Effective Techniques To Tell If You Are Being Paid Enough | The key to enjoying your job and gaining life satisfaction is in enjoying what you do and feeling that you are respected for your contribution. Respect is shown in several ways, such as a boss saying thank you or recognizing when you have too much work on.
Of course, it also helps to be paid a fair wage as this tells you that you are appreciated. It can be very disappointing and demoralizing if you think you aren‘t being paid enough. The problem is that you need to know if you are being underpaid or if it is just a feeling, it can be difficult to know what everyone else is earning. But, there are things you can do to confirm if you are being paid enough.
Don’t forget, if you find you are underpaid you will need to decide whether to tackle the company or simply walk away. The services of a good compensation lawyer Burwood will be beneficial at this stage.
Check Job Adverts
From time to time your company will place job adverts. You should monitor these to see if any job descriptions similar to yours appear and, if so, how much salary is being offered. If the amount is moiré than you earn you are being underpaid.
In tough times it is normal for staff salaries to be static or even trimmed. But, if the company is doing well and you are still not receiving a pay rise you need to question whether you are being underpaid because you probably are.
Check the Market
It is highly likely that other companies in your industry will have job listings and these will indicate what other people, doing similar jobs at other companies, are being paid. If there is a big difference between their remuneration and yours, you need to take the matter further.
Keep Your Ears Open
In most cases, people don’t discuss salaries. However, social events create great opportunities to talk about outside work expenditure. From this, you can get an idea of what someone earns. If your colleagues have similar responsibilities but jaw-dropping stories, you’re being underpaid.
Most employees are awarded more responsibility as they get better at their job and move through the ranks of the business. However, if you review your earnings and realize you have been given extra responsibility but no extra money, you are being underpaid.
Everyone Else Is Getting A Bonus
People may not talk specifics about money but you are likely to know if others are getting a bonus. If it appears that everyone else is getting a bonus and you’re not, you’ll need to question why you are not valued and whether you are being underpaid.
The Bottom Line
If you think you are being underpaid then there is a good chance you are. If this is the case you need to find out as much information as you can and then speak to a compensation lawyer who can advise you regarding the best course of action. This will help to make sure you make all the right moves and get the raise you deserve.