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MONEY AND YOUR CAREER

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Ved Naik
Ved NaikEngineering Leader
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Money naturally attracts our attention, especially when we think about career growth. However, financial rewards are rarely the only factor that determines career satisfaction. Instead of focusing only on the salary attached to your position, think about what truly motivates you and what skills you want to develop.

Building new competencies and preparing yourself for the next level are essential for long-term career growth. When you become more capable, confident, and passionate about your work, increased compensation often follows naturally.

Raises and promotions are exciting signs of progress, but there may be times when you feel overlooked or stuck. The important thing to remember is that you are responsible for managing your own career. Here are five ways to move forward:

1. Understand Your Boss’s Perspective

If you want a raise, approach the conversation realistically. Simply doing your job well for a certain period does not automatically justify an increase. Demonstrate how you have taken on additional responsibilities, delivered greater value, or performed work that normally belongs to a higher-level position.

2. Expand Your Responsibilities

Become excellent at your current role and look for opportunities to contribute beyond your regular duties. Identify problems that need solving, take initiative, and learn how to handle additional responsibilities. Make your manager aware of your efforts and your interest in professional growth.

3. Consistently Over-Deliver

Consistently exceeding expectations can distinguish you from others in the workplace. Deliver quality work, meet deadlines, solve problems, and contribute beyond what is expected. When you achieve meaningful results, make sure your contributions are visible. Your work should speak for itself, but it is also important to communicate your accomplishments.

4. Find a Mentor

A good mentor can provide valuable guidance, perspective, and encouragement. Mentors can help you identify opportunities, understand your strengths, avoid common mistakes, and build a career path that aligns with your goals. Take the initiative to find someone whose experience can help you grow.

5. Think Beyond Salary

If a salary increase is not immediately possible, consider other forms of professional value. Flexible working arrangements, additional vacation, training opportunities, new assignments, career development, or greater responsibility can also contribute to job satisfaction and long-term growth.

Ultimately, ask yourself a simple but challenging question: If you were the boss, would you pay your current salary to someone who performs exactly as you do today? Your answer can help you identify where you need to improve and what additional value you can bring.

Career growth is not only about earning more money. It is about becoming more skilled, taking greater responsibility, creating meaningful value, and continuously preparing yourself for the next opportunity.

At the same time, organizations and industry leaders must recognize the importance of attracting young professionals to the energy sector. Young people represent the future of the industry and should be introduced to the exciting career opportunities, challenges, innovation, and growth that the sector offers—not only the negative stories often associated with oil and gas prices.

Build your skills, create value, take initiative, and let your career growth become the foundation for greater financial rewards.

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