Is it time for an increase? The stagnation of wages is bad … for business

Despite the increase in business profits and inflationary pressures, wages have barely moved for most American workers. According to the Bureau of Labor Statistics, real wages (adjusted for inflation) have seen little growth Over the past decade, leaving many frustrated employees and has trouble following the cost of living. A recent analysis underlines that even in the sectors which are experiencing high demand, employers are ebbing To increase basic remuneration, opt instead for short -term incentives such as the bonus signature.

If your business will not give you an increase, how can you force your hand-and why should they care about it?

The answer is simple: the training and development of the workforce. By increasing expertise and widening, employees become more precious – by giving them the leverage to demand a better salary. At the same time, companies benefit from a more skilled workforce, lower turnover and improved efficiency. Here is how continuous learning helps employees and employers to break through the stagnation of wages and the success of companies.

1. Prove your value and justify a salary increase

If companies do not increase wages by themselves, employees must take measures. One of the most effective ways to do so is to demonstrate an undeniable increase in value. Employers reward employees who directly contribute to income growth and efficiency. The development of advanced skills makes you essential, increasing the probability of an increase.

A McKinsey study revealed that 87% of executives Discover the skills of skills in their workforce, but many have trouble finding external talents. Employees who proactively fill these shortcomings are distinguished. AT&T, for example, has launched its future Ready training program to help employees acquire expertise in AI and cybersecurity. As a result, those who finished the program were promoted twice as fast as their peers.

Why it’s good for business. Employers benefit from a more capable workforce without the high costs of external hiring. AT&T’s investment in implementation not only strengthened employee career growth, but also reduction of hiring spending and improving internal innovation.

When you can quantify your value, your employer has a reason to invest in you – and the company benefits from a stronger workforce.

2. Win employment safety and lever in negotiations

Beyond proving your value, training can also increase employment safety – which employers are ready to reward. Employee Turnover is expensiveGallup reporting that the replacement of an employee costs their annual salary half to twice. Qualified employees who are less likely to leave become precious assets, making companies more inclined to increase wages to keep them.

Amazon’s career choice program, which covers 95% of tuition fees For employees who pursue fields in demand, is an excellent example. The initiative has reduced rolling rates among participants by 20%, proving that companies see the financial benefits to keep the workers highly qualified. Employees who benefit from these programs acquire not only job stability but are also positioned for salary increases.

Why it’s good for business. The conservation of qualified employees saves money to businesses, reduces recruitment costs and ensures the continuity of critical roles. Companies investing in education programs see lower attrition rates and greater employee satisfaction.

When companies invest in training, they also invest in retention – reducing costs while keeping the best talents engaged.

3. Stay in advance on industry teams and avoid career stagnation

The workplace evolves quickly and those who do not continue to risk being left behind. Technology and automation are to reshape industries, which makes learning throughout career lifelong career. A report of the World Economic Forum previously indicated that 50% of all employees Need Reskilling by 2025 due to automation; The trend seems to follow a similar perspective for 2030. Those who adapt remain relevant and those who do not risk career stagnation.

The Live Better U initiative of Walmart has helped thousands of employees to avoid this fate by providing free training in college education and technological technologies. The results speak for themselves: employees who finish the program earn on average 8% more every year that their peers. Staying ahead of industry changes does not just protect your work – it actively increases your gain potential.

Why it’s good for business. Companies that invest in re-skill are more competitive, adapting more quickly to industry changes. The Walmart training program helped the company provide thousands of internal positions, which reduces dependence on costly external hiring.

In a changing economy, those who remain competence that remain employed – and the companies that form their workforce remain ahead of the competition.

4. Improve your negotiation power

Winning new skills is only part of the equation – you must also use them to your advantage when negotiating your salary. Employees who can articulate their value with measurable results have much more negotiation power. Harvard Business Review Research shows that employees who can quantify their impact 30% more likely To receive an increase.

Google Grow With Google Program provides digital marketing and data analysis certifications. Employees who finish the program reported Win 20 to 30% more In one year using their new skills to negotiate a better salary. When you can demonstrate how your training benefits your employer directly, you make it difficult for them to justify not to increase your salary.

Why it’s good for business. Companies benefit from employees that make measurable improvements in productivity and efficiency. Trained employees allow not only better, but also contribute to higher overall performance.

Employers pay results. The training gives you the figures to safeguard your value – while delivering a measurable return on investment for companies.

5. Be promoted faster and increase your gain potential

Although the negotiation of an increase is significant, the progress of a company often leads to the greatest salary jumps. Employees who constantly increase skills increase the career scale more quickly, which leads to higher long -term income. A LinkedIn Learning study revealed that employees who regularly engage in professional development are promoted 39% faster than those who do not.

Microsoft’s Leap learning program has helped employees move to more remunerated technological roles, participants see an average salary 40% increase within two years. The training does not simply increase your gain potential – it accelerates all your career trajectory.

Why it’s good for business. Internal promotions allow companies recruitment costs for external hires while ensuring the continuity of leadership. Microsoft’s program has helped fill in technological talent shortages while rewarding dedicated employees with a higher salary.

The fastest way to a higher salary does not expect an increase – it is preparing for a promotion. And when employees go up, companies thrive.

Take control of your financial future and help your business prosper

Salaries stagnation is a reality, but it does not have to define your financial future. Investing in skills development gives you a competitive advantage, increases employment safety and provides leverage in salary negotiations. At the same time, the companies that invest in the training of the workforce earn more qualified, faithful and productive employees, which makes it a win-win for the two parties.

If your employer does not offer an elevation, an irreplaceable appointment and forces them to recognize your value. The labor market changes. Workers who thrive are those who never stop learning. Will you be one of them?