Can you find how much money a company is making

It’s not hard to find out how much money publicly traded companies make, as they’re required to publicly disclose their financial statements. I recall one of the first times I ever saw my Dad loose his cool in front of family in when his brother-in-law had the nerve to ask him his salary. Perhaps take a vacation for 3 months to let things die down.

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But what happens when you do stumble on this sort of information — and discover that a peer makes more money than you do? How should you react? Should you tell your colleague that you know? Talk to your boss? How can you use the information to ask for a raise? There are plenty of examples: the Ivy League bonus, the external hire advantage, the he-was-friends-with-the-big-boss-before-he-even-got-here supplement. Not to mention the larger macro issues that affect us all: the gender pay gap and rising income inequality.

BUSINESS IDEAS

If you find yourself needing to make more money, a new job might be the answer. Which option is right for you? It depends on your circumstances — and preferences. If you love your job , but need more cash, a microjob might be the answer. Then you can figure out what alternatives are right for you.

Mental Barrier #3: I don’t have a good business idea!

But what happens when you do stumble on this sort of information — and discover that a peer makes more money than you do? How should you react? Should you tell your colleague that you know? Talk to your boss? How can you use the information to ask for a raise?

There are plenty of examples: the Ivy League bonus, the external hire advantage, the he-was-friends-with-the-big-boss-before-he-even-got-here supplement.

Not to mention the larger macro issues that affect us all: the gender pay gap and rising income inequality. And do not confront. Perhaps the higher-earning colleague has more seniority, more experience, or better qualifications. Maybe he was recruited away from another company. Think, too, about your performance, productivity, and contributions. Talk to your manager The way you found out about the pay discrepancy — whether it was through the rumor mill or because a document was mistakenly left on the copy machine — is not relevant.

But your awareness of the gap most certainly is. What can I do to improve my chances of getting a significant raise at my next review? Do not mention any particular coworker by name if you can help it, advises Menon. Case Study 1: Do your research before taking a new job A few years ago, Adarsh Thampy had a good job in marketing — or at least he thought so. After all, he had nearly doubled his salary from his previous job.

But when it came time for his salary review, Adarsh did ask for a raise. Adarsh was soon promoted to head of marketing but left the job soon. He says the experience taught him to better prepare for salary negotiations in the future. Case Study 2: Talk to your boss about other ways to redress the gap Erin Engstrom returned from maternity leave to a promotion, a raise, and a new team member to manage. Erin was disappointed but decided not to take the issue up with HR.

A few weeks later, Erin went back to her boss and asked if she could work from home two days a week instead of one. Today Erin works for Recruiterbox, the online can you find how much money a company is making and resume management software company, and says she would advise companies to be more transparent about salaries. Rebecca Knight. Get more information before you react. Related Topics:. Want to see the other articles in this list?

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How to tell if a company is making money

How to Make Money on the Internet

Or is this blowing it out of proportion? Or reach out to him when he had a setback. I once was accidentally sent pay information for hundreds of employees in the company where I currently work. That’s the problem. I was born July 20, in Madison, Wisconsin and we lived in the iz of farm country. So how much do you make? You should never tell… I have friends always using different tactics to try to gather information about how much I make, how much rent I pay. We live in California. In the overall discussion of personal finance there are one or two close friends that I do share income figures makking when discussing goals and planning, if they are really your friends it should not be an issue. After years, go ahead and continue asking and telling everyone how much you make above and BELOW you. In summary, when you are jealous, remind yourself that it is just an emotion that is not in line with reality. I want to smack Peter. The best part is after you start charging your clients, you can start to take on more or less work until you earn the amount you want. Hahaha, yep, caved too soon! I have recently doubled my income and am trying to shut up about it.