By Morgan International Staff Writers
Financial reward is a huge motivational factor for most people, regardless of what line of work you are in. They say money makes the world go round and let’s face it, not many people choose to work for free. So it is obviously a high priority for employees to ensure they are getting paid the going rate. For years there has been a growing awareness that there is an equality gap when it comes to pay, with many women being left short-changed. Unfairness with respect to salaries is not just a gender issue either; there are many people who find themselves in the situation where they are being underpaid for their services.
Here is how you can find out if you are being underpaid:
- Salary Comparison – It is much easier these days to find out the average salary for your role. Unless you have a very unique and uncommon type of job, you should be able to use apps like Glassdoor’s Know Your Worth.
- Advertised Jobs – Do a bit of research on what the typical salary is for your role by checking job websites and apps. You might find that salaries have changed significantly for your type of role. For example, there is a much higher demand for highly skilled IT based roles and this has been reflected in pay structures at most businesses.
- Speak to recruiters – Even if you’re not looking to move to another company, get linked up with a recruiter and they may be able to give you some inside knowledge into what you should expect to get paid. You may even find that they have a job that is perfect for you and with a better salary!
- Self-evaluation – You should have a fairly good idea of how well you are performing against other colleagues in the same role. If you know that you are performing better and not seeing financial recognition for that, or you have been in the same role for a while without a pay rise, you should be asking questions.
- Colleague lifestyles – People don’t usually openly discuss their salaries, but if you can see that your same level colleagues are enjoying the high life and you are struggling to make ends meet, then ask yourself why. There could be a simple explanation like they are living beyond their means or you have outgoings that they don’t have, but if there are no obvious reasons for the lifestyle gap then you could be getting underpaid.
Nobody should have to accept being underpaid, and there are so many options to check average salaries that make it easy to work out if you are affected. If you don’t take action now you could be losing out on a huge amount of money over the remainder of your career.