LIFEHACKS

12 Signs That You Earn Way Less Than You Should

Date July 6, 2018

A salary perhaps is the only means of measuring how well a certain employee is coping with their duties, as well as how their work is valued. Even those who are crazy about their profession or sphere can lose their heart and become completely discouraged from time to time, when they get a feeling that their salary is much lower than they deserve.

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Modern employers don’t advertise the level of their employees' income and don’t take it well if this subject is discussed among their workers. So, in most cases, we rarely know how much our colleague next desk earns, even if we’re close. However, you can know your boss is saving on your behalf if you pay attention to these 12 signs.

1. The salary is lower than the average in your field.

The surest way to find out if you are underpaid is to study the relevant segment of the market. After evaluating the requirements and promises of potential employers and comparing them with your work experience, as well as special skills, you can start planning a dialogue with your boss about a raise. However, before you step into your superior’s office, try to understand the reasons for the current situation. Maybe, you should focus on your performance and efficiency.

2. The company profits grow, your salary doesn’t.

Employee motivation is one of the prime tools of a modern manager who strives to get 100% return from every pair of hands, especially since every worker can find the data about the company’s growing success one way or another. Based on this information, weigh your contribution to the development of the company against your salary.

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3. Colleagues receive bonuses, you don’t.

Bonuses are additional means of incentive, which may be used instead of or in combination with the wage indexation. They can be financial or in a form of other perks – free training, overseas business trips, or recreational trips. If colleagues regularly receive these and you don’t – analyze the situation and have a heart-to-heart with your boss.

4. Your paycheck doesn’t grow.

The wages usually increase together with current trends in the job market – they simply can’t stay at the same level for years. It is common to offer lowered rates to young professionals, who don’t have sufficient experience yet. However, it’s not OK if in several years you are still paid the same, while your skills significantly improved.

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5. Newcomers are offered a higher salary.

One more indicator is the fact that inexperienced young candidates for the same position are offered a salary higher than yours. It’s been mentioned that even colleagues you are on friendly terms with are reluctant to discuss their income. However, in large companies, you can find this information by simply monitoring the vacancies they post.

6. Higher levels of responsibility don’t reflect on your salary.

An increase in your level of responsibility automatically implies a raise. This is a normal and fair practice, which, unfortunately, is not typical for all modern companies. It’s a huge sign of being underpaid if you get promoted without an increase in a paycheck.

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7. You’re happy you have a job.

In the current situation, everybody is trying their best to hold on to their jobs, as even a short period of unemployment can knock off-balance. However, the joy of merely having a job, albeit not the best or most prestigious one, is an effective tool of manipulation. An experienced manager will make sure you don’t even think about asking for a raise.

8. You are a single-subject specialist.

Employees have always been divided into multi-subject specialists and single-subject specialists. If you are one of the latter, evaluate your position in the context of the modern market – maybe it’s time you change your occupation.

9. High personnel turnover.

If people coming in your company don’t stay for long, sometimes it indicates that it’s not only their salary which is uncompetitive, but yours as well. At the same time, corporate culture can be very pleasant, and the environment – comfortable.

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10. A policy about career advancement.

When the manager refuses to discuss your career perspectives, it sometimes means that they already don’t consider any possibility for your raise. And this is an indirect sign that you are being underpaid, as well.

11. The growth rate is too slow.

Some types of leaders adhere to the following principle: Raise the salary once during a certain financial period, but keep this increase small (as a rule, it remains stable for many years and is only 1-3%).

12. Lack of performance evaluation.

In most modern companies, employees are valued. That is, once a quarter or two the manager sets objective and tangible goals for their subordinates, and then their performance is evaluated in different contexts. If it’s been more than a year since your last evaluation, it may be the evidence of unwillingness to revise your salary.

Talking about the paycheck is rather embarrassing for many people, as to some extent it resembles a request. However, don’t settle for anything less than what you deserve!

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