Make the most of your remaining PTO with these creative vacation tips! Feeling underpaid? Finally, learn how to get what you deserve.
A lot of people aren’t good at taking vacation days from work.
Which is very strange in itself because…. “All work and no play makes Jack a dull boy”. In fact, jobs that offer great benefits in paid time off are a big deal for most job seekers, with about 62% of them actively looking for such offers, even more than benefits like maternity/paternity leaves or HMO plans. And yet 46% of workers end up never using the time off their jobs give them.
And that’s just not right. Today’s edition of the SimplVest newsletter covers how you can still make the most of your work year, even though we’re crawling through June into H2 2024.
- First; 5 tips on maximizing your paid-time-off/ leave,
- And then, a plan on what to do if you think you’re underpaid
Let’s get on with it!
Feeling Burnt Out? Make the Most of Your Vacation Days!
1. Get Creative with Your Calendar
Combine vacation days with weekends and holidays to stretch your time off without burning through your PTO. For example, with Id el Maulud on Monday, September 16th, take Friday, September 13th off for a long four-day weekend. Similarly, with National Day on Tuesday, October 1st, consider taking Monday, September 30th, off for another extended break. This method, known as “calendar Tetris,” allows you to maximize your days off efficiently.
2. Combine Business with Pleasure
Combine business travel with personal vacation time. If your company sends you to a conference in another city, add a vacation day to explore the area at the end of your trip. Some companies might even cover part of your travel expenses, like airfare. Additionally, if you can work remotely, consider working from a different location for a change of scenery. This way, you enjoy a new environment without using your PTO.
3. Spread Out Your Time Off
Spread your vacation days throughout the year to maintain a steady refreshment and avoid burnout. Take shorter, more frequent breaks instead of saving all your days for one big trip. For example, take a long weekend every couple of months. This consistent pacing can keep you energized and more productive at work.
4. Choose Your Moments Wisely
Take time off during busy periods at work for a more refreshing break. It might seem strange, but taking a vacation when work is hectic can help you feel more refreshed. When you return, you’ll feel more energized and ready to tackle your tasks. If a busy period isn’t an option, ensure you have a buffer day when you return from vacation. Arrive on a Saturday instead of a Sunday to catch up on chores and relax before returning to work.
5. Set a Vacation Goal
Avoid the guilt (we know you feel bad about leaving your colleagues with extra work) of taking time off by setting a personal minimum for vacation days each year. Studies show workers with “unlimited” PTO often take less time off. Aim for at least 15 vacation days yearly to maintain a healthy work-life balance. Fully unplug during these breaks — set your out-of-office message, turn off email notifications, and resist the urge to check work emails. If you must stay connected, limit work to a specific, small time window each day.
Feeling Underpaid? Here’s How to Get What You’re Worth!
Have you ever wondered if you’re being paid what you’re worth? You’re not alone. In an April 2023 survey by Pew Research Center, 60% of workers said they didn’t ask for higher pay when they were last hired. If you’re like them, here’s what you can do if you think you’re underpaid.
Why You Might Be Underpaid
Sometimes, pay discrepancies aren’t intentional. Market conditions and timing can lead to new hires earning more than seasoned employees. For instance, Kelly Harry, an account executive in ad sales, discovered her colleague was earning over twice her salary despite having similar roles ($40,000/ year compared to her colleague’s $102,000/ year). This often happens due to “wage compression,” where newer employees benefit from current market rates, leaving longer-term employees underpaid.
And sometimes, it may just be as simple as the fact that higher-paid colleagues ASKED for the raise, and you didn’t. Weird, right?
(Hey, speaking of, check out our piece on smoking hot Salary Negotiation Tips)
Do Your Homework
Start by researching the current market worth of your skills and experience. Use resources like Glassdoor and Payscale to gather data on typical pay ranges for your position. It’s also helpful to consider factors like location and industry standards. By understanding the market value, you can accurately assess whether you’re underpaid and gather solid evidence for your case.
Negotiating a Raise
When you’re ready to ask for a raise, preparation is key. Highlight your contributions, such as specific projects you’ve led, any revenue you’ve helped generate, or efficiencies you’ve created. Use this data to build a strong case. For example, mention if you helped increase sales by 15% last quarter. However, avoid comparing your salary directly with coworkers, as this can create tension. Instead, focus on your achievements and market research.
Consider Moving On
If your employer isn’t willing to adjust your pay, it might be time to look elsewhere. Finding a new job can sometimes lead to better pay and work conditions. For example, Kelly Harry, mentioned earlier, found a new opportunity that paid better and offered a healthier work environment. Explore other options if the gap between your current pay and market value is too wide. A new job is sometimes the best way to get your deserved pay.
Take Action
Don’t settle for less than you’re worth. Whether it’s negotiating a raise or finding a new job, taking proactive steps can make a big difference. Start by listing your achievements and researching the market. Prepare a strong case for your worth; don’t be afraid to look for new opportunities if necessary.
The Wrap Up
Taking care of your well-being and ensuring you’re paid what you deserve are crucial steps to a fulfilling career. Remember, using your vacation days wisely and advocating for fair pay can significantly impact your job satisfaction and overall happiness. Don’t hesitate to take control of your career path — start by making the most of your time off and understanding your market value.Best,
The SimplVest Team 🚀
