absence that they literally cannot distinguish between patience and self-abandonment

A therapist says people who stay in relationships where they feel invisible aren’t lacking self-respect. They were taught so early that love means tolerating absence that they literally cannot distinguish between patience and self-abandonment

The Vessel

Living between two cultures taught me that most of what I called “my personality” was just my environment

Living between two cultures taught me that most of what I called “my personality” was just my environment

The Vessel

Why off-site conversations about your blog posts aren’t something to fight

Why off-site conversations about your blog posts aren’t something to fight

The Blog Herald

7 signs you’re a highly sensitive person who has spent years mistaking your greatest gift for your biggest flaw

7 signs you’re a highly sensitive person who has spent years mistaking your greatest gift for your biggest flaw

The Vessel