We’ve all asked ourselves the million dollar question; “Am I making as much money as I should be?”
If you’ve been debating this question, you’re far from alone. A recent study by staffing company Randstad USA found that 39% of employees surveyed believe they are being underpaid. Ironically, that same survey revealed that 50% of employers think the salaries they offer are on par with the marketplace.
So back to the million dollar question. Are you underpaid? Here are five steps to help you determine whether you’re getting what you’re worth. If not, it might be time to consider moving on from your current job.
You are underpaid if…
1. Other people in your firm do work that is very similar to yours and get paid more.
2. Recruiters regularly contact you to tell you about other jobs with similar responsibilities that pay significantly more than you’re currently earning.
3. You’ve checked salary sites and find that the average salary for someone with your responsibilities and experience level is significantly higher than your current salary.
4. There are other existing positions in your area that require someone with your experience, and those positions pay more than you’re earning now.
5. You see job ads that you are qualified for that pay a lot more than you’re getting now.
6. You have job offers for a higher rate than you’re currently getting.
7. People with your level of experience in the market get paid a lot more than you do.