Tag Archive for: How to Tell If you’re Underpaid

It’s notoriously difficult to find out how much other people make for doing the same job as you. Employers generally hold comparative salary information close to the vest, and unless you can tease exact dollar figures out of a colleague to see if your pay is in the same ballpark, you may be left wondering if you’re earning a fair wage for your title and field.

A recent Glassdoor survey found that close to 40% of employees think they aren’t paid what they’re worth, with more women than men feeling this way. But believing you’re underpaid and knowing it are two different things. Here are some convincing signs that suggest you’re not making enough.

Your numbers are below industry norms

While it can be challenging to determine whether you make less than a co-worker in your company due to lack of pay transparency, you can find out average salaries of others who share your title in the industry at large. Several career websites offer salary benchmarking, includingSalary.com, PayScale.com, Glassdoor.com and Indeed.com. These online sites offer resources (many of them free) to help employees research how much they’re worth using tools such as national and regional compensation reports and salary profile databases that are searchable by title, experience level, geographic location and company. Check out the salary bands for your position on several of these different career sites, average the salaries from all of the sources and see if yours ranks near these numbers or falls below the threshold.

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Your salary progression has stalled

If you came on board in your entry-level job at a salary you knew was low (after all, you were a newbie) but haven’t moved up the pay scale much since then, it’s likely you haven’t caught up enough. Once you accept a position that’s below market rate, it can be difficult to prove to subsequent employers what you’re really worth and make up the difference, since hiring managers often base starting salaries on the amount you made previously. Minute raises year over year (in the range of 1 to 3 percent) mean that even those who started at the same level as you may be raking in more by now if they’ve received more substantive annual raises. Think about this point in relation to how much your level of responsibility has changed as well. If you were promoted by being given more tasks or a higher title but your boss has made no mention of a raise, chances are you’re being underpaid for what you’re doing now.

You’ve never asked for more money

Salary negotiation is an important part of making what you’re worth. While many employees balk at the idea of broaching the topic of getting paid more, research has shown that asking for a salary bump often results in receiving one. A 2015 study by PayScale found that 75% of those who requested more money got it. Yet many people never work up the nerve to ask — particularly womenand millennials. This fear of salary negotiation can have very expensive consequences over the lifetime of your career, resulting in potentially hundreds of thousands of dollars in lost income.

Being underpaid can be discouraging, but it doesn’t have to be inevitable. If you find out you’re making too little money, be willing to step up to the table and start negotiating — or start seeking a new employer who will pay you as much as you deserve.