HaveYou Hit The Glass Ceiling?

I had an interesting discussion with my partner yesterday. We were talking about salaries, particularly surrounding the current banking crises and the level of pay that the executives receive.  We were talking about the Fred Goodwin case which is quite topical news in the UK.

Those of you who do you know Fred Goodwin was the chief executive of the Royal Bank of Scotland he was in charge of it back in 2008 I believe just before the crash. Now he was given a Knighthood  for his services to the banking industry.  However, recently in the news aimed at the Royal Bank of Scotland executive who was given a £960,000 plus bonus, which caused outcry in the UK. Particularly because the Royal Bank Of Scotland is owned by the UK public as it was bailed out in the banking crisis in 2009/ 2011.

After much debating in parliament and on the news the executive was forced to give up his large bonus. This then raise the question about bonuses in general. If a bonus is included in your contract it is almost always stipulated that you have to achieve certain goals certain objectives. However, the culture of the last few years in the banking industry has been that executives still expect to get a bonus even if they haven't delivered fully on the goals or targets they were set by stakeholders.

This is what has caused the outcry in the UK. As a consequence Fred Goodwin was stripped of his knighthood. Something that has only been done once before in the UK. Other things that were brought to light included the £450,000 a year pension that Fred Goodwin has. Nice pension pot!

Now this raised a debate between my partner and myself, the fact that there is only so much most of us can go in our jobs before we hit a salary ceiling.

We discussed the huge gaps and disparity in wages set between company executives such as Fred Goodwin and the workers and managers  below them.

 How many of us have an opportunity to go beyond the glass ceiling? The answer is virtually no one.

This then made me debate the fact that most people would love to go beyond the glass ceiling in their current jobs. However, with the current economic state and the way that companies are strategically set up this is not ever going to be an option.

There are a few people who are looking for another way to earn an additional income without their being this glass ceiling or cap in how much can be earned.

You may work your guts out for your current employer, but do you get rewarded ?

Do you get a bonus in your next month's pay salary?

You may get recognised once in awhile through a company award scheme for employees. But how beneficial is this to you and your family and in helping your income to grow?

There could be other colleagues beside you who put in only half as much effort as you do and they're still receiving the same salary as you are is this fair?

Each year your salary maybe capped to a certain percentage in pay rise either by the company or by the government. Is this fair?

The cost of living is increasing for all of us. The cost of petrol is rising steadily, the cost of purchasing food is rising due to the high cost of petrol in transporting the food.

Education; the government have just announced a maximum tuition fee of £9000 increased from £3000 on college education. So even getting a good education is now going to be difficult for a lot of young people. What will their job prospects be later on in life?  

Currently, there are over 1million young people and graduates who are unemployed, what is their future going to be like.  Many may well be living on welfare, but how long can this be sustainable, and what satisfaction is this bringing to these young people who want to go out there and work.

At this point this is where multilevel marketing and network marketing came into the conversation. Now, as a network marketer myself I raised the fact that you can earn as little or as much as you want to.

There is no structure in place to stop you from going above a certain limit of earnings. It's all down to you. It's all down to what you want to achieve. What your goals financially are.

Network marketing or MLM is the only industry that I know where there are no glass ceilings in place.

No one individual getting more than others in the company, because others in the company have the same opportunity to earn as much as if not more than the top income owner.

It is the only industry where your efforts are rewarded and your income grows without a limit. It is the only industry where if you put in the effort and work hard you will be rewarded and you will see those rewards.

If you want to join the debate, please leave a comment below on your thoughts to this post.

PS: If you are looking to go beyond the glass ceiling and want to look at a serious opportunity that will help you get beyond that ceiling take a peak at what I do here ==>