How to Exploit Your Employer -- and Why You Should

Feel exploited by your employer? In these slimmed-down times, many companies are asking more of their employees. But James Altucher, Managing Director of Formula Capital, says employees should turn the situation around. Fewer employees in a company, explains Altucher, mean that those who are still employed can take on more responsibility and in the process, move ahead more quickly.

So what do you do? In the video below, Altucher explains the steps you should take -- among them, get to know your boss' clients, build relationships with the division heads who interact with your boss and be innovative, coming up with new, revenue generating ideas.

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This is not about being sneaky. It's about going above and beyond the requirements expected of you. Exploiting your employer, says Altucher, is also about helping your boss. Your success means your boss looks good, gets promoted along with a bump in salary. But when the day comes that you are no longer working for your boss, you will still be able to call his contacts and the company's clients, who will help you to get ahead.

Altucher speaks from his own experience. In the mid 1990s, he started a Web services company, Reset Inc., which built Web sites for entertainment companies. His position as an employee earlier in his career at HBO helped him to get his own business underway. His first customer was HBO and after that he signed up lots of other customers he came to know while working for HBO, which is owned by Time Warner (TWX), including People Magazine, Sports Illustrated and Time Warner.com. Those big names led to other clients such as Sony (SNE).

Good advice worth listening to.