US News and World Report recently published an article quoting that , for women, we will stop receiving pay raises at about age 37 (and the age is 45 for men). YUK. YIKES. That should grab your attention. And, for what reason do they quote? We reach a level where experience eventually stops improving our productivity: http://money.usnews.com/money/personal-finance/articles/2012/03/28/are-your-biggest-earning-days-over
Does It HAVE to be that Way?
It doesn't HAVE to be that way. By distinctly working to create expertise in areas that your peers in the industry or field that you are in have not- you can capitalize on knowledge that can keep your salary climbing for several more years. Are you in healthcare? Become brilliantly knowlegeable about Meangingful Use stages 1 and 2. Become an expert on the HITECH act. Learn about security. Explore alternate models of healthcare in other countries. We have a big dilemma to solve- try to increase your education to add innovation and creativity in a field that lacks it greatly.
Are you in retail, manufacturing or engineering? There are ways in each of these fields that you can expand your knowledge to move your organizations forward. Consider a path explaining the steps necessary to expand your brand and increase your value in my recent book, Brand YOU.
If we sit back and let our career paths build themselves, and we are unaware of our brand or how to best position and GROW our skillsets and knowledge, than the article will ring true, every time. Our earnings will cap off and then they will proceed to decline for the remainder of our earning years.
Take CHARGE!
Take charge of your career path and journey. Explore options to increase your expertise and specialties. Find ways to 'stand out from the crowd' to maximize your worth to an organization and your ability to move them forward. Companies crave true thought leaders and innovators.
YOU own the determining factors in whether this statistic will become your reality or whether it will be debunked because of your ability to uniquely position yourself to increase your earning potential when others can not. Go prove them wrong!