3 Ways to Make More Money in The New Year

As the end of the year approaches, take some time to evaluate your working habits. Is there room for improvement?

Improving your performance at work could also improve your salary. There are no shortcuts to making more money — as you may know, increasing your salary takes extra time and effort. Our recent salary survey found key areas that impact salary in health IT, and indicate opportunities to increase pay.

Here are some resolutions you can make to bring in more money in the new year:

Be an Expert

Health IT is booming, and companies are hungry for highly skilled workers. Be that valuable professional by being knowledgeable and informed. Stay on top of trends, understand how technology is changing, and learn new and emerging systems that could benefit your company. In a drought of IT talent, employers will do what they can to keep their best assets and top performers.

In addition, understand what skills are needed to transition into a higher paying position, and present yourself as an expert in the area. Our salary survey showed that job function was one of the biggest influencers of salary. Project managers make the most money, bringing home an average annual salary of $111,648.73. Completing certifications can also help you land the lucrative position you want. The PMP certification, for example, is important for those looking to attain a top-paying project manager position.

Specialize Your Skills

Specialized skills are becoming increasingly valuable to employers in the tech space. Health IT professionals with certifications typically make $10,000 or more than those without. Experience also has a large impact on salary.

Although you cannot magically acquire more years of experience, you can increase your value and make more money by focusing on a specialized area. You may not be the most experienced employee at your company, but you could be the most experienced in a niche.

The broad and fast-paced nature of technology means that there are many niche areas that require specialized skills. Find one that interests you and work to build the required knowledge base. Complete certifications, enroll in classes, or find a mentor who can show you the ropes of the niche area.

Specializing could also help you to transition to new segment of health IT. According to our salary survey, the type of company you work for also affects your pay. Those who work for health IT consulting companies are paid the most, an average of $109,715.42 each year. Insurance companies, software vendors, and hospitals and health systems are other high-paying segments.

Be a Team Player

Although individual skills are valuable in health IT, they don’t mean much if you are miserable to work with. IT work is team effort, and employees need to work together to bring value to the company.

Volunteering to take on extra responsibilities, helping overburdened team members, and working extra hours will help you become a more valuable member of the team. Putting in more time and effort for the good of the team will also help you to gain more experience, sharpen your skills, and set yourself apart as a leader.

But helping the team does not mean bossing coworkers around or condescending to those who need help. Your efforts to help the productivity of the team should be genuine.

When lucrative opportunities open up or end of the year reviews come around, managers are likely to think of those employees who are always ready and willing to help. Keep in mind these tips and hopefully 2015 will be a more lucrative and successful year than previous ones.

What other changes can health IT professionals make to earn more money?