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.

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.

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yet another "how to" gash in the fiber of what is tearing civilization down----gimme,gimme,gimme---what about doing it fair and square without all the smoke and mirrors? when you come to the table with something to offer, people know....if you lie, cheat, and decieve, they know that too.....

October 11 2010 at 10:07 AM Report abuse rate up rate down Reply

He can well afford a better haircut. Tragic.

October 11 2010 at 2:55 AM Report abuse +2 rate up rate down Reply

What an inovative way to hide a bald spot. I too am getting weary of seeing the same old tired comb over. Just spray, wax, and gel your hair into a high hedge all around your bare scalp and no one will ever suspect you have thinning hair.

October 10 2010 at 10:27 PM Report abuse +3 rate up rate down Reply

Not sure what this guy had to drink for lunch! I'm in the public school system and this type of plan would not work simply because of politics and the "good old boy" system. You can work yourself into the ground making sure your boss look good and what they'll say is you're a wonderful employee and I'm not going to let them get away. Who is he kidding...

October 10 2010 at 8:46 PM Report abuse +1 rate up rate down Reply

What planet this nut is from ???? He must be in financial/bankster industry. It may work in their ponzi industry. But for everybody else.... We actualy have to earn money old fashioned way.

October 10 2010 at 8:27 PM Report abuse +3 rate up rate down Reply
1 reply to b3ski's comment

How to exploit your boss. Use their basic strategy if it's worth a ****. Add your own and start yopur own business. Just remember. You'll be working 16 to 20 hours a day instead of 8 hours untill y

October 10 2010 at 6:43 PM Report abuse +1 rate up rate down Reply

What a joke. Do everything you can to make your boss look good? Forget this blog fellow human beings. Make yourself look good and make sure you, not your boss get credit for innovation. It's real easy. Keep notes with times and date when you made the suggetions. I'm just tired of these born to the company kids taking credit for the grunt work and thought and I'm a born to the company kid.

October 10 2010 at 6:10 PM Report abuse +2 rate up rate down Reply

Nice hair--other than that, why do you constantly refer to a boss as He?

October 10 2010 at 3:32 PM Report abuse -1 rate up rate down Reply

I don't understand his hair. My mom used to wear her's like that in the 1970's.

October 10 2010 at 3:27 PM Report abuse rate up rate down Reply
1 reply to kv37's comment

It's a Krammer doo,he's probably very proud of it!

October 10 2010 at 6:37 PM Report abuse rate up rate down Reply

oh please this is nothing new!! You'll get promoted & an increase in responsibilities for the same money or next to nothing. Be careful not to screw yourself in the process of trying to get ahead.

October 10 2010 at 12:20 PM Report abuse +1 rate up rate down Reply