Monday , 21 August 2017


Underpaid? Here's How to Find Out

 

 Ever look around the office and wonder if your colleagues make more money than you? What about the competition next door — are those employees bringing home…[more than you for comparable work]? Instead of wondering if the grass is greener and the paycheques are bigger…[elsewhere], maybe it’s time to find out if you’re underpaid. With a large number of online salary tools available — and a little leg work — you could land a pay raise or a better paying job before the new year. [Here’s how.] Words: 897

So says Kerry K. Taylor (www.Squawkfox.com) in edited excerpts from her original article*.

Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) has edited ([ ]), abridged (…) and reformatted (some sub-titles and bold/italics emphases) the article below for the sake of clarity and brevity to ensure a fast and easy read. The report’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

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Taylor identifies the following three salary boosting tricks and website tools that could end your underpaid days forever.

1. Use an online salary sleuthing tool.

Compare…incomes for a variety of jobs with salary sleuthing websites — a pay rise might be just a click away!

PayScale.com: See how your compensation compares to your…peers by creating an anonymous job profile and sharing your salary, work experience, education, and benefits with other salary seekers. PayScale graphs your income to the industry standard by comparing your work experience with others in the same field and region.

Salary.com:…Review job descriptions and benchmark salaries in your area. Salary.com compares your salary to the national average and related jobs in the industry.

Glassdoor.com: Before interviewing with a new company, check the reviews on Glassdoor.com where current and past employees anonymously rate their CEO, work environment, and compensation.

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2. Interview with other companies.

Gauge market demand for your skills, experience, and education by applying for work elsewhere. Checking in with recent job postings is a wise way to conduct free market research in your region, and landing a job interview could give you insight into whether you’re underpaid or not.

3. Ask your colleagues.

Muster up a bit of courage and ask your colleagues this one little question: Do you think your income is consistent with the market? You’re not directly asking what they make, but by asking an open question, you may just walk away with the answer you seek.

Your Turn: Are you making a fair wage?

*http://blog.yourmoney.ca/2011/11/underpaid.html (Kerry is the author of 397 Ways To Save Money: Spend Smarter & Live Well on Less)

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